Centre Asset Management LLC decreased its stake in shares of DTE Energy Co (NYSE:DTE) by 4.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,457 shares of the utilities provider’s stock after selling 110 shares during the quarter. Centre Asset Management LLC’s holdings in DTE Energy were worth $319,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in DTE Energy by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 21,203,264 shares of the utilities provider’s stock valued at $2,711,474,000 after buying an additional 272,213 shares in the last quarter. BlackRock Inc. lifted its holdings in DTE Energy by 7.2% during the 2nd quarter. BlackRock Inc. now owns 15,596,423 shares of the utilities provider’s stock valued at $1,994,469,000 after buying an additional 1,047,518 shares in the last quarter. State Street Corp lifted its holdings in DTE Energy by 2.6% during the 3rd quarter. State Street Corp now owns 9,873,342 shares of the utilities provider’s stock valued at $1,322,038,000 after buying an additional 246,272 shares in the last quarter. Boston Partners lifted its holdings in DTE Energy by 6.8% during the 3rd quarter. Boston Partners now owns 1,985,453 shares of the utilities provider’s stock valued at $263,945,000 after buying an additional 126,748 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in DTE Energy by 10.1% during the 2nd quarter. Invesco Ltd. now owns 1,768,182 shares of the utilities provider’s stock valued at $226,115,000 after buying an additional 162,549 shares in the last quarter. Institutional investors own 70.17% of the company’s stock.

NYSE DTE traded up $0.67 during trading on Tuesday, reaching $130.26. 1,050,965 shares of the company’s stock traded hands, compared to its average volume of 968,667. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.77 and a quick ratio of 0.56. The firm has a market cap of $24.41 billion, a price-to-earnings ratio of 20.68, a price-to-earnings-growth ratio of 3.26 and a beta of 0.20. The company’s 50 day simple moving average is $127.25 and its two-hundred day simple moving average is $128.31. DTE Energy Co has a 12-month low of $109.44 and a 12-month high of $134.37.

DTE Energy (NYSE:DTE) last posted its earnings results on Monday, October 28th. The utilities provider reported $1.91 EPS for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.09). The business had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $3.65 billion. DTE Energy had a net margin of 8.24% and a return on equity of 9.93%. During the same period last year, the business posted $2.13 EPS. Research analysts expect that DTE Energy Co will post 6.2 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th will be given a $1.013 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.05 dividend on an annualized basis and a dividend yield of 3.11%. This is an increase from DTE Energy’s previous quarterly dividend of $0.95. DTE Energy’s payout ratio is presently 64.29%.

A number of research analysts have commented on DTE shares. Mizuho set a $134.00 target price on shares of DTE Energy and gave the company a “buy” rating in a research report on Monday, October 21st. Wells Fargo & Co set a $145.00 target price on shares of DTE Energy and gave the company a “buy” rating in a research report on Monday, October 21st. Bank of America raised shares of DTE Energy from an “underperform” rating to a “neutral” rating in a research report on Monday, October 21st. UBS Group raised shares of DTE Energy from a “neutral” rating to a “buy” rating and raised their target price for the company from $141.00 to $143.00 in a research report on Monday, December 16th. Finally, Credit Suisse Group raised shares of DTE Energy from an “underperform” rating to a “neutral” rating and raised their target price for the company from $125.00 to $132.00 in a research report on Monday. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. DTE Energy currently has an average rating of “Buy” and an average target price of $133.45.

About DTE Energy

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.2 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets.

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Institutional Ownership by Quarter for DTE Energy (NYSE:DTE)

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