Toronto Dominion Bank Acquires 22,265 Shares of DTE Energy (NYSE:DTE)

Toronto Dominion Bank boosted its holdings in shares of DTE Energy (NYSE:DTE - Free Report) by 24.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,936 shares of the utilities provider's stock after purchasing an additional 22,265 shares during the period. Toronto Dominion Bank owned 0.06% of DTE Energy worth $13,879,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Capital World Investors increased its stake in shares of DTE Energy by 123.2% in the fourth quarter. Capital World Investors now owns 6,823,231 shares of the utilities provider's stock valued at $823,905,000 after buying an additional 3,766,221 shares in the last quarter. Vanguard Group Inc. grew its holdings in 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 acquiring an additional 879,670 shares during the last quarter. Balyasny Asset Management L.P. increased its position in DTE Energy by 1,794.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 920,569 shares of the utilities provider's stock valued at $111,159,000 after acquiring an additional 871,978 shares in the last quarter. AQR Capital Management LLC increased its position in DTE Energy by 750.0% in the 4th quarter. AQR Capital Management LLC now owns 964,655 shares of the utilities provider's stock valued at $116,482,000 after acquiring an additional 851,169 shares in the last quarter. Finally, Invesco Ltd. raised 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 acquiring an additional 822,854 shares during the last quarter. Institutional investors own 76.06% of the company's stock.

DTE Energy Price Performance

NYSE DTE opened at $138.40 on Tuesday. The firm's 50 day moving average is $134.67 and its 200-day moving average is $127.42. 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 company has a market capitalization of $28.72 billion, a PE ratio of 20.44, a price-to-earnings-growth ratio of 2.41 and a beta of 0.47. DTE Energy has a 12-month low of $108.40 and a 12-month high of $140.39.

DTE Energy (NYSE:DTE - Get Free Report) last released its earnings results on Thursday, May 1st. The utilities provider reported $2.10 earnings per share for the quarter, beating analysts' consensus estimates of $1.98 by $0.12. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. The business had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter last year, the firm earned $1.67 earnings per share. Equities research analysts anticipate that DTE Energy will post 7.18 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 16th will be given a dividend of $1.09 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $4.36 annualized dividend and a yield of 3.15%. DTE Energy's dividend payout ratio (DPR) is presently 58.92%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. StockNews.com lowered shares of DTE Energy from a "hold" rating to a "sell" rating in a report on Friday. Wells Fargo & Company boosted their target price on DTE Energy from $145.00 to $154.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Evercore ISI lifted their price target on shares of DTE Energy from $136.00 to $145.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Guggenheim raised their price target on DTE Energy from $139.00 to $147.00 and gave the stock a "buy" rating in a research report on Friday, March 21st. Finally, BMO Capital Markets upped their price objective on DTE Energy from $135.00 to $142.00 and gave the company a "market perform" rating in a report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, DTE Energy currently has a consensus rating of "Moderate Buy" and an average target price of $140.31.

Insider Buying and Selling at DTE Energy

In other news, SVP Joann Chavez sold 7,062 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $132.40, for a total value of $935,008.80. Following the completion of the sale, the senior vice president now owns 14,067 shares of the company's stock, valued at approximately $1,862,470.80. This represents a 33.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Matthew T. Paul sold 3,801 shares of the business's stock in a transaction 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 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 disclosure for this sale can be found here. Insiders sold a total of 11,877 shares of company stock worth $1,559,205 over the last ninety days. 0.33% of the stock is currently owned by corporate 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.

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