Commonwealth Bank of Australia boosted its stake in shares of DTE Energy Company (NYSE:DTE) by 0.4% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 19,068 shares of the utilities provider’s stock after acquiring an additional 69 shares during the period. Commonwealth Bank of Australia’s holdings in DTE Energy were worth $2,015,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Pacad Investment Ltd. acquired a new position in DTE Energy during the second quarter worth $106,000. Gradient Investments LLC raised its position in DTE Energy by 0.3% during the second quarter. Gradient Investments LLC now owns 1,048 shares of the utilities provider’s stock worth $111,000 after acquiring an additional 3 shares during the period. Tortoise Capital Advisors L.L.C. raised its position in DTE Energy by 335.1% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 1,340 shares of the utilities provider’s stock worth $142,000 after acquiring an additional 1,032 shares during the period. Johnson Financial Group Inc. raised its position in DTE Energy by 226.0% during the first quarter. Johnson Financial Group Inc. now owns 1,542 shares of the utilities provider’s stock worth $158,000 after acquiring an additional 1,069 shares during the period. Finally, Van ECK Associates Corp raised its position in DTE Energy by 18.0% during the first quarter. Van ECK Associates Corp now owns 1,551 shares of the utilities provider’s stock worth $158,000 after acquiring an additional 237 shares during the period. Institutional investors own 68.63% of the company’s stock.
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In other news, Chairman Gerard M. Anderson sold 12,000 shares of DTE Energy stock in a transaction on Friday, July 28th. The stock was 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 owns 80,000 shares of the company’s stock, valued at approximately $8,546,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Mark W. Stiers sold 3,632 shares of DTE Energy stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $110.03, for a total value of $399,628.96. Following the transaction, the insider now directly owns 25,257 shares of the company’s stock, valued at approximately $2,779,027.71. The disclosure for this sale can be found here. Insiders have sold a total of 25,631 shares of company stock valued at $2,756,681 in the last ninety days. Corporate insiders own 0.53% of the company’s stock.
A number of equities analysts have weighed in on DTE shares. BidaskClub cut shares of DTE Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. KeyCorp restated a “buy” rating and set a $113.00 price objective on shares of DTE Energy in a research report on Sunday, August 27th. Jefferies Group LLC restated a “buy” rating and set a $121.00 price objective on shares of DTE Energy in a research report on Tuesday, August 29th. Zacks Investment Research cut shares of DTE Energy from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, BMO Capital Markets restated a “hold” rating and set a $111.00 price objective on shares of DTE Energy in a research report on Friday, July 28th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. DTE Energy presently has an average rating of “Buy” and a consensus price target of $109.20.
Shares of DTE Energy Company (NYSE:DTE) opened at 111.29 on Wednesday. The firm has a market capitalization of $19.96 billion, a PE ratio of 19.16 and a beta of 0.22. The stock has a 50 day moving average of $109.91 and a 200-day moving average of $106.25. DTE Energy Company has a 12 month low of $89.66 and a 12 month high of $113.71.
DTE Energy (NYSE:DTE) last released its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.08. The business had revenue of $2.86 billion during 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 revenue was up 26.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.98 EPS. On average, equities research analysts anticipate that DTE Energy Company will post $5.42 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Sunday, October 15th. Stockholders of record on Monday, September 18th will be paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend is Friday, September 15th. DTE Energy’s dividend payout ratio (DPR) is presently 56.60%.
DTE Energy Company Profile
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