Natixis Advisors L.P. Raises Stock Position in DTE Energy (NYSE:DTE)

Natixis Advisors L.P. raised its stake in shares of DTE Energy (NYSE:DTE) by 59.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 194,531 shares of the utilities provider’s stock after buying an additional 72,889 shares during the period. Natixis Advisors L.P. owned about 0.09% of DTE Energy worth $21,449,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ameriprise Financial Inc. lifted its holdings in DTE Energy by 16.4% in the third quarter. Ameriprise Financial Inc. now owns 5,130,348 shares of the utilities provider’s stock valued at $509,081,000 after acquiring an additional 724,561 shares during the period. Invesco Ltd. grew its position in DTE Energy by 6.6% during the third quarter. Invesco Ltd. now owns 2,229,189 shares of the utilities provider’s stock valued at $221,314,000 after buying an additional 137,960 shares during the period. Northern Trust Corp increased its holdings in DTE Energy by 1.5% during the third quarter. Northern Trust Corp now owns 1,923,222 shares of the utilities provider’s stock valued at $190,937,000 after buying an additional 27,891 shares during the last quarter. California Public Employees Retirement System increased its holdings in DTE Energy by 0.8% during the fourth quarter. California Public Employees Retirement System now owns 1,242,920 shares of the utilities provider’s stock valued at $137,044,000 after buying an additional 9,944 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in DTE Energy by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,180,851 shares of the utilities provider’s stock worth $117,235,000 after acquiring an additional 8,783 shares during the period. 76.06% of the stock is owned by institutional investors.

DTE Energy Stock Up 0.8 %

Shares of DTE Energy stock opened at $112.75 on Monday. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.75 and a quick ratio of 0.54. The stock has a market cap of $23.33 billion, a price-to-earnings ratio of 18.45, a PEG ratio of 2.81 and a beta of 0.64. The firm’s 50-day moving average is $109.49 and its two-hundred day moving average is $106.75. DTE Energy has a 1 year low of $90.14 and a 1 year high of $116.73.

DTE Energy (NYSE:DTE) last released its quarterly earnings data on Thursday, April 25th. The utilities provider reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.04). The business had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.81 billion. DTE Energy had a net margin of 10.36% and a return on equity of 11.53%. As a group, research analysts expect that DTE Energy will post 6.69 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, June 17th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date is Monday, June 17th. DTE Energy’s payout ratio is currently 66.78%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Wolfe Research cut DTE Energy from an “outperform” rating to a “peer perform” rating in a report on Tuesday, January 16th. Barclays raised their target price on shares of DTE Energy from $115.00 to $119.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. Scotiabank lowered their price objective on DTE Energy from $129.00 to $120.00 and set a “sector outperform” rating on the stock in a research report on Monday, April 22nd. JPMorgan Chase & Co. boosted their target price on shares of DTE Energy from $118.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Finally, TheStreet raised shares of DTE Energy from a “c+” rating to a “b-” rating in a research note on Friday, March 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $115.50.

Insider Buying and Selling at DTE Energy

In other DTE Energy news, SVP Joann Chavez sold 6,070 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $109.19, for a total transaction of $662,783.30. Following the completion of the sale, the senior vice president now directly owns 16,667 shares of the company’s stock, valued at $1,819,869.73. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other DTE Energy news, COO Matthew T. Paul sold 5,850 shares of DTE Energy stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $106.92, for a total value of $625,482.00. Following the transaction, the chief operating officer now directly owns 6,951 shares of the company’s stock, valued at $743,200.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Joann Chavez sold 6,070 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $109.19, for a total value of $662,783.30. Following the transaction, the senior vice president now owns 16,667 shares in the company, valued at $1,819,869.73. The disclosure for this sale can be found here. Insiders have sold 20,095 shares of company stock worth $2,168,183 over the last quarter. Insiders own 0.28% of the company’s stock.

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.