Healthcare of Ontario Pension Plan Trust Fund Raises Stock Position in DTE Energy Company $DTE

Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of DTE Energy Company (NYSE:DTE) by 59.0% during the first quarter, Holdings Channel.com reports. The fund owned 13,050 shares of the utilities provider’s stock after buying an additional 4,840 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in DTE Energy were worth $1,908,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in DTE Energy by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 26,305,533 shares of the utilities provider’s stock valued at $3,392,888,000 after purchasing an additional 766,499 shares during the period. Capital Research Global Investors boosted its stake in DTE Energy by 3.1% in the 4th quarter. Capital Research Global Investors now owns 12,447,948 shares of the utilities provider’s stock worth $1,605,539,000 after purchasing an additional 379,443 shares during the period. State Street Corp boosted its stake in DTE Energy by 2.5% in the 4th quarter. State Street Corp now owns 11,078,346 shares of the utilities provider’s stock worth $1,441,776,000 after purchasing an additional 272,068 shares during the period. Geode Capital Management LLC grew its holdings in DTE Energy by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 5,592,670 shares of the utilities provider’s stock valued at $718,668,000 after buying an additional 117,322 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in DTE Energy by 2.2% during the 4th quarter. Janus Henderson Group PLC now owns 3,044,198 shares of the utilities provider’s stock valued at $392,641,000 after buying an additional 65,080 shares in the last quarter. Institutional investors own 76.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Jefferies Financial Group set a $172.00 target price on shares of DTE Energy in a report on Thursday, July 9th. BMO Capital Markets raised their target price on shares of DTE Energy from $148.00 to $150.00 and gave the company a “market perform” rating in a research note on Wednesday. JPMorgan Chase & Co. lifted their price target on shares of DTE Energy from $155.00 to $162.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. Morgan Stanley reiterated an “overweight” rating on shares of DTE Energy in a research note on Wednesday, July 22nd. Finally, Weiss Ratings raised shares of DTE Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $158.46.

DTE Energy Trading Up 0.2%

Shares of DTE opened at $141.94 on Friday. The stock has a market capitalization of $29.54 billion, a PE ratio of 22.46, a P/E/G ratio of 3.09 and a beta of 0.38. The company’s fifty day moving average is $147.60 and its 200 day moving average is $144.78. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.69 and a current ratio of 0.80. DTE Energy Company has a fifty-two week low of $126.23 and a fifty-two week high of $155.74.

DTE Energy (NYSE:DTE) last released its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $1.32 EPS for the quarter, beating the consensus estimate of $1.14 by $0.18. DTE Energy had a net margin of 8.00% and a return on equity of 12.19%. The business had revenue of $6.74 billion during the quarter, compared to analyst estimates of $3.36 billion. During the same quarter last year, the business earned $1.36 earnings per share. Sell-side analysts expect that DTE Energy Company will post 7.71 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Monday, September 21st will be given a $1.165 dividend. The ex-dividend date is Monday, September 21st. This represents a $4.66 annualized dividend and a yield of 3.3%. DTE Energy’s dividend payout ratio (DPR) is currently 73.73%.

Insider Buying and Selling

In other DTE Energy news, VP Lisa A. Muschong sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $143.72, for a total transaction of $143,720.00. Following the sale, the vice president directly owned 6,233 shares of the company’s stock, valued at $895,806.76. The trade was a 13.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.60% of the company’s stock.

DTE Energy Profile

DTE Energy is an integrated energy company headquartered in Detroit, Michigan, that combines regulated utility operations with non-utility energy businesses. Its regulated subsidiaries operate electric and natural gas utility services that deliver generation, transmission and distribution to residential, commercial and industrial customers. The company’s utility segment focuses on maintaining and upgrading energy delivery infrastructure, ensuring reliable service and meeting regulatory requirements in its service territory.

Beyond its regulated utilities, DTE Energy operates non-utility businesses that develop, own and operate power generation and energy-related projects.