DTE Energy (NYSE:DTE) Shares Sold by Banco Santander S.A.

Banco Santander S.A. trimmed its position in DTE Energy (NYSE:DTE) by 0.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 38,921 shares of the utilities provider’s stock after selling 320 shares during the period. Banco Santander S.A.’s holdings in DTE Energy were worth $4,321,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of DTE. Grayhawk Investment Strategies Inc. acquired a new position in shares of DTE Energy during the 4th quarter worth approximately $1,305,000. Intech Investment Management LLC boosted its holdings in shares of DTE Energy by 62.7% during the 4th quarter. Intech Investment Management LLC now owns 26,421 shares of the utilities provider’s stock worth $2,913,000 after purchasing an additional 10,180 shares during the last quarter. UniSuper Management Pty Ltd boosted its holdings in shares of DTE Energy by 407.3% during the 1st quarter. UniSuper Management Pty Ltd now owns 10,715 shares of the utilities provider’s stock worth $1,202,000 after purchasing an additional 8,603 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of DTE Energy by 66.5% during the 4th quarter. Allianz Asset Management GmbH now owns 29,575 shares of the utilities provider’s stock worth $3,261,000 after purchasing an additional 11,809 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of DTE Energy by 9.9% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 124,264 shares of the utilities provider’s stock worth $13,934,000 after purchasing an additional 11,218 shares during the last quarter. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. LADENBURG THALM/SH SH assumed coverage on DTE Energy in a report on Wednesday, August 14th. They set a “buy” rating and a $131.00 target price on the stock. Morgan Stanley boosted their target price on DTE Energy from $114.00 to $121.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. KeyCorp upped their price objective on DTE Energy from $117.00 to $125.00 and gave the company an “overweight” rating in a report on Monday, May 20th. Barclays upped their price objective on DTE Energy from $123.00 to $128.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. Finally, BMO Capital Markets upped their price objective on DTE Energy from $120.00 to $123.00 and gave the company a “market perform” rating in a report on Monday, July 15th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.92.

DTE Energy Trading Up 0.2 %

NYSE DTE traded up $0.21 on Thursday, reaching $124.61. The stock had a trading volume of 580,526 shares, compared to its average volume of 1,070,289. The firm has a market capitalization of $25.79 billion, a price-to-earnings ratio of 20.39, a P/E/G ratio of 2.27 and a beta of 0.66. The company has a quick ratio of 0.52, a current ratio of 0.69 and a debt-to-equity ratio of 1.73. DTE Energy has a 12-month low of $90.14 and a 12-month high of $126.76. The stock has a fifty day moving average price of $116.93 and a two-hundred day moving average price of $112.96.

DTE Energy (NYSE:DTE) last announced its earnings results on Thursday, July 25th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.22. The company had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.65 billion. DTE Energy had a return on equity of 12.18% and a net margin of 11.18%. During the same quarter in the previous year, the company earned $0.99 earnings per share. As a group, sell-side analysts forecast that DTE Energy will post 6.7 EPS for the current fiscal year.

DTE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders 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 dividend yield of 3.27%. The ex-dividend date of this dividend is Monday, September 16th. DTE Energy’s dividend payout ratio is currently 66.78%.

Insider Transactions at DTE Energy

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

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.