DTE Energy Company $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 holdings in DTE Energy Company (NYSE:DTE) by 5.8% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 856,033 shares of the utilities provider’s stock after buying an additional 47,172 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in DTE Energy were worth $130,434,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. New Mexico Educational Retirement Board grew its holdings in shares of DTE Energy by 7.3% during the second quarter. New Mexico Educational Retirement Board now owns 10,296 shares of the utilities provider’s stock worth $1,569,000 after buying an additional 700 shares during the last quarter. Mufg Securities Americas Inc. raised its stake in DTE Energy by 9.0% during the 2nd quarter. Mufg Securities Americas Inc. now owns 6,266 shares of the utilities provider’s stock valued at $955,000 after acquiring an additional 519 shares during the last quarter. Van ECK Associates Corp lifted its position in DTE Energy by 139.8% during the 2nd quarter. Van ECK Associates Corp now owns 3,458 shares of the utilities provider’s stock worth $527,000 after acquiring an additional 2,016 shares during the period. Nissay Asset Management Corp Japan lifted its position in DTE Energy by 3.8% during the 2nd quarter. Nissay Asset Management Corp Japan now owns 28,065 shares of the utilities provider’s stock worth $4,276,000 after acquiring an additional 1,031 shares during the period. Finally, Hsbc Holdings PLC grew its stake in shares of DTE Energy by 25.1% in the 2nd quarter. Hsbc Holdings PLC now owns 739,633 shares of the utilities provider’s stock valued at $112,913,000 after purchasing an additional 148,496 shares during the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Stock Up 0.3%

DTE Energy stock opened at $136.04 on Wednesday. The stock’s 50 day moving average price is $144.49 and its 200 day moving average price is $145.33. DTE Energy Company has a 1-year low of $126.23 and a 1-year high of $155.74. The company has a market cap of $28.31 billion, a PE ratio of 21.53, a price-to-earnings-growth ratio of 2.95 and a beta of 0.37. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.80 and a quick ratio of 0.53.

DTE Energy (NYSE:DTE) last released its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.18. DTE Energy had a return on equity of 12.19% and a net margin of 8.00%.The firm had revenue of $6.74 billion during the quarter, compared to analysts’ expectations of $3.36 billion. During the same quarter in the prior year, the business posted $1.36 earnings per share. On average, sell-side analysts predict that DTE Energy Company will post 7.71 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Monday, September 21st will be paid a $1.165 dividend. The ex-dividend date is Monday, September 21st. This represents a $4.66 annualized dividend and a dividend yield of 3.4%. DTE Energy’s dividend payout ratio (DPR) is 73.73%.

Analyst Ratings Changes

Several equities research analysts have recently commented on DTE shares. Wall Street Zen cut DTE Energy from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. BMO Capital Markets lowered their price objective on shares of DTE Energy from $150.00 to $143.00 and set a “market perform” rating on the stock in a research report on Friday, August 28th. Wells Fargo & Company restated an “overweight” rating and set a $165.00 price objective on shares of DTE Energy in a research report on Monday, June 15th. JPMorgan Chase & Co. raised their target price on shares of DTE Energy from $155.00 to $162.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Finally, Weiss Ratings upgraded shares of DTE Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $157.00.

About DTE Energy

DTE Energy is an integrated energy company headquartered in Detroit, Michigan, that combines regulated utility operations with non-utility energy businesses. Its regulated subsidiaries operate electric and natural gas utility services that deliver generation, transmission and distribution to residential, commercial and industrial customers. The company’s utility segment focuses on maintaining and upgrading energy delivery infrastructure, ensuring reliable service and meeting regulatory requirements in its service territory.

Beyond its regulated utilities, DTE Energy operates non-utility businesses that develop, own and operate power generation and energy-related projects.