DTE Energy Co (DTE) Position Raised by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of DTE Energy Co (NYSE:DTE) by 86.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 121,188 shares of the utilities provider’s stock after purchasing an additional 56,230 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned approximately 0.07% of DTE Energy worth $13,011,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Nomura Asset Management Co. Ltd. increased its position in DTE Energy by 3.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 47,077 shares of the utilities provider’s stock valued at $5,054,000 after acquiring an additional 1,624 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in DTE Energy by 9.4% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 148,259 shares of the utilities provider’s stock valued at $15,984,000 after acquiring an additional 12,800 shares in the last quarter. National Planning Corp increased its position in DTE Energy by 33.8% in the 3rd quarter. National Planning Corp now owns 2,940 shares of the utilities provider’s stock valued at $313,000 after acquiring an additional 742 shares in the last quarter. Stifel Financial Corp increased its position in DTE Energy by 1,852.1% in the 3rd quarter. Stifel Financial Corp now owns 45,776 shares of the utilities provider’s stock valued at $4,911,000 after acquiring an additional 43,431 shares in the last quarter. Finally, FDO Partners LLC acquired a new stake in DTE Energy in the 3rd quarter valued at about $1,771,000. Institutional investors and hedge funds own 68.41% of the company’s stock.

In related news, Chairman Gerard M. Anderson sold 12,389 shares of DTE Energy stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $112.93, for a total transaction of $1,399,089.77. Following the transaction, the chairman now owns 83,000 shares of the company’s stock, valued at approximately $9,373,190. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.53% of the stock is owned by company insiders.

Several research firms have weighed in on DTE. Bank of America assumed coverage on shares of DTE Energy in a research report on Tuesday, October 24th. They issued an “underperform” rating and a $112.00 price objective for the company. Jefferies Group reaffirmed a “buy” rating and issued a $121.00 target price on shares of DTE Energy in a research note on Tuesday, August 29th. KeyCorp reaffirmed a “buy” rating and issued a $113.00 target price on shares of DTE Energy in a research note on Sunday, August 27th. BidaskClub raised shares of DTE Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Finally, Credit Suisse Group reduced their target price on shares of DTE Energy from $113.00 to $112.00 and set a “neutral” rating on the stock in a research note on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. DTE Energy currently has a consensus rating of “Hold” and an average target price of $111.50.

DTE Energy Co (DTE) opened at $115.49 on Friday. DTE Energy Co has a one year low of $95.23 and a one year high of $116.74. The firm has a market cap of $20,642.44, a P/E ratio of 22.34, a P/E/G ratio of 3.46 and a beta of 0.23. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.77 and a current ratio of 1.08.

DTE Energy (NYSE:DTE) last released its quarterly earnings data on Wednesday, October 25th. The utilities provider reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.05). DTE Energy had a return on equity of 9.56% and a net margin of 8.01%. The firm had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same period in the previous year, the business earned $1.96 EPS. The firm’s revenue was up 10.8% compared to the same quarter last year. analysts forecast that DTE Energy Co will post 5.54 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Monday, December 18th will be paid a dividend of $0.8825 per share. This is a positive change from DTE Energy’s previous quarterly dividend of $0.83. The ex-dividend date is Friday, December 15th. This represents a $3.53 annualized dividend and a yield of 3.06%. DTE Energy’s dividend payout ratio (DPR) is presently 60.44%.

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DTE Energy Profile

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

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