DTE Energy (NYSE:DTE) Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC grew its position in shares of DTE Energy (NYSE:DTE - Free Report) by 6.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 362,001 shares of the utilities provider's stock after purchasing an additional 21,764 shares during the period. Hsbc Holdings PLC owned about 0.17% of DTE Energy worth $43,677,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of DTE. Vanguard Group Inc. raised 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 valued at $3,053,330,000 after buying an additional 879,670 shares during the last quarter. Capital World Investors raised its stake in DTE Energy by 123.2% in the fourth 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 in the last quarter. Geode Capital Management LLC lifted its stake in shares of DTE Energy by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 4,920,971 shares of the utilities provider's stock valued at $592,642,000 after purchasing an additional 115,270 shares during the period. Boston Partners boosted its position in shares of DTE Energy by 25.1% during 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 in the last quarter. Finally, Invesco Ltd. lifted its position in DTE Energy by 50.2% during the fourth quarter. Invesco Ltd. now owns 2,462,592 shares of the utilities provider's stock valued at $297,358,000 after buying an additional 822,854 shares during the period. Hedge funds and other institutional investors own 76.06% of the company's stock.

DTE Energy Trading Down 1.0 %

Shares of NYSE:DTE traded down $1.36 during trading on Thursday, reaching $135.64. The company's stock had a trading volume of 517,722 shares, compared to its average volume of 1,406,453. DTE Energy has a 12 month low of $108.40 and a 12 month high of $140.39. The company has a current ratio of 0.71, a quick ratio of 0.46 and a debt-to-equity ratio of 1.77. The firm's 50 day simple moving average is $133.70 and its two-hundred day simple moving average is $126.58. The stock has a market capitalization of $28.15 billion, a PE ratio of 20.04, a price-to-earnings-growth ratio of 2.41 and a beta of 0.49.

DTE Energy (NYSE:DTE - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The utilities provider reported $2.10 EPS for the quarter, topping 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 firm had revenue of $3.37 billion during the quarter, compared to analysts' expectations of $3.33 billion. During the same period in the previous year, the company earned $1.67 EPS. On average, research analysts predict that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th were paid a dividend of $1.09 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $4.36 annualized dividend and a dividend yield of 3.21%. DTE Energy's dividend payout ratio is currently 64.40%.

Insider Activity at DTE Energy

In other news, CAO Tracy J. Myrick sold 1,014 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $129.92, for a total transaction of $131,738.88. Following the transaction, the chief accounting officer now directly owns 3,437 shares of the company's stock, valued at approximately $446,535.04. This represents a 22.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Joann Chavez sold 7,062 shares of the firm's stock in a transaction 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 directly owns 14,067 shares of the company's stock, valued at $1,862,470.80. The trade was a 33.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,877 shares of company stock worth $1,559,205 over the last three months. 0.33% of the stock is owned by corporate insiders.

Analyst Ratings Changes

DTE has been the subject of a number of analyst reports. Morgan Stanley raised their target price on shares of DTE Energy from $131.00 to $136.00 and gave the company an "overweight" rating in a research note on Thursday, March 20th. Barclays lowered shares of DTE Energy from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $137.00 to $135.00 in a research note on Thursday, February 20th. StockNews.com upgraded shares of DTE Energy from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. Guggenheim increased their price target on shares of DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a report on Friday, March 21st. Finally, BMO Capital Markets boosted their price objective on shares of DTE Energy from $135.00 to $142.00 and gave the stock a "market perform" rating in a report on Monday, April 21st. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $139.17.

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.