Nisa Investment Advisors LLC lowered its position in shares of DTE Energy Company (NYSE:DTE) by 3.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,210 shares of the utilities provider’s stock after selling 1,710 shares during the period. Nisa Investment Advisors LLC’s holdings in DTE Energy were worth $4,797,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. CENTRAL TRUST Co increased its position in shares of DTE Energy by 0.5% in the second quarter. CENTRAL TRUST Co now owns 6,130 shares of the utilities provider’s stock worth $649,000 after buying an additional 28 shares during the last quarter. Mn Services Vermogensbeheer B.V. increased its position in shares of DTE Energy by 513.6% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 29,362 shares of the utilities provider’s stock worth $3,106,000 after buying an additional 24,577 shares during the last quarter. Meeder Asset Management Inc. bought a new position in shares of DTE Energy during the second quarter worth about $521,000. National Pension Service increased its position in shares of DTE Energy by 13.9% in the second quarter. National Pension Service now owns 166,387 shares of the utilities provider’s stock worth $17,624,000 after buying an additional 20,301 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its stake in DTE Energy by 28.9% in the second quarter. State of Alaska Department of Revenue now owns 14,169 shares of the utilities provider’s stock worth $1,498,000 after buying an additional 3,178 shares in the last quarter. 67.99% of the stock is currently owned by institutional investors and hedge funds.
Shares of DTE Energy Company (NYSE DTE) traded up 0.66% during mid-day trading on Friday, reaching $110.63. 1,398,946 shares of the company traded hands. The firm has a 50 day moving average of $107.04 and a 200-day moving average of $104.59. DTE Energy Company has a 52 week low of $89.66 and a 52 week high of $111.35. The stock has a market capitalization of $19.85 billion, a PE ratio of 19.05 and a beta of 0.21.
DTE Energy (NYSE:DTE) last posted its earnings results on Wednesday, July 26th. The utilities provider reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.08. DTE Energy had a return on equity of 10.67% and a net margin of 8.80%. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the previous year, the firm earned $0.98 earnings per share. The firm’s quarterly revenue was up 26.2% compared to the same quarter last year. On average, equities research analysts expect that DTE Energy Company will post $5.41 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Sunday, October 15th. Shareholders of record on Monday, September 18th will be paid a $0.825 dividend. The ex-dividend date is Friday, September 15th. This represents a $3.30 annualized dividend and a yield of 2.98%. DTE Energy’s dividend payout ratio (DPR) is presently 56.60%.
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A number of research firms have recently weighed in on DTE. BidaskClub downgraded shares of DTE Energy from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 24th. Zacks Investment Research downgraded shares of DTE Energy from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. BMO Capital Markets reaffirmed a “hold” rating and issued a $111.00 target price on shares of DTE Energy in a research report on Friday, July 28th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $117.00 target price (up from $108.50) on shares of DTE Energy in a research report on Thursday, April 27th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $115.00 target price (up from $106.00) on shares of DTE Energy in a research report on Sunday, April 23rd. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. DTE Energy presently has an average rating of “Hold” and a consensus target price of $108.00.
In other DTE Energy news, COO Gerardo Norcia sold 4,838 shares of DTE Energy stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $110.73, for a total value of $535,711.74. Following the transaction, the chief operating officer now owns 115,930 shares in the company, valued at $12,836,928.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Bruce D. Peterson sold 5,000 shares of DTE Energy stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $110.08, for a total value of $550,400.00. Following the completion of the transaction, the senior vice president now owns 29,156 shares in the company, valued at approximately $3,209,492.48. The disclosure for this sale can be found here. Insiders sold 32,263 shares of company stock worth $3,489,815 in the last quarter. 0.53% of the stock is owned by insiders.
About DTE Energy
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