Van Lanschot Kempen Investment Management N.V. Invests $4.92 Million in DTE Energy (NYSE:DTE)

Van Lanschot Kempen Investment Management N.V. acquired a new stake in DTE Energy (NYSE:DTE - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 40,746 shares of the utilities provider's stock, valued at approximately $4,920,000.

A number of other institutional investors have also recently bought and sold shares of DTE. Capital World Investors grew its position in shares of DTE Energy by 123.2% during the 4th quarter. Capital World Investors now owns 6,823,231 shares of the utilities provider's stock worth $823,905,000 after buying an additional 3,766,221 shares during the period. Vanguard Group Inc. boosted its stake in DTE Energy by 3.6% during the 4th quarter. Vanguard Group Inc. now owns 25,286,380 shares of the utilities provider's stock worth $3,053,330,000 after acquiring an additional 879,670 shares during the last quarter. Invesco Ltd. grew its holdings in DTE Energy by 50.2% during the fourth quarter. Invesco Ltd. now owns 2,462,592 shares of the utilities provider's stock valued at $297,358,000 after purchasing an additional 822,854 shares during the period. HITE Hedge Asset Management LLC increased its stake in DTE Energy by 196.7% in the fourth quarter. HITE Hedge Asset Management LLC now owns 964,919 shares of the utilities provider's stock valued at $116,514,000 after purchasing an additional 639,659 shares in the last quarter. Finally, Boston Partners increased its stake in DTE Energy by 25.1% in the fourth quarter. Boston Partners now owns 2,899,823 shares of the utilities provider's stock valued at $350,150,000 after purchasing an additional 582,643 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company's stock.

DTE Energy Stock Down 1.7 %

Shares of DTE Energy stock traded down $2.29 during trading hours on Friday, reaching $134.69. 1,294,718 shares of the company's stock were exchanged, compared to its average volume of 1,199,357. The stock has a market cap of $27.95 billion, a P/E ratio of 19.90, a P/E/G ratio of 2.41 and a beta of 0.49. The company has a 50 day moving average of $133.38 and a two-hundred day moving average of $126.33. 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 has a fifty-two week low of $108.40 and a fifty-two week high of $140.39.

DTE Energy (NYSE:DTE - Get Free Report) last released its earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share 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%. On average, sell-side analysts forecast that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Announces Dividend

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

Wall Street Analyst Weigh In

DTE has been the subject of several research analyst reports. BMO Capital Markets boosted their price target on shares of DTE Energy from $135.00 to $142.00 and gave the company a "market perform" rating in a report on Monday, April 21st. Guggenheim lifted their price objective on DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a report 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. Barclays lowered shares of DTE Energy from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $137.00 to $135.00 in a research note on Thursday, February 20th. Finally, Morgan Stanley increased their price objective on shares of DTE Energy from $131.00 to $136.00 and gave the stock an "overweight" rating in a research report on Thursday, March 20th. 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, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $139.17.

Insider Activity at DTE Energy

In other news, CAO Tracy J. Myrick sold 1,014 shares of the firm's stock in a transaction that occurred 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 $446,535.04. This trade represents a 22.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Matthew T. Paul sold 3,801 shares of DTE Energy stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $129.56, for a total value of $492,457.56. Following the transaction, the chief operating officer now owns 6,951 shares of the company's stock, valued at $900,571.56. This represents a 35.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,877 shares of company stock worth $1,559,205. Insiders own 0.33% of the company's stock.

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.