Canada Pension Plan Investment Board Acquires 88,000 Shares of DTE Energy (NYSE:DTE)

Canada Pension Plan Investment Board raised its holdings in DTE Energy (NYSE:DTEFree Report) by 25.9% during the third quarter, HoldingsChannel reports. The firm owned 427,350 shares of the utilities provider’s stock after acquiring an additional 88,000 shares during the quarter. Canada Pension Plan Investment Board’s holdings in DTE Energy were worth $42,427,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Acorn Wealth Advisors LLC raised its position in shares of DTE Energy by 1.9% in the 2nd quarter. Acorn Wealth Advisors LLC now owns 5,332 shares of the utilities provider’s stock worth $587,000 after acquiring an additional 101 shares in the last quarter. Cullen Frost Bankers Inc. increased its position in DTE Energy by 17.0% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 702 shares of the utilities provider’s stock valued at $70,000 after buying an additional 102 shares in the last quarter. Brinker Capital Investments LLC increased its position in DTE Energy by 4.6% in the 1st quarter. Brinker Capital Investments LLC now owns 2,392 shares of the utilities provider’s stock valued at $316,000 after buying an additional 106 shares in the last quarter. Azimuth Capital Investment Management LLC increased its position in DTE Energy by 0.9% in the 2nd quarter. Azimuth Capital Investment Management LLC now owns 11,908 shares of the utilities provider’s stock valued at $1,310,000 after buying an additional 108 shares in the last quarter. Finally, Cigna Investments Inc. New increased its position in DTE Energy by 4.6% in the 2nd quarter. Cigna Investments Inc. New now owns 2,464 shares of the utilities provider’s stock valued at $271,000 after buying an additional 109 shares in the last quarter. Institutional investors and hedge funds own 74.72% of the company’s stock.

DTE Energy Stock Performance

NYSE DTE opened at $104.41 on Friday. DTE Energy has a 1 year low of $90.14 and a 1 year high of $116.73. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.85 and a quick ratio of 0.57. The firm has a market cap of $21.54 billion, a price-to-earnings ratio of 15.45, a PEG ratio of 2.59 and a beta of 0.64. The company has a fifty day moving average price of $107.91 and a 200-day moving average price of $104.67.

DTE Energy (NYSE:DTEGet Free Report) last posted its earnings results on Thursday, February 8th. The utilities provider reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.01. The firm had revenue of $3.39 billion during the quarter, compared to analyst estimates of $4.97 billion. DTE Energy had a net margin of 10.96% and a return on equity of 11.10%. During the same quarter in the prior year, the business posted $1.31 EPS. As a group, equities research analysts predict that DTE Energy will post 6.7 EPS for the current fiscal year.

DTE Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Monday, March 18th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date of this dividend is Friday, March 15th. DTE Energy’s dividend payout ratio (DPR) is currently 60.36%.

Wall Street Analyst Weigh In

A number of analysts recently commented on DTE shares. StockNews.com lowered DTE Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. BMO Capital Markets boosted their target price on DTE Energy from $107.00 to $111.00 and gave the company a “market perform” rating in a research report on Monday, December 4th. Wolfe Research lowered DTE Energy from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, January 16th. Morgan Stanley decreased their target price on DTE Energy from $118.00 to $111.00 and set an “overweight” rating for the company in a research report on Wednesday, October 25th. Finally, KeyCorp boosted their price objective on DTE Energy from $106.00 to $117.00 and gave the stock an “overweight” rating in a report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, DTE Energy currently has an average rating of “Moderate Buy” and an average price target of $83.22.

Read Our Latest Stock Report on DTE

DTE Energy Company Profile

(Free Report)

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.3 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets.

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Institutional Ownership by Quarter for DTE Energy (NYSE:DTE)

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