Regal Investment Advisors LLC lessened its stake in shares of DTE Energy Company (NYSE:DTE) by 0.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,191 shares of the utilities provider’s stock after selling 21 shares during the period. Regal Investment Advisors LLC’s holdings in DTE Energy were worth $232,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Pacad Investment Ltd. bought a new position in DTE Energy during the 2nd quarter valued at approximately $106,000. Gradient Investments LLC increased its position in DTE Energy by 0.3% during the 2nd quarter. Gradient Investments LLC now owns 1,048 shares of the utilities provider’s stock valued at $111,000 after buying an additional 3 shares in the last quarter. Vantage Investment Advisors LLC increased its position in DTE Energy by 0.8% during the 2nd quarter. Vantage Investment Advisors LLC now owns 1,323 shares of the utilities provider’s stock valued at $140,000 after buying an additional 10 shares in the last quarter. Tortoise Capital Advisors L.L.C. increased its position in DTE Energy by 335.1% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 1,340 shares of the utilities provider’s stock valued at $142,000 after buying an additional 1,032 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in DTE Energy by 18.0% during the 1st quarter. Van ECK Associates Corp now owns 1,551 shares of the utilities provider’s stock valued at $158,000 after buying an additional 237 shares in the last quarter. 68.63% of the stock is owned by institutional investors.
In related news, Chairman Gerard M. Anderson sold 12,000 shares of the company’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $106.83, for a total value of $1,281,960.00. Following the transaction, the chairman now directly owns 80,000 shares of the company’s stock, valued at approximately $8,546,400. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Mark W. Stiers sold 3,632 shares of the company’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $110.03, for a total value of $399,628.96. Following the completion of the transaction, the insider now directly owns 25,257 shares in the company, valued at $2,779,027.71. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,631 shares of company stock worth $2,756,681. 0.53% of the stock is owned by insiders.
DTE Energy Company (NYSE:DTE) traded up 0.13% during mid-day trading on Monday, hitting $112.99. The company’s stock had a trading volume of 55,319 shares. The firm’s 50-day moving average is $109.80 and its 200-day moving average is $106.16. DTE Energy Company has a 12-month low of $89.66 and a 12-month high of $113.13. The company has a market cap of $20.27 billion, a P/E ratio of 19.45 and a beta of 0.22.
DTE Energy (NYSE:DTE) last issued its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.08. The business had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.35 billion. DTE Energy had a return on equity of 10.67% and a net margin of 8.80%. The business’s quarterly revenue was up 26.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.98 earnings per share. Analysts predict that DTE Energy Company will post $5.42 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Sunday, October 15th. Investors of record on Monday, September 18th will be given a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend is Friday, September 15th. DTE Energy’s payout ratio is 56.60%.
A number of research analysts recently weighed in on DTE shares. BidaskClub lowered DTE Energy from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 24th. BMO Capital Markets reaffirmed a “hold” rating and set a $111.00 price objective on shares of DTE Energy in a research report on Friday, July 28th. Zacks Investment Research lowered DTE Energy from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. KeyCorp reaffirmed a “buy” rating and set a $113.00 price objective on shares of DTE Energy in a research report on Sunday, August 27th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $121.00 target price on shares of DTE Energy in a report on Tuesday, August 29th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $109.20.
DTE Energy Profile
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