DTE Energy Company (NYSE:DTE) Shares Bought by DekaBank Deutsche Girozentrale
DekaBank Deutsche Girozentrale increased its position in DTE Energy Company (NYSE:DTE) by 13.2% during the second quarter, Holdings Channel reports. The institutional investor owned 168,773 shares of the utilities provider’s stock after buying an additional 19,726 shares during the period. DekaBank Deutsche Girozentrale’s holdings in DTE Energy were worth $17,963,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Sigma Planning Corp boosted its position in DTE Energy by 15.9% in the first quarter. Sigma Planning Corp now owns 31,020 shares of the utilities provider’s stock worth $3,167,000 after buying an additional 4,263 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in DTE Energy by 4.0% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,785 shares of the utilities provider’s stock worth $457,000 after buying an additional 186 shares in the last quarter. Candriam Luxembourg S.C.A. boosted its position in DTE Energy by 22.4% in the first quarter. Candriam Luxembourg S.C.A. now owns 29,062 shares of the utilities provider’s stock worth $2,968,000 after buying an additional 5,324 shares in the last quarter. Hexavest Inc. boosted its position in DTE Energy by 3.1% in the first quarter. Hexavest Inc. now owns 313,191 shares of the utilities provider’s stock worth $31,980,000 after buying an additional 9,304 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its position in DTE Energy by 279.8% in the first quarter. State of Alaska Department of Revenue now owns 10,991 shares of the utilities provider’s stock worth $1,121,000 after buying an additional 8,097 shares in the last quarter. 67.75% of the stock is owned by institutional investors and hedge funds.
Shares of DTE Energy Company (NYSE:DTE) opened at 107.87 on Friday. DTE Energy Company has a 52-week low of $89.66 and a 52-week high of $111.35. The firm has a market cap of $19.35 billion, a price-to-earnings ratio of 18.57 and a beta of 0.21. The company’s 50-day moving average is $106.88 and its 200 day moving average is $104.26.
DTE Energy (NYSE:DTE) last announced its quarterly earnings data 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. The company had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.35 billion. DTE Energy had a net margin of 8.80% and a return on equity of 10.67%. DTE Energy’s revenue was up 26.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.98 EPS. On average, analysts expect that DTE Energy Company will post $5.41 earnings per share for the current fiscal year.
The company also recently disclosed 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 of this dividend is Friday, September 15th. This represents a $3.30 annualized dividend and a yield of 3.06%. DTE Energy’s dividend payout ratio is currently 56.60%.
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A number of research firms have issued reports on DTE. BidaskClub cut shares of DTE Energy from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 24th. Zacks Investment Research cut shares of DTE Energy from a “buy” rating to a “hold” rating in a report on Monday, July 31st. BMO Capital Markets reaffirmed a “hold” rating and issued a $111.00 price target on shares of DTE Energy in a report on Friday, July 28th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $117.00 price target (up previously from $108.50) on shares of DTE Energy in a report on Thursday, April 27th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $115.00 price target (up previously from $106.00) on shares of DTE Energy in a report on Sunday, April 23rd. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $108.00.
In other DTE Energy news, SVP Bruce D. Peterson sold 5,000 shares of the business’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $110.08, for a total value of $550,400.00. Following the transaction, the senior vice president now directly owns 29,156 shares of the company’s stock, valued at approximately $3,209,492.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Gerard M. Anderson sold 12,000 shares of the business’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $106.83, for a total transaction of $1,281,960.00. Following the completion of the transaction, the chairman now directly owns 80,000 shares in the company, valued at $8,546,400. The disclosure for this sale can be found here. Insiders sold a total of 32,263 shares of company stock worth $3,489,815 over the last three months. 0.53% of the stock is currently owned by corporate insiders.
About DTE Energy
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