Candriam Luxembourg S.C.A. Acquires 628 Shares of DTE Energy Company (DTE)

Candriam Luxembourg S.C.A. raised its position in shares of DTE Energy Company (NYSE:DTE) by 2.2% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 29,690 shares of the utilities provider’s stock after buying an additional 628 shares during the period. Candriam Luxembourg S.C.A.’s holdings in DTE Energy were worth $3,141,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Sei Investments Co. boosted its stake in DTE Energy by 40.6% in the second quarter. Sei Investments Co. now owns 73,236 shares of the utilities provider’s stock worth $7,747,000 after buying an additional 21,153 shares in the last quarter. CIBC Asset Management Inc boosted its stake in DTE Energy by 1.6% in the second quarter. CIBC Asset Management Inc now owns 17,319 shares of the utilities provider’s stock worth $1,832,000 after buying an additional 276 shares in the last quarter. Rothschild Asset Management Inc. boosted its stake in DTE Energy by 1.3% in the second quarter. Rothschild Asset Management Inc. now owns 364,543 shares of the utilities provider’s stock worth $38,565,000 after buying an additional 4,575 shares in the last quarter. Probity Advisors Inc. boosted its stake in DTE Energy by 0.6% in the second quarter. Probity Advisors Inc. now owns 5,761 shares of the utilities provider’s stock worth $609,000 after buying an additional 35 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in DTE Energy by 16.0% in the second quarter. Janney Montgomery Scott LLC now owns 4,873 shares of the utilities provider’s stock worth $516,000 after buying an additional 673 shares in the last quarter. 67.99% of the stock is owned by hedge funds and other institutional investors.

DTE Energy Company (NYSE:DTE) traded up 0.66% on Friday, reaching $110.63. The company’s stock had a trading volume of 1,398,946 shares. The company has a market cap of $19.85 billion, a P/E ratio of 19.05 and a beta of 0.21. DTE Energy Company has a 12 month low of $89.66 and a 12 month high of $111.35. The stock’s 50 day moving average price is $107.18 and its 200 day moving average price is $104.69.

DTE Energy (NYSE:DTE) last issued its earnings results on Wednesday, July 26th. The utilities provider reported $1.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.08. The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.35 billion. DTE Energy had a return on equity of 10.67% and a net margin of 8.80%. The firm’s revenue for the quarter was up 26.2% compared to the same quarter last year. During the same period last year, the business posted $0.98 EPS. Equities research analysts forecast that DTE Energy Company will post $5.41 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, October 15th. Stockholders of record on Monday, September 18th will be paid a $0.825 dividend. The ex-dividend date is Friday, September 15th. This represents a $3.30 annualized dividend and a dividend yield of 2.98%. DTE Energy’s dividend payout ratio is presently 56.60%.

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A number of research firms recently weighed in on DTE. Zacks Investment Research cut DTE Energy from a “buy” rating to a “hold” rating in a report on Monday, July 31st. BMO Capital Markets reissued a “hold” rating and issued a $111.00 target price on shares of DTE Energy in a research note on Friday, July 28th. BidaskClub cut DTE Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Jefferies Group LLC reissued a “buy” rating and issued a $117.00 target price (up from $108.50) on shares of DTE Energy in a research note on Thursday, April 27th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $115.00 price objective (up from $106.00) on shares of DTE Energy in a research note on Sunday, April 23rd. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $108.00.

In other news, SVP Bruce D. Peterson sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $110.08, for a total value of $550,400.00. Following the completion of the sale, the senior vice president now directly owns 29,156 shares in the company, valued at approximately $3,209,492.48. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Gerardo Norcia sold 4,838 shares of the firm’s stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $110.73, for a total value of $535,711.74. Following the completion of the sale, the chief operating officer now owns 115,930 shares of the company’s stock, valued at $12,836,928.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,263 shares of company stock valued at $3,489,815. 0.53% of the stock is currently owned by company insiders.

DTE Energy Company Profile

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

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