Amundi Pioneer Asset Management Inc. bought a new position in DTE Energy Co (NYSE:DTE) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 70,192 shares of the utilities provider’s stock, valued at approximately $7,683,000.
A number of other institutional investors have also recently made changes to their positions in DTE. Boston Partners bought a new position in DTE Energy in the 4th quarter worth about $156,376,000. BlackRock Inc. boosted its stake in DTE Energy by 3.2% in the 4th quarter. BlackRock Inc. now owns 15,036,122 shares of the utilities provider’s stock worth $1,645,854,000 after purchasing an additional 460,371 shares in the last quarter. Duff & Phelps Investment Management Co. boosted its stake in DTE Energy by 25.8% in the 4th quarter. Duff & Phelps Investment Management Co. now owns 1,290,325 shares of the utilities provider’s stock worth $141,239,000 after purchasing an additional 265,000 shares in the last quarter. Wells Fargo & Company MN boosted its stake in DTE Energy by 50.3% in the 4th quarter. Wells Fargo & Company MN now owns 512,627 shares of the utilities provider’s stock worth $56,113,000 after purchasing an additional 171,483 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in DTE Energy by 10.3% in the 3rd quarter. Janus Henderson Group PLC now owns 1,815,093 shares of the utilities provider’s stock worth $194,869,000 after purchasing an additional 169,341 shares in the last quarter. Institutional investors own 68.43% of the company’s stock.
In other news, CEO Gerard M. Anderson sold 12,500 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $102.53, for a total value of $1,281,625.00. Following the transaction, the chief executive officer now owns 87,358 shares in the company, valued at approximately $8,956,815.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Lisa A. Muschong sold 1,341 shares of the stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $100.97, for a total transaction of $135,400.77. Following the completion of the transaction, the vice president now owns 2,676 shares in the company, valued at approximately $270,195.72. The disclosure for this sale can be found here. Insiders have sold a total of 21,521 shares of company stock worth $2,189,173 in the last 90 days. Company insiders own 0.53% of the company’s stock.
DTE Energy stock opened at $102.27 on Monday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.82 and a current ratio of 1.10. The stock has a market cap of $18,345.70, a PE ratio of 16.16, a price-to-earnings-growth ratio of 2.94 and a beta of 0.19. DTE Energy Co has a one year low of $97.66 and a one year high of $116.74.
DTE Energy (NYSE:DTE) last posted its earnings results on Friday, February 16th. The utilities provider reported $1.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.07. The business had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $2.17 billion. DTE Energy had a net margin of 8.99% and a return on equity of 10.24%. During the same quarter in the prior year, the business earned $0.81 EPS. equities research analysts forecast that DTE Energy Co will post 5.81 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Sunday, April 15th. Shareholders of record on Monday, March 19th will be paid a dividend of $0.8825 per share. This represents a $3.53 annualized dividend and a yield of 3.45%. The ex-dividend date of this dividend is Friday, March 16th. DTE Energy’s dividend payout ratio is currently 55.77%.
A number of brokerages recently issued reports on DTE. Credit Suisse Group reiterated a “neutral” rating and issued a $107.00 price target (up previously from $106.00) on shares of DTE Energy in a research note on Tuesday, February 20th. UBS began coverage on shares of DTE Energy in a research note on Friday, February 2nd. They issued a “neutral” rating and a $108.00 price target on the stock. KeyCorp reiterated a “buy” rating and issued a $107.00 price target on shares of DTE Energy in a research note on Thursday. Zacks Investment Research cut shares of DTE Energy from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Finally, Bank of America upped their price target on shares of DTE Energy from $101.00 to $104.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 20th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $110.40.
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About DTE Energy
DTE Energy Company is an energy company. Its segments include Electric, which consists of DTE Electric Company, which is engaged in the generation, purchase, distribution and sale of electricity to residential, commercial and industrial customers in southeastern Michigan; Gas, which consists of DTE Gas Company, which is engaged in the purchase, storage, transportation, distribution and sale of natural gas to residential, commercial and industrial customers throughout Michigan; Gas Storage and Pipelines, which consists of natural gas pipeline, gathering and storage businesses; Power and Industrial Projects, which consists of projects that deliver energy and utility-type products and services to industrial, commercial and institutional customers, and sell electricity from renewable energy projects; Energy Trading, which consists of energy marketing and trading operations, and Corporate and Other, which includes various holding company activities and holds certain non-utility debt.
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