Caisse DE Depot ET Placement DU Quebec grew its position in shares of DTE Energy Co (NYSE:DTE) by 9.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 148,259 shares of the utilities provider’s stock after purchasing an additional 12,800 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned approximately 0.08% of DTE Energy worth $15,984,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Pacad Investment Ltd. acquired a new position in shares of DTE Energy in the second quarter worth approximately $106,000. Spectrum Management Group Inc. acquired a new position in shares of DTE Energy in the third quarter worth approximately $111,000. Sun Life Financial INC lifted its stake in shares of DTE Energy by 13,030.0% in the second quarter. Sun Life Financial INC now owns 1,313 shares of the utilities provider’s stock worth $139,000 after acquiring an additional 1,303 shares during the period. Vantage Investment Advisors LLC lifted its stake in shares of DTE Energy by 0.8% in the second quarter. Vantage Investment Advisors LLC now owns 1,323 shares of the utilities provider’s stock worth $140,000 after acquiring an additional 10 shares during the period. Finally, Tortoise Capital Advisors L.L.C. lifted its stake in shares of DTE Energy by 335.1% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 1,340 shares of the utilities provider’s stock worth $142,000 after acquiring an additional 1,032 shares during the period. 68.41% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have weighed in on the company. Credit Suisse Group lowered their target price on DTE Energy from $113.00 to $112.00 and set a “neutral” rating for the company in a report on Thursday, October 26th. BidaskClub upgraded DTE Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Bank of America assumed coverage on DTE Energy in a report on Tuesday, October 24th. They issued an “underperform” rating and a $112.00 target price for the company. Jefferies Group reiterated a “buy” rating and issued a $121.00 target price on shares of DTE Energy in a report on Tuesday, August 29th. Finally, KeyCorp reiterated a “buy” rating and issued a $113.00 target price on shares of DTE Energy in a report on Sunday, August 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. DTE Energy currently has a consensus rating of “Hold” and an average target price of $111.50.
DTE Energy (NYSE:DTE) last released its quarterly earnings data on Wednesday, October 25th. The utilities provider reported $1.48 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.53 by ($0.05). The firm had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $2.80 billion. DTE Energy had a net margin of 8.01% and a return on equity of 9.56%. The company’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.96 EPS. equities analysts expect that DTE Energy Co will post 5.54 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Monday, December 18th will be given a dividend of $0.8825 per share. This is a boost from DTE Energy’s previous quarterly dividend of $0.83. The ex-dividend date is Friday, December 15th. This represents a $3.53 annualized dividend and a dividend yield of 3.07%. DTE Energy’s payout ratio is presently 60.44%.
In related news, Chairman Gerard M. Anderson sold 12,389 shares of DTE Energy stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $112.93, for a total transaction of $1,399,089.77. Following the transaction, the chairman now owns 83,000 shares of the company’s stock, valued at $9,373,190. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.53% of the stock is owned by insiders.
About DTE Energy
Want to see what other hedge funds are holding DTE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DTE Energy Co (NYSE:DTE).
Receive News & Ratings for DTE Energy Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DTE Energy Co and related companies with MarketBeat.com's FREE daily email newsletter.