Natixis Advisors LLC Acquires 2,409 Shares of DTE Energy (NYSE:DTE)

Natixis Advisors LLC lifted its holdings in shares of DTE Energy (NYSE:DTE) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 101,431 shares of the utilities provider’s stock after purchasing an additional 2,409 shares during the quarter. Natixis Advisors LLC’s holdings in DTE Energy were worth $12,248,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. State Street Corp increased its position in DTE Energy by 7.0% during the third quarter. State Street Corp now owns 10,193,572 shares of the utilities provider’s stock worth $1,319,264,000 after buying an additional 662,569 shares during the last quarter. Zimmer Partners LP bought a new stake in shares of DTE Energy during the 3rd quarter worth about $69,894,000. Point72 Asset Management L.P. acquired a new position in shares of DTE Energy during the 3rd quarter valued at about $66,733,000. Raymond James Financial Inc. bought a new position in shares of DTE Energy in the 4th quarter valued at approximately $43,063,000. Finally, Nordea Investment Management AB boosted its position in DTE Energy by 2,235.2% during the fourth quarter. Nordea Investment Management AB now owns 221,237 shares of the utilities provider’s stock worth $26,706,000 after purchasing an additional 211,763 shares during the period. Institutional investors own 76.06% of the company’s stock.

DTE Energy Price Performance

Shares of DTE Energy stock opened at $136.29 on Thursday. The firm has a market cap of $28.24 billion, a P/E ratio of 20.13, a price-to-earnings-growth ratio of 2.41 and a beta of 0.59. The firm’s 50-day simple moving average is $126.71 and its 200-day simple moving average is $124.70. DTE Energy has a twelve month low of $103.06 and a twelve month high of $136.76. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71.

DTE Energy (NYSE:DTE) last released its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.01. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. As a group, research analysts expect that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be paid a dividend of $1.09 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $4.36 annualized dividend and a yield of 3.20%. DTE Energy’s dividend payout ratio is currently 64.40%.

Wall Street Analyst Weigh In

DTE has been the topic of a number of recent analyst reports. Guggenheim raised shares of DTE Energy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. BMO Capital Markets lifted their target price on shares of DTE Energy from $125.00 to $135.00 and gave the stock a “market perform” rating in a report on Tuesday, February 18th. Barclays cut shares of DTE Energy from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $137.00 to $135.00 in a report on Thursday, February 20th. KeyCorp lowered DTE Energy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Finally, Scotiabank increased their target price on DTE Energy from $137.00 to $147.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $137.09.

Insider Buying and Selling at DTE Energy

In other news, COO Matthew T. Paul sold 3,801 shares of DTE Energy stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $129.56, for a total value of $492,457.56. Following the completion of the transaction, the chief operating officer now owns 6,951 shares in the company, valued at approximately $900,571.56. The trade was a 35.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Tracy J. Myrick sold 1,014 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $129.92, for a total value of $131,738.88. Following the completion of the transaction, the chief accounting officer now directly owns 3,437 shares in the company, valued at $446,535.04. The trade was a 22.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,877 shares of company stock valued at $1,559,205. 0.61% of the stock is currently owned by company 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.