Healthcare of Ontario Pension Plan Trust Fund Boosts Stock Holdings in DTE Energy Company $DTE

Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of DTE Energy Company (NYSE:DTE) by 59.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,050 shares of the utilities provider’s stock after acquiring 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 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DTE. Modern Wealth Management LLC raised its stake in shares of DTE Energy by 11.9% in the first quarter. Modern Wealth Management LLC now owns 14,800 shares of the utilities provider’s stock worth $2,177,000 after purchasing an additional 1,578 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of DTE Energy during the first quarter valued at $19,177,000. Bank of Nova Scotia boosted its position in shares of DTE Energy by 115.3% during the first quarter. Bank of Nova Scotia now owns 69,929 shares of the utilities provider’s stock valued at $10,225,000 after buying an additional 37,443 shares during the last quarter. Sei Investments Co. increased its holdings in DTE Energy by 8.9% in the 1st quarter. Sei Investments Co. now owns 134,303 shares of the utilities provider’s stock worth $19,637,000 after buying an additional 10,949 shares in the last quarter. Finally, State of Wyoming increased its holdings in DTE Energy by 310.6% in the 1st quarter. State of Wyoming now owns 1,852 shares of the utilities provider’s stock worth $271,000 after buying an additional 1,401 shares in the last quarter. 76.06% of the stock is owned by institutional investors.

DTE Energy Trading Up 0.2%

Shares of DTE stock opened at $141.94 on Friday. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.80 and a quick ratio of 0.69. The company has a market cap of $29.54 billion, a price-to-earnings ratio of 22.46, a PEG ratio of 3.09 and a beta of 0.38. DTE Energy Company has a 1 year low of $126.23 and a 1 year high of $155.74. The firm has a fifty day moving average price of $147.60 and a 200-day moving average price of $144.78.

DTE Energy (NYSE:DTE) last announced its earnings results on Tuesday, July 28th. The utilities provider reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.18. The company had revenue of $6.74 billion for the quarter, compared to analysts’ expectations of $3.36 billion. DTE Energy had a return on equity of 12.19% and a net margin of 8.00%.During the same period last year, the firm earned $1.36 EPS. As a group, equities analysts predict that DTE Energy Company will post 7.71 earnings per share for the current year.

DTE Energy Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Mizuho lowered their target price on shares of DTE Energy from $165.00 to $164.00 and set an “outperform” rating on the stock in a research note on Wednesday. Barclays reduced their price target on shares of DTE Energy from $156.00 to $154.00 and set an “equal weight” rating for the company in a research note on Monday, May 4th. BMO Capital Markets boosted their price objective on shares of DTE Energy from $148.00 to $150.00 and gave the company a “market perform” rating in a report on Wednesday. JPMorgan Chase & Co. increased their price objective on shares of DTE Energy from $155.00 to $162.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Finally, Jefferies Financial Group set a $172.00 target price on shares of DTE Energy in a report on Thursday, July 9th. 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $158.46.

Insider Transactions at DTE Energy

In other DTE Energy news, VP Lisa A. Muschong sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $143.72, for a total transaction of $143,720.00. Following the sale, the vice president owned 6,233 shares in the company, valued at approximately $895,806.76. This trade represents a 13.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.60% of the company’s stock.

DTE Energy Company 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.