DTE Energy Company $DTE Shares Bought by National Pension Service

Key Points

• The National Pension Service increased its holdings of DTE Energy by 1.7%, acquiring an additional 4,229 shares, bringing its total ownership to approximately 0.12% of the company, worth $35.18 million.
• DTE Energy's recent earnings report indicated a miss on EPS estimates, reporting $1.36 per share, which fell short of the anticipated $1.37.
• The company has announced a quarterly dividend of $1.09 per share, representing a yield of 3.1%, to be paid on October 15th.

National Pension Service grew its stake in shares of DTE Energy Company (NYSE:DTE - Free Report) by 1.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 254,403 shares of the utilities provider's stock after acquiring an additional 4,229 shares during the quarter. National Pension Service owned about 0.12% of DTE Energy worth $35,176,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of DTE. Capital World Investors increased its holdings in DTE Energy by 123.2% in the 4th quarter. Capital World Investors now owns 6,823,231 shares of the utilities provider's stock worth $823,905,000 after buying an additional 3,766,221 shares during the period. GAMMA Investing LLC grew its stake in shares of DTE Energy by 14,878.4% during the 1st 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. Balyasny Asset Management L.P. grew its stake in shares of DTE Energy by 1,794.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 920,569 shares of the utilities provider's stock worth $111,159,000 after purchasing an additional 871,978 shares during the period. AQR Capital Management LLC grew its stake in shares of DTE Energy by 750.0% during the 4th quarter. AQR Capital Management LLC now owns 964,655 shares of the utilities provider's stock worth $116,482,000 after purchasing an additional 851,169 shares during the period. Finally, HITE Hedge Asset Management LLC grew its stake in shares of DTE Energy by 196.7% during the 4th quarter. HITE Hedge Asset Management LLC now owns 964,919 shares of the utilities provider's stock worth $116,514,000 after purchasing an additional 639,659 shares during the period. Institutional investors and hedge funds own 76.06% of the company's stock.

Wall Street Analysts Forecast Growth

DTE has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their target price on DTE Energy from $145.00 to $147.00 and gave the company a "neutral" rating in a research report on Tuesday, July 15th. Barclays increased their target price on DTE Energy from $136.00 to $138.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 15th. Wells Fargo & Company increased their target price on DTE Energy from $145.00 to $154.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Citigroup reiterated a "buy" rating and set a $151.00 target price (up previously from $142.00) on shares of DTE Energy in a research report on Friday, May 23rd. Finally, Wall Street Zen upgraded DTE Energy from a "sell" rating to a "hold" rating in a research report on Sunday. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, DTE Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $142.29.

Insider Transactions at DTE Energy

In related news, VP Lisa A. Muschong sold 1,600 shares of the business's stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $140.53, for a total value of $224,848.00. Following the sale, the vice president directly owned 4,153 shares in the company, valued at approximately $583,621.09. The trade was a 27.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.33% of the company's stock.

DTE Energy Trading Up 0.4%

Shares of DTE traded up $0.59 during midday trading on Wednesday, reaching $140.32. The company had a trading volume of 397,860 shares, compared to its average volume of 1,391,052. DTE Energy Company has a 1-year low of $115.59 and a 1-year high of $142.05. The stock has a market cap of $29.13 billion, a PE ratio of 20.18, a price-to-earnings-growth ratio of 2.73 and a beta of 0.42. The firm has a 50 day simple moving average of $135.56 and a 200-day simple moving average of $133.96. The company has a quick ratio of 0.57, a current ratio of 0.94 and a debt-to-equity ratio of 1.96.

DTE Energy (NYSE:DTE - Get Free Report) last issued 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). DTE Energy had a return on equity of 12.72% and a net margin of 10.16%.The company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.67 billion. Research analysts forecast that DTE Energy Company will post 7.18 EPS 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 issued a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 3.1%. The ex-dividend date is Monday, September 15th. 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.