BNP Paribas Financial Markets Has $70.56 Million Stock Position in DTE Energy Company $DTE

Key Points

• BNP Paribas Financial Markets increased its stake in DTE Energy by 33.3% in Q1, owning 510,321 shares valued at approximately $70.56 million by the end of the quarter.
• Several large investors made significant changes to their positions in DTE Energy during the first quarter, with GAMMA Investing LLC boosting its holdings by an astonishing 14,878.4%.
• DTE Energy has announced a quarterly dividend of $1.09 per share, representing an annualized dividend yield of 3.2%, with a payout ratio of 62.73%.

BNP Paribas Financial Markets increased its holdings in DTE Energy Company (NYSE:DTE - Free Report) by 33.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 510,321 shares of the utilities provider's stock after buying an additional 127,543 shares during the quarter. BNP Paribas Financial Markets owned about 0.25% of DTE Energy worth $70,562,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Graypoint LLC grew its position in DTE Energy by 3.8% in the 1st quarter. Graypoint LLC now owns 2,021 shares of the utilities provider's stock valued at $279,000 after buying an additional 74 shares in the last quarter. UMB Bank n.a. grew its position in DTE Energy by 0.9% in the 1st quarter. UMB Bank n.a. now owns 9,041 shares of the utilities provider's stock valued at $1,250,000 after buying an additional 78 shares in the last quarter. OneDigital Investment Advisors LLC boosted its stake in DTE Energy by 2.0% during the 1st quarter. OneDigital Investment Advisors LLC now owns 3,918 shares of the utilities provider's stock valued at $542,000 after purchasing an additional 78 shares in the last quarter. Stephens Inc. AR boosted its stake in DTE Energy by 1.8% during the 1st quarter. Stephens Inc. AR now owns 4,555 shares of the utilities provider's stock valued at $630,000 after purchasing an additional 81 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in DTE Energy by 1.2% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 6,721 shares of the utilities provider's stock valued at $929,000 after purchasing an additional 82 shares in the last quarter. Institutional investors own 76.06% of the company's stock.

Insider Transactions at DTE Energy

In other DTE Energy news, VP Lisa A. Muschong sold 1,600 shares of the business's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $140.53, for a total value of $224,848.00. Following the completion of the sale, the vice president owned 4,153 shares of the company's stock, valued at $583,621.09. The trade was a 27.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.33% of the stock is owned by company insiders.

Analyst Ratings Changes

DTE has been the subject of several research reports. Morgan Stanley set a $140.00 price objective on shares of DTE Energy and gave the company an "overweight" rating in a research report on Thursday, August 21st. Citigroup reiterated a "buy" rating and issued a $151.00 target price (up from $142.00) on shares of DTE Energy in a report on Friday, May 23rd. Wall Street Zen cut shares of DTE Energy from a "hold" rating to a "sell" rating in a report on Monday, August 25th. BMO Capital Markets raised their target price on shares of DTE Energy from $140.00 to $144.00 and gave the stock a "market perform" rating in a report on Monday, August 25th. Finally, Barclays raised their target price on shares of DTE Energy from $136.00 to $138.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 15th. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $143.38.

DTE Energy Stock Up 0.3%

DTE traded up $0.46 during trading on Thursday, reaching $135.95. 387,247 shares of the stock traded hands, compared to its average volume of 1,365,303. The stock has a market cap of $28.22 billion, a price-to-earnings ratio of 19.56, a price-to-earnings-growth ratio of 2.71 and a beta of 0.42. DTE Energy Company has a fifty-two week low of $115.59 and a fifty-two week high of $142.05. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.94 and a quick ratio of 0.57. The stock's 50-day simple moving average is $136.59 and its two-hundred day simple moving average is $134.95.

DTE Energy (NYSE:DTE - Get Free Report) last posted its earnings results on Tuesday, July 29th. The utilities provider reported $1.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.37 by ($0.01). The business had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.67 billion. DTE Energy had a net margin of 10.16% and a return on equity of 12.72%. As a group, equities research analysts expect that DTE Energy Company will post 7.18 EPS for the current year.

DTE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be paid a $1.09 dividend. The ex-dividend date is Monday, September 15th. This represents a $4.36 dividend on an annualized basis and a yield of 3.2%. DTE Energy's payout ratio is 62.73%.

DTE Energy 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.