Sumitomo Mitsui DS Asset Management Company Ltd Has $2.21 Million Stock Holdings in DTE Energy (NYSE:DTE)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in DTE Energy (NYSE:DTE) by 4.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 20,053 shares of the utilities provider’s stock after acquiring an additional 879 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in DTE Energy were worth $2,211,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. PBMares Wealth Management LLC boosted its position in shares of DTE Energy by 4.5% in the fourth quarter. PBMares Wealth Management LLC now owns 2,301 shares of the utilities provider’s stock worth $254,000 after buying an additional 100 shares during the period. Cullen Frost Bankers Inc. boosted its position in DTE Energy by 17.0% during the third quarter. Cullen Frost Bankers Inc. now owns 702 shares of the utilities provider’s stock valued at $70,000 after purchasing an additional 102 shares during the last quarter. Telemus Capital LLC boosted its position in DTE Energy by 3.1% during the third quarter. Telemus Capital LLC now owns 3,709 shares of the utilities provider’s stock valued at $368,000 after purchasing an additional 111 shares during the last quarter. ASB Consultores LLC boosted its position in DTE Energy by 5.6% during the third quarter. ASB Consultores LLC now owns 2,135 shares of the utilities provider’s stock valued at $212,000 after purchasing an additional 114 shares during the last quarter. Finally, Secure Asset Management LLC boosted its position in DTE Energy by 1.7% during the fourth quarter. Secure Asset Management LLC now owns 7,688 shares of the utilities provider’s stock valued at $848,000 after purchasing an additional 127 shares during the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

Analysts Set New Price Targets

DTE has been the subject of a number of research reports. Morgan Stanley lifted their price objective on DTE Energy from $108.00 to $109.00 and gave the company an “overweight” rating in a research report on Thursday, March 21st. Barclays lifted their price objective on DTE Energy from $112.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Wolfe Research lowered DTE Energy from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, January 16th. KeyCorp lifted their price objective on DTE Energy from $106.00 to $117.00 and gave the stock an “overweight” rating in a research note on Thursday, January 4th. Finally, Guggenheim lowered DTE Energy from a “buy” rating to a “neutral” rating and set a $111.00 price objective on the stock. in a research note on Monday, January 22nd. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $115.10.

DTE Energy Trading Up 1.3 %

Shares of DTE opened at $111.55 on Thursday. DTE Energy has a 12-month low of $90.14 and a 12-month high of $116.73. The company has a quick ratio of 0.42, a current ratio of 0.60 and a debt-to-equity ratio of 1.58. The firm has a market capitalization of $23.08 billion, a price-to-earnings ratio of 16.50, a P/E/G ratio of 2.74 and a beta of 0.64. The stock’s 50-day moving average price is $109.05 and its 200 day moving average price is $106.02.

DTE Energy (NYSE:DTE) last released its quarterly earnings data on Thursday, February 8th. The utilities provider reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.01. The company had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $4.97 billion. DTE Energy had a return on equity of 11.00% and a net margin of 10.96%. During the same period in the previous year, the business earned $1.31 earnings per share. As a group, research analysts predict that DTE Energy will post 6.71 earnings per share for the current year.

DTE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, March 18th were issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date was Friday, March 15th. DTE Energy’s payout ratio is 60.36%.

Insider Buying and Selling at DTE Energy

In other DTE Energy news, SVP Joann Chavez sold 6,070 shares of DTE Energy stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $109.19, for a total transaction of $662,783.30. Following the sale, the senior vice president now directly owns 16,667 shares of the company’s stock, valued at $1,819,869.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Joann Chavez sold 6,070 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $109.19, for a total value of $662,783.30. Following the transaction, the senior vice president now directly owns 16,667 shares of the company’s stock, valued at approximately $1,819,869.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Lisa A. Muschong sold 2,775 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $108.43, for a total value of $300,893.25. Following the completion of the transaction, the vice president now directly owns 5,469 shares in the company, valued at $593,003.67. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,095 shares of company stock valued at $2,168,183. 0.28% of the stock is currently owned by corporate insiders.

DTE Energy 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.