DTE Energy Company (DTE) Stake Lifted by Intrust Bank NA
Intrust Bank NA lifted its position in shares of DTE Energy Company (NYSE:DTE) by 30.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,338 shares of the utilities provider’s stock after acquiring an additional 1,485 shares during the quarter. Intrust Bank NA’s holdings in DTE Energy were worth $680,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of DTE. Virginia Retirement Systems ET AL grew its position in DTE Energy by 171.2% during the second quarter. Virginia Retirement Systems ET AL now owns 17,900 shares of the utilities provider’s stock worth $1,894,000 after buying an additional 11,300 shares during the period. Swiss National Bank grew its position in DTE Energy by 9.9% during the second quarter. Swiss National Bank now owns 698,625 shares of the utilities provider’s stock worth $73,908,000 after buying an additional 62,900 shares during the period. GAM Holding AG grew its position in DTE Energy by 27.0% during the second quarter. GAM Holding AG now owns 24,877 shares of the utilities provider’s stock worth $2,632,000 after buying an additional 5,291 shares during the period. Shell Asset Management Co. grew its position in DTE Energy by 1.9% during the second quarter. Shell Asset Management Co. now owns 16,404 shares of the utilities provider’s stock worth $1,735,000 after buying an additional 300 shares during the period. Finally, Neuberger Berman Group LLC grew its position in DTE Energy by 0.4% during the second quarter. Neuberger Berman Group LLC now owns 775,387 shares of the utilities provider’s stock worth $82,028,000 after buying an additional 2,997 shares during the period. Institutional investors and hedge funds own 68.18% of the company’s stock.
In related news, insider Mark W. Stiers sold 3,632 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $110.03, for a total transaction of $399,628.96. Following the transaction, the insider now owns 25,257 shares of the company’s stock, valued at $2,779,027.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.53% of the company’s stock.
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Several research analysts have weighed in on DTE shares. Jefferies Group LLC restated a “buy” rating and set a $121.00 target price on shares of DTE Energy in a research report on Tuesday, August 29th. KeyCorp restated a “buy” rating and set a $113.00 target price on shares of DTE Energy in a research report on Sunday, August 27th. BidaskClub upgraded shares of DTE Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Zacks Investment Research lowered shares of DTE Energy from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $111.00 price target on shares of DTE Energy in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $111.50.
DTE Energy Company (NYSE:DTE) traded down $0.77 during mid-day trading on Monday, hitting $112.45. 636,000 shares of the stock traded hands, compared to its average volume of 874,839. The firm has a market capitalization of $20,172.44, a price-to-earnings ratio of 21.83, a PEG ratio of 3.38 and a beta of 0.23. DTE Energy Company has a twelve month low of $90.01 and a twelve month high of $113.71. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 1.20.
DTE Energy (NYSE:DTE) last announced its quarterly earnings data on Wednesday, October 25th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.05). The firm had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $2.80 billion. DTE Energy had a net margin of 8.01% and a return on equity of 9.56%. The business’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.96 EPS. sell-side analysts expect that DTE Energy Company will post 5.54 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Monday, December 18th will be paid a dividend of $0.8825 per share. This is an increase from DTE Energy’s previous quarterly dividend of $0.83. The ex-dividend date is Friday, December 15th. This represents a $3.53 annualized dividend and a dividend yield of 3.14%. DTE Energy’s dividend payout ratio is presently 60.44%.
DTE Energy Profile
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