DTE Energy Company (DTE) Shares Sold by BNP Paribas Arbitrage SA
BNP Paribas Arbitrage SA lessened its stake in DTE Energy Company (NYSE:DTE) by 13.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 182,188 shares of the utilities provider’s stock after selling 27,731 shares during the quarter. BNP Paribas Arbitrage SA owned approximately 0.10% of DTE Energy worth $19,560,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in DTE. Janus Henderson Group PLC lifted its holdings in shares of DTE Energy by 7,495.0% in the second quarter. Janus Henderson Group PLC now owns 1,645,752 shares of the utilities provider’s stock worth $174,104,000 after buying an additional 1,624,083 shares in the last quarter. Goldman Sachs Group Inc. increased its position in DTE Energy by 36.9% in the second quarter. Goldman Sachs Group Inc. now owns 2,122,051 shares of the utilities provider’s stock worth $224,492,000 after purchasing an additional 572,523 shares during the last quarter. APG Asset Management N.V. increased its position in DTE Energy by 190.0% in the third quarter. APG Asset Management N.V. now owns 658,763 shares of the utilities provider’s stock worth $70,725,000 after purchasing an additional 431,600 shares during the last quarter. Vanguard Group Inc. increased its position in DTE Energy by 2.0% in the second quarter. Vanguard Group Inc. now owns 18,988,361 shares of the utilities provider’s stock worth $2,008,779,000 after purchasing an additional 375,899 shares during the last quarter. Finally, Financial Engines Advisors L.L.C. bought a new stake in DTE Energy in the second quarter worth $35,243,000. 68.62% of the stock is currently owned by hedge funds and other institutional investors.
In other DTE Energy news, insider Mark W. Stiers sold 3,632 shares of the business’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $110.03, for a total transaction of $399,628.96. Following the transaction, the insider now owns 25,257 shares in the company, valued at $2,779,027.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.53% of the company’s stock.
Several equities research analysts recently weighed in on DTE shares. Jefferies Group LLC restated a “buy” rating and issued a $121.00 price target on shares of DTE Energy in a research report on Tuesday, August 29th. KeyCorp restated a “buy” rating and issued a $113.00 price target on shares of DTE Energy in a research report on Sunday, August 27th. BidaskClub upgraded shares of DTE Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Zacks Investment Research cut shares of DTE Energy from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, BMO Capital Markets restated a “hold” rating and issued a $111.00 price target on shares of DTE Energy in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. DTE Energy presently has a consensus rating of “Hold” and an average target price of $111.50.
DTE Energy Company (NYSE:DTE) traded down $0.77 during mid-day trading on Friday, reaching $112.45. 636,000 shares of the company’s stock were exchanged, compared to its average volume of 1,166,936. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.08 and a quick ratio of 0.77. DTE Energy Company has a fifty-two week low of $90.01 and a fifty-two week high of $113.71. The company has a market capitalization of $20,172.40, a PE ratio of 21.83, a price-to-earnings-growth ratio of 3.38 and a beta of 0.23.
DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Wednesday, October 25th. The utilities provider reported $1.48 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.53 by ($0.05). DTE Energy had a net margin of 8.01% and a return on equity of 9.56%. The firm had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter last year, the firm earned $1.96 EPS. The company’s revenue was up 10.8% on a year-over-year basis. equities research analysts forecast that DTE Energy Company will post 5.54 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Monday, December 18th will be given a dividend of $0.8825 per share. This is a boost from DTE Energy’s previous quarterly dividend of $0.83. The ex-dividend date is Friday, December 15th. This represents a $3.53 dividend on an annualized basis and a yield of 3.14%. DTE Energy’s payout ratio is 60.44%.
About DTE Energy
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