DTE Energy (NYSE:DTE) Stock Holdings Boosted by Panagora Asset Management Inc.

Panagora Asset Management Inc. grew its stake in shares of DTE Energy (NYSE:DTE) by 133.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 248,151 shares of the utilities provider’s stock after acquiring an additional 141,718 shares during the period. Panagora Asset Management Inc. owned about 0.12% of DTE Energy worth $27,547,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Janus Henderson Group PLC lifted its holdings in shares of DTE Energy by 6,964.9% in the first quarter. Janus Henderson Group PLC now owns 2,090,350 shares of the utilities provider’s stock valued at $234,410,000 after purchasing an additional 2,060,762 shares in the last quarter. Clearbridge Investments LLC increased its position in DTE Energy by 224.7% during the first quarter. Clearbridge Investments LLC now owns 2,538,106 shares of the utilities provider’s stock worth $284,623,000 after buying an additional 1,756,459 shares during the last quarter. Boston Partners increased its position in DTE Energy by 66.8% during the fourth quarter. Boston Partners now owns 2,542,081 shares of the utilities provider’s stock worth $280,247,000 after buying an additional 1,018,212 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in DTE Energy during the fourth quarter worth $74,478,000. Finally, Capital Research Global Investors increased its position in DTE Energy by 1.9% during the fourth quarter. Capital Research Global Investors now owns 20,933,030 shares of the utilities provider’s stock worth $2,308,076,000 after buying an additional 399,646 shares during the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Trading Up 0.3 %

DTE traded up $0.43 during trading on Friday, reaching $125.02. 655,390 shares of the company’s stock were exchanged, compared to its average volume of 1,067,820. The company’s fifty day moving average price is $116.93 and its 200-day moving average price is $112.96. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.52 and a current ratio of 0.69. DTE Energy has a fifty-two week low of $90.14 and a fifty-two week high of $126.76. The firm has a market capitalization of $25.87 billion, a PE ratio of 20.33, a P/E/G ratio of 2.27 and a beta of 0.66.

DTE Energy (NYSE:DTE) last released its earnings results on Thursday, July 25th. The utilities provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.22. DTE Energy had a net margin of 11.18% and a return on equity of 12.18%. The firm had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.65 billion. During the same quarter in the previous year, the business earned $0.99 EPS. As a group, equities analysts forecast that DTE Energy will post 6.7 EPS for the current year.

DTE Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 16th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.26%. DTE Energy’s dividend payout ratio is 66.78%.

Insider Transactions at DTE Energy

In other news, VP Lisa A. Muschong sold 1,198 shares of DTE Energy stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $116.61, for a total transaction of $139,698.78. Following the transaction, the vice president now directly owns 4,271 shares of the company’s stock, valued at $498,041.31. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other DTE Energy news, VP Lisa A. Muschong sold 1,198 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $116.61, for a total transaction of $139,698.78. Following the sale, the vice president now directly owns 4,271 shares of the company’s stock, valued at approximately $498,041.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Trevor F. Lauer sold 3,500 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $115.07, for a total transaction of $402,745.00. Following the sale, the insider now directly owns 59,475 shares in the company, valued at $6,843,788.25. The disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a research report on Sunday, August 11th. Wells Fargo & Company raised their price target on shares of DTE Energy from $125.00 to $133.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. BMO Capital Markets raised their price target on shares of DTE Energy from $120.00 to $123.00 and gave the stock a “market perform” rating in a research note on Monday, July 15th. Scotiabank raised their price target on shares of DTE Energy from $120.00 to $137.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Finally, KeyCorp raised their price target on shares of DTE Energy from $117.00 to $125.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $123.92.

DTE Energy Company 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.