DTE Energy (NYSE:DTE) Shares Bought by Huntington National Bank

Huntington National Bank boosted its holdings in shares of DTE Energy (NYSE:DTE) by 9.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,284 shares of the utilities provider’s stock after purchasing an additional 1,466 shares during the period. Huntington National Bank’s holdings in DTE Energy were worth $2,087,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of DTE Energy by 3.6% in the fourth 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 in the last quarter. State Street Corp raised its position in shares of DTE Energy by 7.0% during the third quarter. State Street Corp now owns 10,193,572 shares of the utilities provider’s stock worth $1,319,264,000 after purchasing an additional 662,569 shares during the period. Boston Partners lifted its holdings 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 during the last quarter. Zimmer Partners LP acquired a new position in shares of DTE Energy in the 3rd quarter valued at $69,894,000. Finally, Point72 Asset Management L.P. purchased a new position in DTE Energy in the 3rd quarter worth about $66,733,000. 76.06% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, COO Matthew T. Paul sold 3,801 shares of DTE Energy stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $129.56, for a total value of $492,457.56. Following the transaction, the chief operating officer now owns 6,951 shares in the company, valued at $900,571.56. This trade represents a 35.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Joann Chavez sold 7,062 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $132.40, for a total transaction of $935,008.80. Following the transaction, the senior vice president now directly 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 disclosure for this sale can be found here. Insiders sold 11,877 shares of company stock valued at $1,559,205 over the last quarter. Insiders own 0.33% of the company’s stock.

DTE Energy Stock Up 1.0 %

DTE opened at $139.36 on Friday. The company has a market capitalization of $28.92 billion, a PE ratio of 20.58, a price-to-earnings-growth ratio of 2.41 and a beta of 0.59. The business has a 50-day moving average of $130.18 and a 200-day moving average of $125.62. DTE Energy has a fifty-two week low of $103.06 and a fifty-two week high of $140.39. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.71 and a quick ratio of 0.46.

DTE Energy (NYSE:DTE) last posted its earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.01. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. Equities research analysts forecast that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be issued a dividend of $1.09 per share. The ex-dividend date is Monday, March 17th. This represents a $4.36 annualized dividend and a yield of 3.13%. DTE Energy’s dividend payout ratio (DPR) is currently 64.40%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on DTE shares. BMO Capital Markets raised their target price on shares of DTE Energy from $125.00 to $135.00 and gave the stock a “market perform” rating in a report on Tuesday, February 18th. Scotiabank lifted their price objective on shares of DTE Energy from $137.00 to $147.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a report on Friday, February 21st. Guggenheim lifted their price target on DTE Energy from $139.00 to $147.00 and gave the company a “buy” rating in a report on Friday, March 21st. Finally, Barclays downgraded DTE Energy from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $137.00 to $135.00 in a research note on Thursday, February 20th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, DTE Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.58.

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.