Sumitomo Mitsui Trust Group Inc. Has $60.11 Million Holdings in DTE Energy (NYSE:DTE)

Sumitomo Mitsui Trust Group Inc. lifted its position in shares of DTE Energy (NYSE:DTE) by 8.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 497,810 shares of the utilities provider’s stock after purchasing an additional 37,124 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.24% of DTE Energy worth $60,111,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new stake in DTE Energy during the 3rd quarter valued at $30,000. Ashton Thomas Securities LLC acquired a new position in shares of DTE Energy during the third quarter valued at about $35,000. Prospera Private Wealth LLC bought a new stake in shares of DTE Energy during the third quarter worth about $35,000. Versant Capital Management Inc raised its holdings in shares of DTE Energy by 890.0% in the 4th quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 267 shares during the last quarter. Finally, Coastline Trust Co bought a new position in DTE Energy in the 3rd quarter valued at about $39,000. 76.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on DTE. Jefferies Financial Group started coverage on DTE Energy in a report on Monday, October 21st. They set a “hold” rating and a $137.00 price objective for the company. StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a report on Friday, January 24th. BMO Capital Markets increased their price target on DTE Energy from $135.00 to $140.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Guggenheim raised shares of DTE Energy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, KeyCorp downgraded shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, DTE Energy currently has an average rating of “Moderate Buy” and an average target price of $136.25.

DTE Energy Stock Performance

Shares of DTE stock opened at $122.68 on Monday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.83. The firm has a market cap of $25.41 billion, a price-to-earnings ratio of 16.62, a P/E/G ratio of 2.25 and a beta of 0.68. DTE Energy has a 52 week low of $102.78 and a 52 week high of $131.66. The firm’s 50-day simple moving average is $120.91 and its two-hundred day simple moving average is $122.81.

DTE Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 17th will be issued a $1.09 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.55%. DTE Energy’s dividend payout ratio (DPR) is presently 59.08%.

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.