DTE Energy (NYSE:DTE) Shares Purchased by Greenleaf Trust

Greenleaf Trust lifted its stake in DTE Energy (NYSE:DTEGet Rating) by 1.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,634 shares of the utilities provider’s stock after purchasing an additional 107 shares during the quarter. Greenleaf Trust’s holdings in DTE Energy were worth $714,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DTE. Capital Research Global Investors increased its holdings in shares of DTE Energy by 14.3% in the first quarter. Capital Research Global Investors now owns 17,821,764 shares of the utilities provider’s stock valued at $2,356,215,000 after purchasing an additional 2,222,887 shares during the last quarter. Vanguard Group Inc. increased its stake in DTE Energy by 6.6% during the first quarter. Vanguard Group Inc. now owns 23,028,699 shares of the utilities provider’s stock worth $3,044,624,000 after acquiring an additional 1,420,586 shares during the last quarter. Neuberger Berman Group LLC increased its stake in DTE Energy by 447.7% during the first quarter. Neuberger Berman Group LLC now owns 816,065 shares of the utilities provider’s stock worth $107,927,000 after acquiring an additional 667,058 shares during the last quarter. Acadian Asset Management LLC increased its stake in DTE Energy by 949.0% during the first quarter. Acadian Asset Management LLC now owns 652,296 shares of the utilities provider’s stock worth $86,215,000 after acquiring an additional 590,114 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in DTE Energy by 67.9% during the first quarter. The Manufacturers Life Insurance Company now owns 748,400 shares of the utilities provider’s stock worth $98,946,000 after acquiring an additional 302,568 shares during the last quarter. Institutional investors and hedge funds own 73.80% of the company’s stock.

DTE Energy Trading Up 0.7 %

NYSE:DTE opened at $114.49 on Thursday. The firm has a market cap of $22.18 billion, a PE ratio of 19.81, a price-to-earnings-growth ratio of 3.15 and a beta of 0.60. The stock has a fifty day moving average price of $114.76 and a 200 day moving average price of $123.92. DTE Energy has a 12-month low of $100.64 and a 12-month high of $140.23. The company has a current ratio of 0.79, a quick ratio of 0.60 and a debt-to-equity ratio of 1.94.

DTE Energy (NYSE:DTEGet Rating) last released its earnings results on Thursday, October 27th. The utilities provider reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.02. DTE Energy had a return on equity of 12.90% and a net margin of 5.79%. During the same period last year, the firm earned $1.72 earnings per share. Sell-side analysts anticipate that DTE Energy will post 6.02 earnings per share for the current fiscal year.

DTE Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, January 15th. Shareholders of record on Monday, December 19th will be paid a $0.952 dividend. The ex-dividend date of this dividend is Friday, December 16th. This is a boost from DTE Energy’s previous quarterly dividend of $0.89. This represents a $3.81 dividend on an annualized basis and a yield of 3.33%. DTE Energy’s dividend payout ratio (DPR) is currently 61.25%.

Analyst Ratings Changes

DTE has been the subject of several recent analyst reports. Guggenheim cut their target price on DTE Energy from $145.00 to $122.00 in a research note on Monday, October 24th. TheStreet cut DTE Energy from a “b” rating to a “c+” rating in a research note on Thursday, October 6th. StockNews.com initiated coverage on DTE Energy in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Credit Suisse Group raised their target price on DTE Energy to $140.00 in a research note on Tuesday, August 9th. Finally, Citigroup lowered their price target on DTE Energy from $146.00 to $139.00 in a research report on Friday, October 28th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $129.00.

About DTE Energy

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DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.3 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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