Boston Partners Purchases 582,643 Shares of DTE Energy (NYSE:DTE)

Boston Partners increased its position in DTE Energy (NYSE:DTE - Free Report) by 25.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,899,823 shares of the utilities provider's stock after buying an additional 582,643 shares during the quarter. Boston Partners owned 1.40% of DTE Energy worth $350,150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in DTE. State Street Corp increased its stake in shares of DTE Energy by 7.0% in the third quarter. State Street Corp now owns 10,193,572 shares of the utilities provider's stock valued at $1,319,264,000 after buying an additional 662,569 shares during the period. Zimmer Partners LP bought a new stake in DTE Energy in the third quarter valued at approximately $69,894,000. Point72 Asset Management L.P. bought a new stake in DTE Energy in the third quarter valued at approximately $66,733,000. Raymond James Financial Inc. bought a new stake in DTE Energy in the fourth quarter valued at approximately $43,063,000. Finally, Nordea Investment Management AB boosted its holdings in DTE Energy by 2,235.2% in the fourth quarter. Nordea Investment Management AB now owns 221,237 shares of the utilities provider's stock valued at $26,706,000 after acquiring an additional 211,763 shares during the last quarter. Institutional investors and hedge funds own 76.06% of the company's stock.

Insider Buying and Selling

In related news, CAO Tracy J. Myrick sold 1,014 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $129.92, for a total value of $131,738.88. Following the completion of the sale, the chief accounting officer now directly owns 3,437 shares of the company's stock, valued at approximately $446,535.04. This represents a 22.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 value of $492,457.56. Following the completion of the sale, the chief operating officer now directly owns 6,951 shares of the company's stock, valued at $900,571.56. The trade was a 35.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,877 shares of company stock worth $1,559,205 in the last ninety days. Corporate insiders own 0.61% of the company's stock.

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Wall Street Analyst Weigh In

Several brokerages recently commented on DTE. Scotiabank upped their target price on DTE Energy from $137.00 to $147.00 and gave the company a "sector outperform" rating in a report on Thursday, December 12th. BMO Capital Markets upped their target price on DTE Energy from $125.00 to $135.00 and gave the company a "market perform" rating in a report on Tuesday, February 18th. StockNews.com upgraded DTE Energy from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Morgan Stanley upped their target price on DTE Energy from $131.00 to $136.00 and gave the company an "overweight" rating in a report on Thursday. Finally, Barclays cut DTE Energy from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from $137.00 to $135.00 in a report on Thursday, February 20th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, DTE Energy has an average rating of "Moderate Buy" and a consensus target price of $138.58.

DTE Energy Stock Up 0.2 %

Shares of DTE traded up $0.24 during trading hours on Friday, reaching $137.18. The stock had a trading volume of 3,749,148 shares, compared to its average volume of 1,092,010. DTE Energy has a 12 month low of $103.06 and a 12 month high of $138.22. The firm has a 50-day simple moving average of $127.38 and a 200 day simple moving average of $124.87. 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 has a market capitalization of $28.47 billion, a price-to-earnings ratio of 20.26, a P/E/G ratio of 2.41 and a beta of 0.59.

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

DTE Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors 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 3.18%. The ex-dividend date of this dividend is Monday, March 17th. DTE Energy's dividend payout ratio is currently 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.