DTE Energy (NYSE:DTE) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of DTE Energy (NYSE:DTE) by 28.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 777,132 shares of the utilities provider’s stock after buying an additional 171,371 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in DTE Energy were worth $93,839,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Capital World Investors increased its position in shares of DTE Energy by 123.2% in the fourth quarter. Capital World Investors now owns 6,823,231 shares of the utilities provider’s stock worth $823,905,000 after acquiring an additional 3,766,221 shares in the last quarter. Vanguard Group Inc. raised its position in DTE Energy by 3.6% in the fourth quarter. Vanguard Group Inc. now owns 25,286,380 shares of the utilities provider’s stock valued at $3,053,330,000 after purchasing an additional 879,670 shares during the period. Balyasny Asset Management L.P. boosted its position in shares of DTE Energy by 1,794.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 920,569 shares of the utilities provider’s stock worth $111,159,000 after buying an additional 871,978 shares during the period. AQR Capital Management LLC grew its stake in shares of DTE Energy by 750.0% in the fourth quarter. AQR Capital Management LLC now owns 964,655 shares of the utilities provider’s stock valued at $116,482,000 after buying an additional 851,169 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of DTE Energy by 50.2% during the 4th quarter. Invesco Ltd. now owns 2,462,592 shares of the utilities provider’s stock valued at $297,358,000 after buying an additional 822,854 shares during the period. Hedge funds and other institutional investors own 76.06% of the company’s stock.

Insider Activity

In related news, SVP Joann Chavez sold 7,062 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $132.40, for a total value of $935,008.80. Following the completion of the transaction, the senior vice president now directly owns 14,067 shares in the company, valued at approximately $1,862,470.80. This represents a 33.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.33% of the stock is owned by company insiders.

DTE Energy Stock Up 1.3%

DTE Energy stock opened at $136.41 on Friday. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.71 and a quick ratio of 0.46. DTE Energy has a fifty-two week low of $108.40 and a fifty-two week high of $140.39. The firm has a fifty day moving average price of $134.80 and a two-hundred day moving average price of $127.74. The firm has a market cap of $28.31 billion, a price-to-earnings ratio of 20.15, a P/E/G ratio of 2.41 and a beta of 0.47.

DTE Energy (NYSE:DTE) last announced its quarterly earnings data on Thursday, May 1st. The utilities provider reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.12. The business had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $3.33 billion. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. During the same quarter last year, the company posted $1.67 earnings per share. As a group, analysts forecast that DTE Energy will post 7.18 earnings per share for the current year.

DTE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 16th will be given a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date is Monday, June 16th. DTE Energy’s dividend payout ratio is currently 58.92%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on DTE shares. Evercore ISI lifted their price target on shares of DTE Energy from $136.00 to $145.00 and gave the stock an “outperform” rating in a research note on Friday, May 2nd. Morgan Stanley lowered their target price on DTE Energy from $136.00 to $134.00 and set an “overweight” rating for the company in a research note on Thursday. Wall Street Zen cut DTE Energy from a “hold” rating to a “sell” rating in a research note on Friday, May 16th. Citigroup raised their price objective on DTE Energy from $142.00 to $151.00 and gave the company a “buy” rating in a research note on Friday. Finally, Guggenheim upped their target price on DTE Energy from $139.00 to $147.00 and gave the company a “buy” rating in a research report on Friday, March 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, DTE Energy has an average rating of “Moderate Buy” and a consensus price target of $140.93.

DTE Energy Company Profile

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets.