Natixis Asset Management maintained its stake in DTE Energy Company (NYSE:DTE) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,682 shares of the company’s stock at the end of the third quarter. Natixis Asset Management’s holdings in DTE Energy Company were worth $1,094,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of DTE. United Services Automobile Association boosted its stake in DTE Energy Company by 3.6% in the third quarter. United Services Automobile Association now owns 57,719 shares of the company’s stock valued at $5,407,000 after buying an additional 2,005 shares in the last quarter. Hsbc Holdings PLC boosted its stake in DTE Energy Company by 98.2% in the third quarter. Hsbc Holdings PLC now owns 255,689 shares of the company’s stock valued at $23,941,000 after buying an additional 126,671 shares in the last quarter. Scoria Capital Partners LP bought a new stake in DTE Energy Company during the third quarter valued at approximately $1,133,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in DTE Energy Company by 58.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 35,192 shares of the company’s stock valued at $3,296,000 after buying an additional 13,009 shares in the last quarter. Finally, AMP Capital Investors Ltd boosted its stake in DTE Energy Company by 36.8% in the third quarter. AMP Capital Investors Ltd now owns 128,963 shares of the company’s stock valued at $12,001,000 after buying an additional 34,704 shares in the last quarter. Institutional investors and hedge funds own 66.30% of the company’s stock.

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

DTE Energy Company (NYSE:DTE) traded down 0.07% during trading on Friday, hitting $98.30. 689,492 shares of the stock were exchanged. The stock has a market cap of $17.64 billion, a price-to-earnings ratio of 21.63 and a beta of 0.18. The firm’s 50 day moving average price is $97.27 and its 200-day moving average price is $95.36. DTE Energy Company has a 1-year low of $78.72 and a 1-year high of $100.45.

DTE Energy Company (NYSE:DTE) last posted its earnings results on Wednesday, October 26th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.54. DTE Energy Company had a return on equity of 11.04% and a net margin of 7.98%. The business earned $2.93 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same period in the prior year, the business earned $1.40 EPS. DTE Energy Company’s revenue for the quarter was up 12.7% compared to the same quarter last year. On average, analysts anticipate that DTE Energy Company will post $5.28 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, January 15th. Investors of record on Monday, December 19th will be paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 3.36%. This is a boost from DTE Energy Company’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend is Thursday, December 15th. DTE Energy Company’s dividend payout ratio is presently 72.69%.

ILLEGAL ACTIVITY NOTICE: This news story was first published by Daily Political and is owned by of Daily Political. If you are accessing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright legislation. The correct version of this news story can be read at http://www.dailypolitical.com/2017/01/13/dte-energy-company-dte-stake-maintained-by-natixis-asset-management.html.

A number of research firms have issued reports on DTE. Jefferies Group set a $103.00 target price on shares of DTE Energy Company and gave the company a “buy” rating in a research note on Tuesday, November 22nd. Zacks Investment Research cut shares of DTE Energy Company from a “buy” rating to a “hold” rating in a research note on Tuesday, September 27th. Bank of America upgraded shares of DTE Energy Company from a “neutral” rating to a “buy” rating and set a $99.00 target price for the company in a research note on Tuesday, November 22nd. Finally, Macquarie lifted their target price on shares of DTE Energy Company from $105.00 to $107.00 and gave the company an “outperform” rating in a research note on Tuesday, September 27th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. DTE Energy Company currently has a consensus rating of “Buy” and a consensus price target of $102.57.

In related news, SVP Bruce D. Peterson sold 10,000 shares of the stock in a transaction that occurred on Tuesday, December 6th. The stock was sold at an average price of $95.43, for a total transaction of $954,300.00. Following the completion of the sale, the senior vice president now directly owns 24,207 shares of the company’s stock, valued at approximately $2,310,074.01. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Lisa A. Muschong sold 520 shares of the stock in a transaction that occurred on Thursday, December 8th. The stock was sold at an average price of $95.95, for a total value of $49,894.00. Following the sale, the vice president now directly owns 2,466 shares of the company’s stock, valued at $236,612.70. The disclosure for this sale can be found here. Corporate insiders own 0.93% of the company’s stock.

DTE Energy Company Company Profile

DTE Energy Company (DTE Energy) is a diversified energy company. The Company’s utility operations consist primarily of DTE Electric Company (DTE Electric) and DTE Gas Company (DTE Gas). Its segments include Electric, Gas, Gas Storage and Pipelines, Power and Industrial Projects, Energy Trading, and Corporate and Other.

5 Day Chart for NYSE:DTE

Want to see what other hedge funds are holding DTE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DTE Energy Company (NYSE:DTE).

Receive News & Ratings for DTE Energy Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DTE Energy Company and related companies with MarketBeat.com's FREE daily email newsletter.