Canada Pension Plan Investment Board Has $49.95 Million Stock Position in DTE Energy (NYSE:DTE)

Canada Pension Plan Investment Board increased its holdings in shares of DTE Energy (NYSE:DTE) by 17.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 449,985 shares of the utilities provider’s stock after acquiring an additional 68,000 shares during the quarter. Canada Pension Plan Investment Board owned about 0.22% of DTE Energy worth $49,953,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of DTE. Principal Securities Inc. acquired a new stake in DTE Energy during the fourth quarter worth approximately $54,000. Envestnet Portfolio Solutions Inc. grew its holdings in shares of DTE Energy by 5.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,003 shares of the utilities provider’s stock worth $331,000 after purchasing an additional 157 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of DTE Energy in the fourth quarter worth $399,000. PNC Financial Services Group Inc. raised its stake in DTE Energy by 15.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 50,084 shares of the utilities provider’s stock valued at $5,522,000 after purchasing an additional 6,797 shares in the last quarter. Finally, UBS Group AG lifted its position in DTE Energy by 108.3% during the fourth quarter. UBS Group AG now owns 275,295 shares of the utilities provider’s stock worth $30,354,000 after purchasing an additional 143,112 shares during the period. Institutional investors own 76.06% of the company’s stock.

DTE Energy Stock Performance

NYSE DTE opened at $125.09 on Friday. The company has a market capitalization of $25.89 billion, a price-to-earnings ratio of 20.47, a PEG ratio of 2.28 and a beta of 0.67. The company has a quick ratio of 0.52, a current ratio of 0.69 and a debt-to-equity ratio of 1.73. DTE Energy has a twelve month low of $90.14 and a twelve month high of $127.59. The stock has a fifty day simple moving average of $121.82 and a 200 day simple moving average of $115.01.

DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Thursday, July 25th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.22. The company had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.65 billion. DTE Energy had a return on equity of 12.18% and a net margin of 11.18%. During the same period last year, the company earned $0.99 earnings per share. Sell-side analysts expect that DTE Energy will post 6.7 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Barclays raised their target price on shares of DTE Energy from $123.00 to $128.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. StockNews.com upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a research report on Sunday, August 11th. Mizuho raised their target price on DTE Energy from $121.00 to $133.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Wells Fargo & Company boosted their price target on DTE Energy from $125.00 to $133.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Finally, LADENBURG THALM/SH SH assumed coverage on DTE Energy in a research note on Wednesday, August 14th. They issued a “buy” rating and a $131.00 price objective on the stock. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, DTE Energy presently has an average rating of “Moderate Buy” and a consensus target price of $127.58.

About DTE Energy

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets.