National Bank of Canada FI Has $36.28 Million Stock Position in DTE Energy (NYSE:DTE)

National Bank of Canada FI boosted its holdings in shares of DTE Energy (NYSE:DTE - Free Report) by 246.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 282,553 shares of the utilities provider's stock after purchasing an additional 201,096 shares during the quarter. National Bank of Canada FI owned approximately 0.14% of DTE Energy worth $36,282,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in DTE. State Street Corp raised its stake in DTE Energy by 7.0% during 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 in the last quarter. Mizuho Securities USA LLC increased its holdings in shares of DTE Energy by 44,009.5% in the 3rd quarter. Mizuho Securities USA LLC now owns 7,039,000 shares of the utilities provider's stock valued at $903,878,000 after acquiring an additional 7,023,042 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of DTE Energy by 1.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,557,309 shares of the utilities provider's stock valued at $616,938,000 after acquiring an additional 86,205 shares in the last quarter. Janus Henderson Group PLC increased its stake in 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 purchasing an additional 64,880 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of DTE Energy by 3.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,667,111 shares of the utilities provider's stock worth $185,066,000 after purchasing an additional 59,811 shares during the period. 76.06% of the stock is owned by institutional investors and hedge funds.

DTE Energy Price Performance

NYSE:DTE traded up $0.24 during mid-day trading on Monday, reaching $121.81. 1,454,329 shares of the stock were exchanged, compared to its average volume of 1,124,027. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76. The business has a fifty day moving average price of $124.25 and a 200 day moving average price of $120.34. DTE Energy has a 1-year low of $102.17 and a 1-year high of $131.66. The firm has a market capitalization of $25.23 billion, a PE ratio of 16.51, a PEG ratio of 2.24 and a beta of 0.68.

DTE Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th will be given a $1.09 dividend. This is a positive change from DTE Energy's previous quarterly dividend of $1.02. The ex-dividend date of this dividend is Monday, December 16th. This represents a $4.36 annualized dividend and a yield of 3.58%. DTE Energy's payout ratio is 55.28%.

Wall Street Analysts Forecast Growth

DTE has been the subject of a number of research reports. Barclays lifted their target price on DTE Energy from $128.00 to $137.00 and gave the company an "overweight" rating in a research note on Monday, October 7th. StockNews.com upgraded DTE Energy from a "sell" rating to a "hold" rating in a research note on Tuesday, November 5th. Wells Fargo & Company boosted their price target on shares of DTE Energy from $133.00 to $145.00 and gave the company an "overweight" rating in a report on Friday, October 25th. UBS Group raised shares of DTE Energy from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $129.00 to $143.00 in a report on Tuesday, December 3rd. Finally, LADENBURG THALM/SH SH assumed coverage on shares of DTE Energy in a research note on Wednesday, August 14th. They set a "buy" rating and a $131.00 target price for the company. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $133.54.

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.