DTE Energy Company $DTE Stake Raised by Federation des caisses Desjardins du Quebec

Federation des caisses Desjardins du Quebec lifted its stake in shares of DTE Energy Company (NYSE:DTE - Free Report) by 93.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,471 shares of the utilities provider's stock after buying an additional 3,600 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in DTE Energy were worth $1,033,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Janus Henderson Group PLC boosted its holdings in DTE Energy by 0.5% in the fourth quarter. Janus Henderson Group PLC now owns 2,732,819 shares of the utilities provider's stock worth $329,988,000 after purchasing an additional 12,554 shares during the period. Northern Trust Corp boosted its holdings in DTE Energy by 0.5% in the first quarter. Northern Trust Corp now owns 1,836,832 shares of the utilities provider's stock worth $253,979,000 after purchasing an additional 9,664 shares during the period. JPMorgan Chase & Co. boosted its holdings in DTE Energy by 57.4% in the first quarter. JPMorgan Chase & Co. now owns 1,405,516 shares of the utilities provider's stock worth $194,341,000 after purchasing an additional 512,567 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in DTE Energy by 0.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,316,107 shares of the utilities provider's stock worth $181,978,000 after purchasing an additional 9,443 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in DTE Energy by 14,878.4% in the first quarter. GAMMA Investing LLC now owns 1,183,591 shares of the utilities provider's stock worth $163,655,000 after purchasing an additional 1,175,689 shares during the period. Institutional investors and hedge funds own 76.06% of the company's stock.

Insider Buying and Selling at DTE Energy

In related news, VP Lisa A. Muschong sold 1,600 shares of DTE Energy stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $140.53, for a total transaction of $224,848.00. Following the sale, the vice president directly owned 4,153 shares in the company, valued at $583,621.09. The trade was a 27.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.33% of the stock is currently owned by corporate insiders.

DTE Energy Stock Performance

Shares of NYSE DTE traded down $0.02 during midday trading on Friday, reaching $136.74. 940,281 shares of the company traded hands, compared to its average volume of 907,431. DTE Energy Company has a 52 week low of $115.59 and a 52 week high of $142.05. The stock has a 50-day moving average price of $137.23 and a 200 day moving average price of $135.18. 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 company has a market cap of $28.39 billion, a price-to-earnings ratio of 19.67, a PEG ratio of 2.72 and a beta of 0.42.

DTE Energy (NYSE:DTE - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The utilities provider reported $1.36 earnings per share for the quarter, missing analysts' consensus estimates of $1.37 by ($0.01). DTE Energy had a net margin of 10.16% and a return on equity of 12.72%. The company had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.67 billion. Sell-side analysts anticipate that DTE Energy Company will post 7.18 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have commented on DTE shares. Barclays lifted their price objective 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. BMO Capital Markets lifted their price objective 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. JPMorgan Chase & Co. lifted their price objective on shares of DTE Energy from $145.00 to $147.00 and gave the stock a "neutral" rating in a report on Tuesday, July 15th. Wall Street Zen raised shares of DTE Energy from a "sell" rating to a "hold" rating in a report on Saturday, September 6th. Finally, Citigroup reissued a "buy" rating and set a $151.00 price target (up previously from $142.00) on shares of DTE Energy in a report on Friday, May 23rd. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, DTE Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $144.25.

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.