Mitsubishi UFJ Asset Management Co. Ltd. Acquires 18,752 Shares of DTE Energy (NYSE:DTE)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in DTE Energy (NYSE:DTE - Free Report) by 6.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 327,959 shares of the utilities provider's stock after purchasing an additional 18,752 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.16% of DTE Energy worth $39,873,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of DTE. Vanguard Group Inc. increased its stake in shares of DTE Energy by 3.6% during the 4th quarter. Vanguard Group Inc. now owns 25,286,380 shares of the utilities provider's stock worth $3,053,330,000 after purchasing an additional 879,670 shares during the last quarter. State Street Corp increased its holdings in shares of DTE Energy by 7.0% in the third quarter. State Street Corp now owns 10,193,572 shares of the utilities provider's stock valued at $1,319,264,000 after purchasing an additional 662,569 shares during the last quarter. Boston Partners raised its position in shares of DTE Energy by 25.1% in the fourth quarter. Boston Partners now owns 2,899,823 shares of the utilities provider's stock valued at $350,150,000 after purchasing an additional 582,643 shares during the period. Zimmer Partners LP acquired a new stake in shares of DTE Energy during the 3rd quarter worth about $69,894,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of DTE Energy during the 3rd quarter worth about $66,733,000. Institutional investors and hedge funds own 76.06% of the company's stock.

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DTE Energy Trading Up 1.3 %

DTE Energy stock traded up $1.78 during trading hours on Thursday, reaching $139.78. 463,025 shares of the company's stock were exchanged, compared to its average volume of 1,286,654. The firm has a market capitalization of $29.01 billion, a PE ratio of 20.65, a PEG ratio of 2.41 and a beta of 0.59. The company has a quick ratio of 0.46, a current ratio of 0.71 and a debt-to-equity ratio of 1.77. The firm's 50 day simple moving average is $129.78 and its 200 day simple moving average is $125.53. DTE Energy has a twelve month low of $103.06 and a twelve month high of $140.09.

DTE Energy (NYSE:DTE - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.51 EPS for the quarter, beating the consensus estimate of $1.50 by $0.01. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. Research analysts predict 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, April 15th. Stockholders of record on Monday, March 17th will be paid a $1.09 dividend. This represents a $4.36 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Monday, March 17th. DTE Energy's dividend payout ratio (DPR) is presently 64.40%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on DTE shares. BMO Capital Markets increased their price target on shares of DTE Energy from $125.00 to $135.00 and gave the company a "market perform" rating in a report on Tuesday, February 18th. KeyCorp cut DTE Energy from an "overweight" rating to a "sector weight" rating in a report on Wednesday, December 4th. Morgan Stanley boosted their price target on DTE Energy from $131.00 to $136.00 and gave the company an "overweight" rating in a research note on Thursday, March 20th. Guggenheim lifted their target price on DTE Energy from $139.00 to $147.00 and gave the stock a "buy" rating in a report on Friday, March 21st. Finally, StockNews.com raised shares of DTE Energy from a "sell" rating to a "hold" rating in a research report on Friday, February 21st. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, DTE Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $138.58.

Insider Activity at DTE Energy

In other DTE Energy news, SVP Joann Chavez sold 7,062 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $132.40, for a total value of $935,008.80. Following the completion of the sale, the senior vice president now directly owns 14,067 shares of the company's stock, valued at approximately $1,862,470.80. This represents a 33.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Matthew T. Paul sold 3,801 shares of DTE Energy stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $129.56, for a total transaction of $492,457.56. Following the transaction, the chief operating officer now directly owns 6,951 shares in the company, valued at approximately $900,571.56. This represents a 35.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,877 shares of company stock valued at $1,559,205 over the last 90 days. Insiders own 0.33% of the company's stock.

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.