National Bank of Canada FI Has $10.62 Million Holdings in DTE Energy (NYSE:DTE)

National Bank of Canada FI trimmed its stake in DTE Energy (NYSE:DTE) by 73.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 95,261 shares of the utilities provider’s stock after selling 268,579 shares during the period. National Bank of Canada FI’s holdings in DTE Energy were worth $10,615,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. MV Capital Management Inc. lifted its stake in shares of DTE Energy by 104.4% in the fourth quarter. MV Capital Management Inc. now owns 280 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 143 shares during the period. Milestone Investment Advisors LLC bought a new position in DTE Energy during the third quarter worth $36,000. Authentikos Wealth Advisory LLC bought a new stake in DTE Energy during the third quarter valued at $43,000. Cullen Frost Bankers Inc. grew its holdings in DTE Energy by 17.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 702 shares of the utilities provider’s stock worth $70,000 after acquiring an additional 102 shares during the period. Finally, Hexagon Capital Partners LLC raised its position in shares of DTE Energy by 533.6% in the 4th quarter. Hexagon Capital Partners LLC now owns 773 shares of the utilities provider’s stock worth $85,000 after acquiring an additional 651 shares in the last quarter. 76.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DTE has been the subject of several recent analyst reports. BMO Capital Markets raised their target price on DTE Energy from $111.00 to $113.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 17th. Wolfe Research lowered shares of DTE Energy from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, January 16th. Barclays increased 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. Guggenheim lowered shares of DTE Energy from a “buy” rating to a “neutral” rating and set a $111.00 price objective on the stock. in a report on Monday, January 22nd. Finally, JPMorgan Chase & Co. raised their target price on DTE Energy from $118.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $115.50.

Insider Activity at DTE Energy

In other DTE Energy news, SVP Joann Chavez sold 6,070 shares of the company’s stock in a transaction dated 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 directly owns 16,667 shares in the company, valued at approximately $1,819,869.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Joann Chavez sold 6,070 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $109.19, for a total value of $662,783.30. Following the completion of the transaction, the senior vice president now directly owns 16,667 shares in the company, valued at $1,819,869.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Matthew T. Paul sold 5,850 shares of the 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 completion of the transaction, the chief operating officer now directly owns 6,951 shares in the company, valued at approximately $743,200.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,095 shares of company stock valued at $2,168,183. Company insiders own 0.61% of the company’s stock.

DTE Energy Stock Up 1.2 %

DTE stock opened at $114.73 on Thursday. DTE Energy has a fifty-two week low of $90.14 and a fifty-two week high of $116.73. The stock has a fifty day moving average of $109.74 and a 200-day moving average of $106.98. The company has a market capitalization of $23.74 billion, a price-to-earnings ratio of 18.78, a PEG ratio of 2.81 and a beta of 0.64. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.54 and a current ratio of 0.75.

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

DTE Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, June 17th will be issued a $1.02 dividend. The ex-dividend date is Monday, June 17th. This represents a $4.08 annualized dividend and a dividend yield of 3.56%. DTE Energy’s payout ratio is currently 66.78%.

DTE Energy Company 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.