Johnson Investment Counsel Inc. Acquires 1,009 Shares of DTE Energy Company (NYSE:DTE)

Johnson Investment Counsel Inc. lifted its holdings in shares of DTE Energy Company (NYSE:DTE) by 12.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 9,307 shares of the utilities provider’s stock after acquiring an additional 1,009 shares during the period. Johnson Investment Counsel Inc.’s holdings in DTE Energy were worth $1,287,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in DTE. UMB Bank n.a. lifted its stake in DTE Energy by 0.9% during the first quarter. UMB Bank n.a. now owns 9,041 shares of the utilities provider’s stock worth $1,250,000 after purchasing an additional 78 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of DTE Energy by 8.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,205 shares of the utilities provider’s stock worth $146,000 after buying an additional 90 shares in the last quarter. My Legacy Advisors LLC lifted its position in shares of DTE Energy by 2.4% during the 1st quarter. My Legacy Advisors LLC now owns 4,132 shares of the utilities provider’s stock worth $571,000 after buying an additional 95 shares during the period. Bernard Wealth Management Corp. boosted its stake in DTE Energy by 1.0% in the 1st quarter. Bernard Wealth Management Corp. now owns 10,190 shares of the utilities provider’s stock valued at $1,409,000 after buying an additional 101 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. grew its position in DTE Energy by 0.4% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 27,281 shares of the utilities provider’s stock valued at $3,294,000 after acquiring an additional 110 shares during the period. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on DTE shares. BMO Capital Markets lifted their price objective on DTE Energy from $135.00 to $142.00 and gave the company a “market perform” rating in a report on Monday, April 21st. Morgan Stanley decreased their price objective on shares of DTE Energy from $136.00 to $134.00 and set an “overweight” rating on the stock in a research note on Thursday, May 22nd. Wall Street Zen cut shares of DTE Energy from a “hold” rating to a “sell” rating in a research note on Friday, May 16th. Wells Fargo & Company increased their price target on DTE Energy from $145.00 to $154.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Finally, Evercore ISI raised their price target on DTE Energy from $136.00 to $145.00 and gave the company an “outperform” rating in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, DTE Energy currently has a consensus rating of “Moderate Buy” and an average price target of $140.93.

DTE Energy Stock Up 0.4%

DTE Energy stock opened at $132.30 on Friday. The company has a 50 day moving average of $135.06 and a 200-day moving average of $129.43. The company has a quick ratio of 0.59, a current ratio of 0.87 and a debt-to-equity ratio of 1.82. DTE Energy Company has a twelve month low of $108.40 and a twelve month high of $140.39. The stock has a market capitalization of $27.45 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 2.39 and a beta of 0.45.

DTE Energy (NYSE:DTE) last announced its earnings results on Thursday, May 1st. The utilities provider reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.12. DTE Energy had a net margin of 11.25% and a return on equity of 13.00%. The firm had revenue of $3.37 billion during the quarter, compared to analyst estimates of $3.33 billion. During the same period in the prior year, the business earned $1.67 EPS. On average, equities research analysts anticipate that DTE Energy Company will post 7.18 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be paid a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend is Monday, September 15th. DTE Energy’s payout ratio is 58.92%.

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.