DTE Energy (NYSE:DTE) Holdings Raised by Cibc World Markets Corp

Cibc World Markets Corp grew its holdings in shares of DTE Energy (NYSE:DTE - Free Report) by 16.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,688 shares of the utilities provider's stock after purchasing an additional 4,594 shares during the period. Cibc World Markets Corp's holdings in DTE Energy were worth $3,947,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. State Street Corp grew its stake in DTE Energy by 7.0% during the 3rd quarter. State Street Corp now owns 10,193,572 shares of the utilities provider's stock worth $1,319,264,000 after buying an additional 662,569 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of DTE Energy by 2.4% during the third quarter. Janus Henderson Group PLC now owns 2,720,265 shares of the utilities provider's stock valued at $349,309,000 after acquiring an additional 64,880 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of DTE Energy by 2.5% during the fourth 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 last quarter. Duff & Phelps Investment Management Co. increased its holdings in shares of DTE Energy by 3.5% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 907,345 shares of the utilities provider's stock worth $116,512,000 after acquiring an additional 30,909 shares during the period. Finally, Barclays PLC increased its holdings in shares of DTE Energy by 11.9% in the 3rd quarter. Barclays PLC now owns 755,084 shares of the utilities provider's stock worth $96,961,000 after acquiring an additional 80,543 shares during the period. 76.06% of the stock is currently owned by institutional investors.

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DTE Energy Price Performance

Shares of NYSE DTE traded down $1.08 during midday trading on Monday, reaching $136.03. The company's stock had a trading volume of 1,125,024 shares, compared to its average volume of 1,092,203. DTE Energy has a one year low of $103.06 and a one year high of $138.22. The company has a market cap of $28.23 billion, a price-to-earnings ratio of 20.09, a price-to-earnings-growth ratio of 2.41 and a beta of 0.59. The company has a 50 day moving average price of $127.38 and a 200 day moving average price of $124.86. The company has a current ratio of 0.71, a quick ratio of 0.46 and a debt-to-equity ratio of 1.77.

DTE Energy (NYSE:DTE - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, beating 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%. On average, equities research analysts expect that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 17th will be paid a $1.09 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $4.36 dividend on an annualized basis and a yield of 3.21%. DTE Energy's dividend payout ratio is currently 64.40%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on DTE shares. KeyCorp cut shares of DTE Energy from an "overweight" rating to a "sector weight" rating in a research report on Wednesday, December 4th. Barclays cut DTE Energy from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $137.00 to $135.00 in a research report on Thursday, February 20th. BMO Capital Markets boosted their price target on DTE Energy from $125.00 to $135.00 and gave the stock a "market perform" rating in a research report on Tuesday, February 18th. Scotiabank raised their price target on DTE Energy from $137.00 to $147.00 and gave the company a "sector outperform" rating in a report on Thursday, December 12th. Finally, Guggenheim upped their price objective on shares of DTE Energy from $139.00 to $147.00 and gave the stock a "buy" rating in a report on Friday. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $138.58.

Insiders Place Their Bets

In related news, COO Matthew T. Paul sold 3,801 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was 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 of the company's stock, valued at approximately $900,571.56. The trade was a 35.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Joann Chavez sold 7,062 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $132.40, for a total value of $935,008.80. Following the sale, the senior vice president now owns 14,067 shares of the company's stock, valued at $1,862,470.80. The trade was a 33.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,877 shares of company stock worth $1,559,205. Company insiders own 0.61% of the company's stock.

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.