DTE Energy (NYSE:DTE) Shares Bought by Cibc World Markets Corp

by · The Cerbat Gem

Cibc World Markets Corp raised its position in DTE Energy (NYSE:DTE – Free Report) by 16.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 32,688 shares of the utilities provider’s stock after purchasing an additional 4,594 shares during the period. Cibc World Markets Corp’s holdings in DTE Energy were worth $3,947,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. GWN Securities Inc. acquired a new stake in DTE Energy in the fourth quarter valued at $211,000. Envestnet Portfolio Solutions Inc. boosted its stake in shares of DTE Energy by 4.1% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 5,853 shares of the utilities provider’s stock valued at $707,000 after acquiring an additional 233 shares during the last quarter. Natixis Advisors LLC boosted its stake in shares of DTE Energy by 2.4% during the fourth quarter. Natixis Advisors LLC now owns 101,431 shares of the utilities provider’s stock valued at $12,248,000 after acquiring an additional 2,409 shares during the last quarter. Copperwynd Financial LLC boosted its stake in shares of DTE Energy by 2.7% during the fourth quarter. Copperwynd Financial LLC now owns 6,212 shares of the utilities provider’s stock valued at $750,000 after acquiring an additional 166 shares during the last quarter. Finally, Impact Capital Partners LLC acquired a new stake in shares of DTE Energy during the fourth quarter valued at $975,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on DTE shares. StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Morgan Stanley decreased their price objective on DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. KeyCorp lowered DTE Energy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Guggenheim raised DTE Energy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, Barclays lowered DTE Energy from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $137.00 to $135.00 in a research note on Thursday, February 20th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, DTE Energy presently has an average rating of “Moderate Buy” and an average price target of $137.09.

Check Out Our Latest Analysis on DTE Energy

DTE Energy Stock Performance

NYSE DTE opened at $136.29 on Thursday. The business’s 50-day moving average price is $126.71 and its 200 day moving average price is $124.70. DTE Energy has a twelve month low of $103.06 and a twelve month high of $136.76. The company has a market capitalization of $28.24 billion, a PE ratio of 20.13, a price-to-earnings-growth ratio of 2.41 and a beta of 0.59. 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 (NYSE:DTE – Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.01. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. On average, research analysts predict that DTE Energy will post 7.18 earnings per share for the current year.

DTE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be issued a $1.09 dividend. The ex-dividend date is Monday, March 17th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.20%. DTE Energy’s dividend payout ratio (DPR) is 64.40%.

Insider Transactions at DTE Energy

In related news, COO Matthew T. Paul sold 3,801 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $129.56, for a total transaction of $492,457.56. Following the sale, the chief operating officer now directly owns 6,951 shares in the company, valued at approximately $900,571.56. This trade represents a 35.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Joann Chavez sold 7,062 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $132.40, for a total value of $935,008.80. Following the sale, the senior vice president now owns 14,067 shares in the company, valued at approximately $1,862,470.80. The trade was a 33.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,877 shares of company stock worth $1,559,205 in the last three months. 0.61% of the stock is currently owned by company insiders.

DTE Energy Profile

(Free Report)

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.

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