Fiduciary Trust Co. reduced its position in DTE Energy Company (NYSE:DTE) by 23.3% during the first quarter, Holdings Channel reports. The institutional investor owned 19,065 shares of the utilities provider’s stock after selling 5,798 shares during the period. Fiduciary Trust Co.’s holdings in DTE Energy Company were worth $1,947,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Pacific Center for Financial Services bought a new position in shares of DTE Energy Company during the fourth quarter worth $111,000. Van ECK Associates Corp boosted its position in shares of DTE Energy Company by 24.7% in the fourth quarter. Van ECK Associates Corp now owns 1,314 shares of the utilities provider’s stock worth $129,000 after buying an additional 260 shares in the last quarter. Whittier Trust Co. boosted its position in shares of DTE Energy Company by 1.1% in the first quarter. Whittier Trust Co. now owns 1,279 shares of the utilities provider’s stock worth $131,000 after buying an additional 14 shares in the last quarter. Advantage Investment Management LLC bought a new position in shares of DTE Energy Company during the fourth quarter worth $153,000. Finally, Johnson Financial Group Inc. boosted its position in shares of DTE Energy Company by 226.0% in the first quarter. Johnson Financial Group Inc. now owns 1,542 shares of the utilities provider’s stock worth $158,000 after buying an additional 1,069 shares in the last quarter. 68.02% of the stock is currently owned by hedge funds and other institutional investors.
DTE Energy Company (NYSE DTE) traded down 0.61% during trading on Tuesday, reaching $108.73. The company’s stock had a trading volume of 64,067 shares. The firm has a market cap of $19.50 billion, a P/E ratio of 19.14 and a beta of 0.22. The stock’s 50 day moving average is $107.69 and its 200-day moving average is $101.98. DTE Energy Company has a 52 week low of $89.66 and a 52 week high of $111.35.
DTE Energy Company (NYSE:DTE) last posted its quarterly earnings data on Wednesday, April 26th. The utilities provider reported $1.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.22. The business had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $2.93 billion. DTE Energy Company had a return on equity of 10.74% and a net margin of 9.04%. DTE Energy Company’s quarterly revenue was up 26.1% on a year-over-year basis. During the same period last year, the company earned $1.52 earnings per share. On average, equities research analysts forecast that DTE Energy Company will post $5.33 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, October 15th. Investors of record on Monday, September 18th will be issued a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, September 15th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 3.02%. DTE Energy Company’s payout ratio is presently 58.10%.
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A number of brokerages recently weighed in on DTE. Deutsche Bank AG lifted their price target on DTE Energy Company from $100.00 to $103.00 and gave the stock a “hold” rating in a research note on Tuesday, April 11th. Zacks Investment Research cut DTE Energy Company from a “buy” rating to a “hold” rating in a research note on Wednesday, April 12th. Jefferies Group LLC reissued a “buy” rating and issued a $117.00 price target (up previously from $108.50) on shares of DTE Energy Company in a research note on Thursday, April 27th. BidaskClub cut DTE Energy Company from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Barclays PLC reissued an “overweight” rating and issued a $115.00 price target (up previously from $106.00) on shares of DTE Energy Company in a research note on Sunday, April 23rd. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. DTE Energy Company currently has a consensus rating of “Buy” and a consensus target price of $108.00.
In related news, insider Trevor F. Lauer sold 3,800 shares of the stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $104.21, for a total transaction of $395,998.00. Following the completion of the transaction, the insider now directly owns 10,117 shares in the company, valued at $1,054,292.57. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Lisa A. Muschong sold 426 shares of the stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $109.51, for a total value of $46,651.26. Following the transaction, the vice president now owns 2,543 shares of the company’s stock, valued at $278,483.93. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,064 shares of company stock valued at $3,309,851. 0.53% of the stock is owned by corporate insiders.
DTE Energy Company Company Profile
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