DTE Energy (NYSE:DTE) Holdings Lifted by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board grew its position in DTE Energy (NYSE:DTE) by 196.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,878 shares of the utilities provider’s stock after purchasing an additional 4,559 shares during the period. Ontario Teachers Pension Plan Board’s holdings in DTE Energy were worth $771,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of DTE. Boston Partners grew its position in DTE Energy by 66.8% in the 4th quarter. Boston Partners now owns 2,542,081 shares of the utilities provider’s stock worth $280,247,000 after purchasing an additional 1,018,212 shares during the last quarter. Point72 Asset Management L.P. bought a new position in DTE Energy in the 4th quarter worth about $74,478,000. Capital Research Global Investors grew its position in DTE Energy by 1.9% in the 4th quarter. Capital Research Global Investors now owns 20,933,030 shares of the utilities provider’s stock worth $2,308,076,000 after purchasing an additional 399,646 shares during the last quarter. Balyasny Asset Management L.P. grew its position in DTE Energy by 109.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 555,072 shares of the utilities provider’s stock worth $61,202,000 after purchasing an additional 289,663 shares during the last quarter. Finally, UBS Group AG boosted its holdings in shares of DTE Energy by 108.3% in the fourth quarter. UBS Group AG now owns 275,295 shares of the utilities provider’s stock valued at $30,354,000 after acquiring an additional 143,112 shares in the last quarter. Institutional investors own 76.06% of the company’s stock.

DTE Energy Price Performance

DTE stock traded up $1.12 on Monday, hitting $117.21. 760,917 shares of the company’s stock traded hands, compared to its average volume of 1,102,869. DTE Energy has a 1-year low of $90.14 and a 1-year high of $118.58. The stock has a market cap of $24.26 billion, a price-to-earnings ratio of 19.18, a P/E/G ratio of 2.12 and a beta of 0.66. The stock has a fifty day moving average of $112.90 and a 200-day moving average of $110.09. The company has a current ratio of 0.75, a quick ratio of 0.54 and a debt-to-equity ratio of 1.72.

DTE Energy (NYSE:DTE) last issued its quarterly earnings results on Thursday, April 25th. The utilities provider reported $1.67 EPS for the quarter, missing the consensus estimate of $1.71 by ($0.04). The firm had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.81 billion. DTE Energy had a net margin of 10.36% and a return on equity of 11.53%. On average, analysts forecast that DTE Energy will post 6.69 EPS for the current fiscal year.

DTE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 16th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $4.08 annualized dividend and a dividend yield of 3.48%. DTE Energy’s dividend payout ratio (DPR) is 66.78%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on DTE shares. BMO Capital Markets increased their price objective on shares of DTE Energy from $120.00 to $123.00 and gave the company a “market perform” rating in a report on Monday, July 15th. Morgan Stanley decreased their price objective on shares of DTE Energy from $116.00 to $111.00 and set an “overweight” rating for the company in a report on Monday, June 24th. Scotiabank decreased their price objective on shares of DTE Energy from $129.00 to $120.00 and set a “sector outperform” rating for the company in a report on Monday, April 22nd. Barclays increased their price objective on shares of DTE Energy from $115.00 to $119.00 and gave the company an “overweight” rating in a report on Tuesday, April 30th. Finally, KeyCorp increased their price objective on shares of DTE Energy from $117.00 to $125.00 and gave the company an “overweight” rating in a report on Monday, May 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $116.78.

Insider Transactions at DTE Energy

In other news, COO Mark W. Stiers sold 10,000 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $116.00, for a total transaction of $1,160,000.00. Following the transaction, the chief operating officer now owns 41,921 shares in the company, valued at approximately $4,862,836. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, VP Lisa A. Muschong sold 1,198 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $116.61, for a total value of $139,698.78. Following the transaction, the vice president now directly owns 4,271 shares in the company, valued at approximately $498,041.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Mark W. Stiers sold 10,000 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $116.00, for a total transaction of $1,160,000.00. Following the completion of the transaction, the chief operating officer now owns 41,921 shares in the company, valued at $4,862,836. The disclosure for this sale can be found here. Insiders have sold a total of 14,698 shares of company stock worth $1,702,444 in the last 90 days. 0.61% of the stock is owned by insiders.

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.