48,534 Shares in DTE Energy Company $DTE Bought by Machina Capital S.A.S.

Machina Capital S.A.S. bought a new position in shares of DTE Energy Company (NYSE:DTE) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 48,534 shares of the utilities provider’s stock, valued at approximately $5,911,000. DTE Energy comprises about 0.8% of Machina Capital S.A.S.’s investment portfolio, making the stock its 12th largest holding.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. BlackRock Inc. purchased a new position in DTE Energy during the second quarter worth approximately $3,915,284,000. Jupiter Topco LLC acquired a new position in DTE Energy during the second quarter worth $477,264,000. Janus Henderson Group PLC boosted its stake in DTE Energy by 1.3% during the first quarter. Janus Henderson Group PLC now owns 3,084,544 shares of the utilities provider’s stock worth $451,022,000 after buying an additional 40,346 shares during the last quarter. Bank of America Corp DE purchased a new stake in DTE Energy in the 2nd quarter valued at $417,001,000. Finally, Soroban Capital Partners LP grew its holdings in DTE Energy by 2.0% in the 1st quarter. Soroban Capital Partners LP now owns 2,038,473 shares of the utilities provider’s stock valued at $298,066,000 after buying an additional 39,963 shares in the last quarter. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at DTE Energy

In other news, Vice Chairman Trevor Lauer sold 5,000 shares of the company’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $135.71, for a total transaction of $678,550.00. Following the sale, the insider owned 73,122 shares of the company’s stock, valued at approximately $9,923,386.62. This represents a 6.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Wall Street Zen cut shares of DTE Energy from a “hold” rating to a “sell” rating in a research note on Monday, October 19th. BMO Capital Markets lifted their price objective on DTE Energy from $134.00 to $139.00 and gave the company a “market perform” rating in a research note on Friday, October 16th. LADENBURG THALM/SH SH boosted their price objective on DTE Energy from $135.50 to $144.50 and gave the company a “buy” rating in a report on Friday, November 6th. HSBC assumed coverage on DTE Energy in a report on Thursday, October 22nd. They issued a “hold” rating and a $135.00 price objective on the stock. Finally, Jefferies Financial Group set a $152.00 target price on DTE Energy in a research note on Friday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, DTE Energy has a consensus rating of “Moderate Buy” and an average price target of $148.58.

DTE Energy Trading Up 0.6%

Shares of DTE stock opened at $139.12 on Wednesday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.40 and a current ratio of 0.62. The stock has a market capitalization of $28.96 billion, a P/E ratio of 21.21, a price-to-earnings-growth ratio of 2.84 and a beta of 0.35. The company has a 50 day moving average price of $130.28 and a 200 day moving average price of $140.87. DTE Energy Company has a fifty-two week low of $119.68 and a fifty-two week high of $155.74.

DTE Energy (NYSE:DTE) last announced its earnings results on Thursday, November 5th. The utilities provider reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.13 by $0.17. The firm had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.61 billion. DTE Energy had a net margin of 8.21% and a return on equity of 12.17%. During the same period in the prior year, the firm earned $2.01 EPS. Equities research analysts predict that DTE Energy Company will post 7.70 EPS for the current fiscal year.

DTE Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Monday, December 21st will be given a dividend of $1.2450 per share. This is an increase from DTE Energy’s previous quarterly dividend of $1.1650. This represents a $4.98 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, December 21st. DTE Energy’s dividend payout ratio is currently 71.04%.

About DTE Energy

DTE Energy is a Detroit-based energy company whose core businesses are regulated electric and natural gas utilities in Michigan. Through DTE Electric, it generates, transmits and distributes electricity, while DTE Gas provides natural gas service to customers across the state. The company also operates non-utility businesses, including energy marketing and trading and industrial energy services. These businesses develop energy solutions such as recovering energy from industrial processes and waste, alongside the company’s investments in renewable energy generation.