Amundi Grows Stake in DTE Energy (NYSE:DTE)

Amundi raised its stake in DTE Energy (NYSE:DTE) by 7.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 328,660 shares of the utilities provider’s stock after acquiring an additional 21,903 shares during the quarter. Amundi’s holdings in DTE Energy were worth $39,771,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new position in DTE Energy in the third quarter valued at about $30,000. Prospera Private Wealth LLC purchased a new position in DTE Energy in the third quarter valued at about $35,000. Ashton Thomas Securities LLC purchased a new position in DTE Energy in the third quarter valued at about $35,000. Versant Capital Management Inc boosted its stake in DTE Energy by 890.0% in the fourth quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 267 shares during the last quarter. Finally, Coastline Trust Co purchased a new position in DTE Energy in the third quarter valued at about $39,000. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

DTE Energy Stock Performance

DTE Energy stock opened at $131.19 on Thursday. The firm’s 50 day simple moving average is $125.27 and its 200 day simple moving average is $124.34. 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 has a market capitalization of $27.19 billion, a PE ratio of 19.38, a price-to-earnings-growth ratio of 2.41 and a beta of 0.59. DTE Energy has a 1-year low of $103.06 and a 1-year high of $136.28.

DTE Energy (NYSE:DTE) last issued its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.51 EPS for the quarter, topping 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%. As a group, analysts expect that DTE Energy will post 7.18 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be issued a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date of this dividend is Monday, March 17th. DTE Energy’s payout ratio is 64.40%.

Insider Transactions at DTE Energy

In related news, SVP Joann Chavez sold 7,062 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $132.40, for a total transaction of $935,008.80. Following the transaction, the senior vice president now owns 14,067 shares of the company’s stock, valued at approximately $1,862,470.80. This trade represents a 33.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Matthew T. Paul sold 3,801 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $129.56, for a total transaction of $492,457.56. Following the transaction, the chief operating officer now directly owns 6,951 shares in the company, valued at approximately $900,571.56. This represents a 35.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,877 shares of company stock valued at $1,559,205 in the last quarter. Insiders own 0.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. KeyCorp cut shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Scotiabank upped their price target on shares of DTE Energy from $137.00 to $147.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. UBS Group upgraded shares of DTE Energy from a “neutral” rating to a “buy” rating and upped their price target for the company from $129.00 to $143.00 in a research note on Tuesday, December 3rd. Morgan Stanley dropped their price target on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Finally, Barclays cut shares of DTE Energy from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $137.00 to $135.00 in a research note on Thursday, February 20th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $135.67.

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.