Robeco Institutional Asset Management B.V. Increases Stake in DTE Energy Company (NYSE:DTE)

Robeco Institutional Asset Management B.V. grew its stake in DTE Energy Company (NYSE:DTE) by 1,066.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 210,728 shares of the utilities provider’s stock after buying an additional 192,656 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.10% of DTE Energy worth $29,137,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mattson Financial Services LLC purchased a new position in shares of DTE Energy in the 4th quarter valued at about $38,000. Bank of New Hampshire purchased a new stake in DTE Energy during the first quarter worth approximately $55,000. Colonial Trust Co SC lifted its stake in DTE Energy by 1,266.7% during the fourth quarter. Colonial Trust Co SC now owns 656 shares of the utilities provider’s stock worth $79,000 after purchasing an additional 608 shares during the last quarter. Flagship Wealth Advisors LLC purchased a new stake in DTE Energy during the fourth quarter worth approximately $87,000. Finally, Optiver Holding B.V. lifted its stake in DTE Energy by 82.1% during the fourth quarter. Optiver Holding B.V. now owns 785 shares of the utilities provider’s stock worth $95,000 after purchasing an additional 354 shares during the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

DTE Energy Trading Up 0.1%

NYSE:DTE opened at $131.65 on Friday. The firm has a market cap of $27.32 billion, a P/E ratio of 17.79, a PEG ratio of 2.39 and a beta of 0.45. The company has a current ratio of 0.87, a quick ratio of 0.59 and a debt-to-equity ratio of 1.82. The stock’s 50 day simple moving average is $134.99 and its 200-day simple moving average is $129.79. DTE Energy Company has a 12-month low of $108.40 and a 12-month high of $140.39.

DTE Energy (NYSE:DTE) last released its earnings results on Thursday, May 1st. The utilities provider reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.12. The business had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.33 billion. DTE Energy had a return on equity of 13.00% and a net margin of 11.25%. During the same quarter in the previous year, the company posted $1.67 earnings per share. Equities analysts anticipate that DTE Energy Company will post 7.18 EPS for the current year.

DTE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be paid a $1.09 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.31%. DTE Energy’s dividend payout ratio (DPR) is presently 58.92%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. BMO Capital Markets boosted their target price on DTE Energy from $135.00 to $142.00 and gave the stock a “market perform” rating in a research note on Monday, April 21st. Morgan Stanley decreased 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, May 22nd. Evercore ISI boosted their target price on DTE Energy from $136.00 to $145.00 and gave the stock an “outperform” rating in a research note on Friday, May 2nd. Wells Fargo & Company boosted their target price on DTE Energy from $145.00 to $154.00 and gave the stock an “overweight” rating in a research note on Friday, May 2nd. Finally, Citigroup restated a “buy” rating and set a $151.00 target price (up previously from $142.00) on shares of DTE Energy in a research note on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, DTE Energy has an average rating of “Moderate Buy” and a consensus target price of $140.93.

About DTE Energy

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.