Northern Trust Corp Buys 81,935 Shares of DTE Energy (NYSE:DTE)

Northern Trust Corp boosted its stake in shares of DTE Energy (NYSE:DTE - Free Report) by 4.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,827,168 shares of the utilities provider's stock after purchasing an additional 81,935 shares during the quarter. Northern Trust Corp owned about 0.88% of DTE Energy worth $220,631,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DTE. Vanguard Group Inc. boosted its holdings in shares of DTE Energy by 3.6% during the 4th quarter. Vanguard Group Inc. now owns 25,286,380 shares of the utilities provider's stock worth $3,053,330,000 after buying an additional 879,670 shares during the period. Capital World Investors boosted its holdings in DTE Energy by 123.2% during the fourth quarter. Capital World Investors now owns 6,823,231 shares of the utilities provider's stock valued at $823,905,000 after acquiring an additional 3,766,221 shares during the period. Geode Capital Management LLC boosted its holdings in DTE Energy by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 4,920,971 shares of the utilities provider's stock valued at $592,642,000 after acquiring an additional 115,270 shares during the period. Boston Partners grew its position in shares of DTE Energy by 25.1% in the fourth quarter. Boston Partners now owns 2,899,823 shares of the utilities provider's stock valued at $350,150,000 after purchasing an additional 582,643 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of DTE Energy by 50.2% in the fourth quarter. Invesco Ltd. now owns 2,462,592 shares of the utilities provider's stock worth $297,358,000 after purchasing an additional 822,854 shares during the period. Institutional investors and hedge funds own 76.06% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on DTE. BMO Capital Markets raised their target price on DTE Energy from $135.00 to $142.00 and gave the company a "market perform" rating in a report on Monday, April 21st. Morgan Stanley raised their price objective on shares of DTE Energy from $131.00 to $136.00 and gave the stock an "overweight" rating in a research note on Thursday, March 20th. Guggenheim upped their target price on shares of DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a research note on Friday, March 21st. StockNews.com raised shares of DTE Energy from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Finally, Barclays downgraded shares of DTE Energy from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $137.00 to $135.00 in a report on Thursday, February 20th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, DTE Energy presently has an average rating of "Moderate Buy" and an average price target of $140.31.

DTE Energy Price Performance

DTE traded up $0.46 during midday trading on Monday, reaching $136.82. 1,385,850 shares of the company's stock were exchanged, compared to its average volume of 1,211,694. The company has a quick ratio of 0.46, a current ratio of 0.71 and a debt-to-equity ratio of 1.77. The business has a 50-day simple moving average of $133.83 and a two-hundred day simple moving average of $126.69. The firm has a market capitalization of $28.39 billion, a price-to-earnings ratio of 20.21, a price-to-earnings-growth ratio of 2.41 and a beta of 0.49. DTE Energy has a one year low of $108.40 and a one year high of $140.39.

DTE Energy (NYSE:DTE - Get Free Report) last posted its earnings results on Thursday, May 1st. The utilities provider reported $2.10 EPS for the quarter, topping the consensus estimate of $1.98 by $0.12. The business had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.33 billion. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. During the same quarter last year, the company earned $1.67 EPS. As a group, research analysts predict that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 17th were issued a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 3.19%. The ex-dividend date was Monday, March 17th. DTE Energy's dividend payout ratio is currently 64.40%.

Insider Activity at DTE Energy

In related news, COO Matthew T. Paul sold 3,801 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $129.56, for a total transaction of $492,457.56. Following the sale, the chief operating officer now directly owns 6,951 shares in the company, valued at $900,571.56. This represents a 35.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Tracy J. Myrick sold 1,014 shares of the firm's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $129.92, for a total value of $131,738.88. Following the sale, the chief accounting officer now directly owns 3,437 shares of the company's stock, valued at $446,535.04. This represents a 22.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,877 shares of company stock valued at $1,559,205 in the last ninety days. Insiders own 0.33% 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.