Bank of Montreal Can Purchases 42,482 Shares of DTE Energy (NYSE:DTE)

Bank of Montreal Can grew its position in DTE Energy (NYSE:DTE - Free Report) by 16.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 308,437 shares of the utilities provider's stock after buying an additional 42,482 shares during the quarter. Bank of Montreal Can owned 0.15% of DTE Energy worth $37,244,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in DTE Energy by 3.6% during 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 purchasing an additional 879,670 shares in the last quarter. Geode Capital Management LLC grew its position in DTE Energy by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 4,920,971 shares of the utilities provider's stock valued at $592,642,000 after acquiring an additional 115,270 shares during the last quarter. Boston Partners raised its stake in DTE Energy by 25.1% during the fourth quarter. Boston Partners now owns 2,899,823 shares of the utilities provider's stock worth $350,150,000 after acquiring an additional 582,643 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in DTE Energy by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,306,664 shares of the utilities provider's stock valued at $157,780,000 after purchasing an additional 31,827 shares during the last quarter. Finally, Prudential Financial Inc. lifted its stake in shares of DTE Energy by 22.0% in the 4th quarter. Prudential Financial Inc. now owns 799,449 shares of the utilities provider's stock valued at $96,533,000 after acquiring an additional 144,014 shares during the last quarter. Institutional investors own 76.06% of the company's stock.

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Insider Transactions at DTE Energy

In related news, CAO Tracy J. Myrick sold 1,014 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $129.92, for a total transaction of $131,738.88. Following the completion of the transaction, the chief accounting officer now directly owns 3,437 shares in the company, valued at $446,535.04. The trade was a 22.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Joann Chavez sold 7,062 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 14,067 shares in the company, valued at $1,862,470.80. This represents a 33.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,877 shares of company stock valued at $1,559,205. 0.33% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

DTE has been the topic of a number of recent research reports. Morgan Stanley lifted their price target on shares of DTE Energy from $131.00 to $136.00 and gave the stock an "overweight" rating in a report on Thursday, March 20th. Guggenheim increased their price target on DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a research note on Friday, March 21st. StockNews.com raised DTE Energy from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. BMO Capital Markets increased their target price on shares of DTE Energy from $125.00 to $135.00 and gave the company a "market perform" rating in a research report on Tuesday, February 18th. Finally, 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. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $138.58.

DTE Energy Stock Up 0.1 %

NYSE DTE traded up $0.17 during mid-day trading on Tuesday, hitting $133.36. The company's stock had a trading volume of 801,254 shares, compared to its average volume of 1,183,080. 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 company's 50 day simple moving average is $131.89 and its 200 day simple moving average is $125.88. The firm has a market capitalization of $27.67 billion, a price-to-earnings ratio of 19.70, a PEG ratio of 2.41 and a beta of 0.49. DTE Energy has a twelve month low of $103.06 and a twelve month high of $140.39.

DTE Energy (NYSE:DTE - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.51 EPS for the quarter, beating the consensus estimate of $1.50 by $0.01. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. Analysts anticipate that DTE Energy will post 7.18 earnings per share for the current 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 given a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 3.27%. The ex-dividend date is Monday, March 17th. DTE Energy's dividend payout ratio is presently 64.40%.

DTE Energy 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.