Amundi Sells 9,389 Shares of DTE Energy Company $DTE

Amundi lessened its stake in shares of DTE Energy Company (NYSE:DTE - Free Report) by 1.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 534,625 shares of the utilities provider's stock after selling 9,389 shares during the period. Amundi owned 0.26% of DTE Energy worth $81,461,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Callan Family Office LLC bought a new stake in shares of DTE Energy during the second quarter valued at approximately $1,438,000. Convergence Investment Partners LLC acquired a new position in shares of DTE Energy during the first quarter worth approximately $3,142,000. Louisiana State Employees Retirement System bought a new position in shares of DTE Energy in the 1st quarter worth $1,550,000. Capital Innovations LLC bought a new position in shares of DTE Energy in the 4th quarter worth $1,014,000. Finally, OMERS ADMINISTRATION Corp acquired a new stake in DTE Energy in the 2nd quarter valued at $2,236,000. 76.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on DTE. Morgan Stanley decreased their price target on shares of DTE Energy from $153.00 to $148.00 and set an "overweight" rating for the company in a research note on Friday, August 21st. BMO Capital Markets dropped their price objective on shares of DTE Energy from $150.00 to $143.00 and set a "market perform" rating on the stock in a research note on Friday, August 28th. Weiss Ratings upgraded shares of DTE Energy from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, July 28th. Wall Street Zen cut shares of DTE Energy from a "hold" rating to a "sell" rating in a report on Saturday, August 15th. Finally, Wells Fargo & Company reissued an "overweight" rating and set a $165.00 target price on shares of DTE Energy in a research report on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, DTE Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $157.00.

Insider Buying and Selling at DTE Energy

In other news, Vice Chairman Trevor Lauer sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $135.71, for a total value of $678,550.00. Following the transaction, the insider owned 73,122 shares in the company, valued at $9,923,386.62. The trade was a 6.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is owned by insiders.

DTE Energy Trading Down 0.9%

NYSE DTE opened at $136.03 on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.53 and a debt-to-equity ratio of 2.13. The business has a fifty day simple moving average of $142.52 and a 200 day simple moving average of $145.02. DTE Energy Company has a 12 month low of $126.23 and a 12 month high of $155.74. The firm has a market capitalization of $28.31 billion, a P/E ratio of 21.52, a PEG ratio of 2.98 and a beta of 0.37.

DTE Energy (NYSE:DTE - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $1.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.14 by $0.18. DTE Energy had a net margin of 8.00% and a return on equity of 12.19%. The firm had revenue of $6.74 billion for the quarter, compared to the consensus estimate of $3.36 billion. During the same period in the previous year, the firm earned $1.36 EPS. On average, analysts predict that DTE Energy Company will post 7.71 EPS for the current fiscal year.

DTE Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Monday, September 21st will be given a dividend of $1.165 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a $4.66 annualized dividend and a dividend yield of 3.4%. DTE Energy's dividend payout ratio (DPR) is currently 73.73%.

DTE Energy Profile

DTE Energy Company is a diversified energy holding company headquartered in Detroit, Michigan. Its principal businesses are DTE Electric, which generates, transmits and distributes electricity, and DTE Gas, which stores, transports and distributes natural gas. Through these utilities, the company serves residential, commercial and industrial customers primarily throughout southeastern Michigan.

DTE Energy also operates businesses involved in energy marketing and trading, renewable and conventional power generation, and other energy-related services.

Want to see what other hedge funds are holding DTE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DTE Energy Company (NYSE:DTE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.