DTE Energy (NYSE:DTE) Shares Bought by Raymond James Trust N.A.

Raymond James Trust N.A. boosted its stake in shares of DTE Energy (NYSE:DTE) by 70.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,852 shares of the utilities provider’s stock after purchasing an additional 2,842 shares during the quarter. Raymond James Trust N.A.’s holdings in DTE Energy were worth $761,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital Research Global Investors boosted its holdings in shares of DTE Energy by 1.2% during the first quarter. Capital Research Global Investors now owns 21,194,653 shares of the utilities provider’s stock valued at $2,376,768,000 after acquiring an additional 261,623 shares during the period. Boston Partners lifted its position in DTE Energy by 66.8% in the 4th quarter. Boston Partners now owns 2,542,081 shares of the utilities provider’s stock valued at $280,247,000 after purchasing an additional 1,018,212 shares during the last quarter. Clearbridge Investments LLC boosted its stake in DTE Energy by 224.7% during the 1st quarter. Clearbridge Investments LLC now owns 2,538,106 shares of the utilities provider’s stock valued at $284,623,000 after purchasing an additional 1,756,459 shares during the period. Janus Henderson Group PLC grew its position in DTE Energy by 6,964.9% in the 1st quarter. Janus Henderson Group PLC now owns 2,090,350 shares of the utilities provider’s stock worth $234,410,000 after purchasing an additional 2,060,762 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of DTE Energy by 2.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,682,067 shares of the utilities provider’s stock valued at $185,465,000 after purchasing an additional 40,208 shares during the period. 76.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DTE has been the subject of a number of recent analyst reports. BMO Capital Markets increased their price objective on DTE Energy from $120.00 to $123.00 and gave the stock a “market perform” rating in a report on Monday, July 15th. KeyCorp upped their target price on DTE Energy from $117.00 to $125.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a research note on Sunday, August 11th. LADENBURG THALM/SH SH assumed coverage on shares of DTE Energy in a report on Wednesday, August 14th. They issued a “buy” rating and a $131.00 price target for the company. Finally, Morgan Stanley raised their price objective on shares of DTE Energy from $114.00 to $121.00 and gave the company an “overweight” rating in a research report on Friday. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $122.82.

Insider Buying and Selling at DTE Energy

In other news, VP Lisa A. Muschong sold 1,198 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $116.61, for a total transaction of $139,698.78. Following the transaction, the vice president now directly owns 4,271 shares in the company, valued at approximately $498,041.31. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other DTE Energy news, Vice Chairman Trevor F. Lauer sold 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $115.07, for a total value of $402,745.00. Following the completion of the sale, the insider now directly owns 59,475 shares of the company’s stock, valued at $6,843,788.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Lisa A. Muschong sold 1,198 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $116.61, for a total transaction of $139,698.78. Following the transaction, the vice president now owns 4,271 shares in the company, valued at approximately $498,041.31. The disclosure for this sale can be found here. Company insiders own 0.61% of the company’s stock.

DTE Energy Trading Up 0.7 %

NYSE DTE traded up $0.82 on Monday, hitting $124.64. 28,436 shares of the stock were exchanged, compared to its average volume of 1,076,178. The company’s 50-day moving average price is $116.10 and its two-hundred day moving average price is $112.60. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.69 and a quick ratio of 0.52. DTE Energy has a 52-week low of $90.14 and a 52-week high of $126.76. The company has a market capitalization of $25.79 billion, a price-to-earnings ratio of 20.27, a P/E/G ratio of 2.27 and a beta of 0.66.

DTE Energy (NYSE:DTE) last issued its quarterly earnings results on Thursday, July 25th. The utilities provider reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.22. DTE Energy had a return on equity of 12.18% and a net margin of 11.18%. The business had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the previous year, the company posted $0.99 earnings per share. Research analysts predict that DTE Energy will post 6.7 EPS for the current year.

DTE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 16th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend is Monday, September 16th. DTE Energy’s payout ratio is presently 66.78%.

DTE Energy Profile

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets.