DTE Energy Company $DTE Shares Sold by National Pension Service

National Pension Service lessened its stake in shares of DTE Energy Company (NYSE:DTE) by 1.7% during the 2nd quarter, Holdings Channel reports. The fund owned 295,887 shares of the utilities provider’s stock after selling 5,099 shares during the quarter. National Pension Service’s holdings in DTE Energy were worth $45,084,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. California State Teachers Retirement System grew its holdings in shares of DTE Energy by 15,158.5% in the second quarter. California State Teachers Retirement System now owns 36,841,390 shares of the utilities provider’s stock valued at $5,613,523,000 after purchasing an additional 36,599,942 shares during the period. BlackRock Inc. purchased a new position in DTE Energy during the second quarter worth about $3,915,284,000. Capital Research Global Investors raised its stake in DTE Energy by 3.1% during the fourth quarter. Capital Research Global Investors now owns 12,447,948 shares of the utilities provider’s stock worth $1,605,539,000 after purchasing an additional 379,443 shares during the period. State Street Corp boosted its holdings in DTE Energy by 2.5% in the 4th quarter. State Street Corp now owns 11,078,346 shares of the utilities provider’s stock valued at $1,441,776,000 after purchasing an additional 272,068 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in DTE Energy by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 5,592,670 shares of the utilities provider’s stock valued at $718,668,000 after purchasing an additional 117,322 shares during the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Price Performance

DTE stock opened at $132.51 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.53 and a debt-to-equity ratio of 2.13. The company has a market capitalization of $27.57 billion, a PE ratio of 20.97, a P/E/G ratio of 2.88 and a beta of 0.37. DTE Energy Company has a 12-month low of $126.23 and a 12-month high of $155.74. The business’s fifty day moving average price is $141.71 and its 200 day moving average price is $144.86.

DTE Energy (NYSE:DTE) last announced its earnings results on Tuesday, July 28th. The utilities provider reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.18. The company had revenue of $6.74 billion during the quarter, compared to analysts’ expectations of $3.36 billion. DTE Energy had a return on equity of 12.19% and a net margin of 8.00%.During the same period last year, the business posted $1.36 EPS. On average, sell-side analysts anticipate that DTE Energy Company will post 7.71 EPS for the current year.

DTE Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Monday, September 21st will be paid a $1.165 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a $4.66 annualized dividend and a dividend yield of 3.5%. DTE Energy’s dividend payout ratio (DPR) is presently 73.73%.

Insider Buying and Selling at DTE Energy

In related news, Vice Chairman Trevor Lauer sold 5,000 shares of DTE Energy stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $135.71, for a total value of $678,550.00. Following the completion of the transaction, the insider owned 73,122 shares in the company, valued at approximately $9,923,386.62. The trade was a 6.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DTE. Mizuho cut their price target on shares of DTE Energy from $164.00 to $152.00 and set an “outperform” rating for the company in a report on Thursday, August 27th. Morgan Stanley decreased their price objective on DTE Energy from $153.00 to $148.00 and set an “overweight” rating on the stock in a report on Friday, August 21st. BMO Capital Markets lowered their price objective on DTE Energy from $150.00 to $143.00 and set a “market perform” rating for the company in a research report on Friday, August 28th. JPMorgan Chase & Co. lifted their target price on DTE Energy from $155.00 to $162.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Finally, Jefferies Financial Group set a $172.00 price target on shares of DTE Energy in a research note on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $157.00.

DTE Energy Company Profile

DTE Energy Company is a diversified energy holding company headquartered in Detroit, Michigan. Its principal businesses are DTE Electric, which generates, transmits and distributes electricity, and DTE Gas, which stores, transports and distributes natural gas. Through these utilities, the company serves residential, commercial and industrial customers primarily throughout southeastern Michigan.

DTE Energy also operates businesses involved in energy marketing and trading, renewable and conventional power generation, and other energy-related services.