Natixis Advisors L.P. Increases Stock Holdings in DTE Energy (NYSE:DTE)

Natixis Advisors L.P. boosted its holdings in DTE Energy (NYSE:DTE - Free Report) by 59.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 194,531 shares of the utilities provider's stock after acquiring an additional 72,889 shares during the quarter. Natixis Advisors L.P. owned 0.09% of DTE Energy worth $21,449,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Glenmede Trust Co. NA lifted its position in shares of DTE Energy by 0.9% during the third quarter. Glenmede Trust Co. NA now owns 129,083 shares of the utilities provider's stock worth $12,815,000 after purchasing an additional 1,106 shares in the last quarter. Raymond James & Associates lifted its holdings in DTE Energy by 6.5% in the fourth quarter. Raymond James & Associates now owns 209,488 shares of the utilities provider's stock valued at $23,098,000 after buying an additional 12,871 shares during the period. SG Americas Securities LLC lifted its holdings in DTE Energy by 273.2% in the fourth quarter. SG Americas Securities LLC now owns 48,071 shares of the utilities provider's stock valued at $5,300,000 after buying an additional 35,189 shares during the period. Arvest Investments Inc. acquired a new stake in DTE Energy in the fourth quarter worth $2,581,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in DTE Energy by 25.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,737 shares of the utilities provider's stock worth $4,271,000 after purchasing an additional 7,975 shares during the period. Institutional investors own 76.06% of the company's stock.

Insider Activity

In other news, COO Matthew T. Paul sold 5,850 shares of the business's stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $106.92, for a total value of $625,482.00. Following the completion of the transaction, the chief operating officer now directly owns 6,951 shares in the company, valued at approximately $743,200.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, VP Lisa A. Muschong sold 2,775 shares of DTE Energy stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $108.43, for a total transaction of $300,893.25. Following the sale, the vice president now directly owns 5,469 shares of the company's stock, valued at approximately $593,003.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Matthew T. Paul sold 5,850 shares of the business's stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $106.92, for a total transaction of $625,482.00. Following the sale, the chief operating officer now directly owns 6,951 shares in the company, valued at $743,200.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,095 shares of company stock worth $2,168,183. 0.28% of the stock is currently owned by corporate insiders.

DTE Energy Stock Down 0.2 %

DTE Energy stock traded down $0.26 during mid-day trading on Monday, reaching $112.49. The company's stock had a trading volume of 965,736 shares, compared to its average volume of 1,183,228. The company has a market capitalization of $23.28 billion, a price-to-earnings ratio of 18.45, a price-to-earnings-growth ratio of 2.81 and a beta of 0.64. DTE Energy has a 12 month low of $90.14 and a 12 month high of $116.73. The business's 50 day simple moving average is $109.49 and its 200 day simple moving average is $106.75. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.54 and a current ratio of 0.75.

DTE Energy (NYSE:DTE - Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The utilities provider reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.71 by ($0.04). DTE Energy had a return on equity of 11.53% and a net margin of 10.36%. The business had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.81 billion. As a group, research analysts anticipate that DTE Energy will post 6.69 earnings per share for the current year.

DTE Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, June 17th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend is Monday, June 17th. DTE Energy's payout ratio is presently 66.78%.

Analysts Set New Price Targets

DTE has been the topic of several analyst reports. Morgan Stanley increased their target price on shares of DTE Energy from $108.00 to $109.00 and gave the stock an "overweight" rating in a report on Thursday, March 21st. BMO Capital Markets increased their target price on shares of DTE Energy from $111.00 to $113.00 and gave the stock a "market perform" rating in a report on Wednesday, April 17th. JPMorgan Chase & Co. increased their price objective on shares of DTE Energy from $118.00 to $120.00 and gave the stock a "neutral" rating in a research report on Wednesday, March 13th. Guggenheim downgraded shares of DTE Energy from a "buy" rating to a "neutral" rating and set a $111.00 price objective for the company. in a research report on Monday, January 22nd. Finally, TheStreet raised shares of DTE Energy from a "c+" rating to a "b-" rating in a research report on Friday, March 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $115.50.

DTE Energy Company 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.