CANADA LIFE ASSURANCE Co Purchases 4,243 Shares of DTE Energy (NYSE:DTE)

CANADA LIFE ASSURANCE Co boosted its holdings in DTE Energy (NYSE:DTE - Free Report) by 4.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 104,067 shares of the utilities provider's stock after purchasing an additional 4,243 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.05% of DTE Energy worth $12,562,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of DTE. Vanguard Group Inc. increased its holdings in shares of 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 during the period. Geode Capital Management LLC grew its position in DTE Energy by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 4,920,971 shares of the utilities provider's stock valued at $592,642,000 after buying an additional 115,270 shares in the last quarter. Boston Partners increased its stake in DTE Energy by 25.1% during the 4th quarter. Boston Partners now owns 2,899,823 shares of the utilities provider's stock valued at $350,150,000 after buying an additional 582,643 shares during the period. Invesco Ltd. raised its position in shares of DTE Energy by 50.2% during the 4th quarter. Invesco Ltd. now owns 2,462,592 shares of the utilities provider's stock worth $297,358,000 after buying an additional 822,854 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of 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 worth $157,780,000 after acquiring an additional 31,827 shares during the period. 76.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other DTE Energy news, 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 sale, the senior vice president now directly owns 14,067 shares in the company, valued at approximately $1,862,470.80. This trade represents a 33.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Tracy J. Myrick sold 1,014 shares of DTE Energy stock in a transaction dated Wednesday, February 19th. The shares were 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 in the company, valued at $446,535.04. This represents a 22.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,877 shares of company stock valued at $1,559,205 over the last three months. Company insiders own 0.33% of the company's stock.

DTE Energy Price Performance

Shares of DTE Energy stock traded down $2.29 during midday trading on Friday, hitting $134.69. 1,127,143 shares of the company were exchanged, compared to its average volume of 1,200,187. The firm has a 50 day simple moving average of $133.27 and a 200-day simple moving average of $126.27. DTE Energy has a 52 week low of $108.40 and a 52 week high of $140.39. The firm has a market cap of $27.95 billion, a P/E ratio of 19.90, a PEG ratio of 2.41 and a beta of 0.49. 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 - Get Free Report) last announced its earnings results on Thursday, February 13th. The utilities provider reported $1.51 EPS for the quarter, topping the consensus estimate of $1.50 by $0.01. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. Research analysts forecast that DTE Energy will post 7.18 earnings per share for the current year.

DTE Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th were given a $1.09 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $4.36 annualized dividend and a dividend yield of 3.24%. DTE Energy's dividend payout ratio is currently 64.40%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Guggenheim lifted their price target on DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a research report on Friday, March 21st. Morgan Stanley upped their price target on shares of DTE Energy from $131.00 to $136.00 and gave the company an "overweight" rating in a report on Thursday, March 20th. BMO Capital Markets raised their price objective on shares of DTE Energy from $135.00 to $142.00 and gave the company a "market perform" rating in a research report on Monday. StockNews.com upgraded shares of DTE Energy from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Finally, Barclays cut shares of DTE Energy from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $137.00 to $135.00 in a report on Thursday, February 20th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, DTE Energy presently has a consensus rating of "Moderate Buy" and an average price target of $139.17.

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.