DTE Energy Company $DTE Shares Sold by Amundi

Amundi cut its holdings in shares of DTE Energy Company (NYSE:DTE - Free Report) by 12.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 287,309 shares of the utilities provider's stock after selling 41,351 shares during the quarter. Amundi owned 0.14% of DTE Energy worth $40,077,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Graypoint LLC lifted its holdings in DTE Energy by 3.8% during the 1st quarter. Graypoint LLC now owns 2,021 shares of the utilities provider's stock worth $279,000 after buying an additional 74 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of DTE Energy by 0.9% in the 1st quarter. UMB Bank n.a. now owns 9,041 shares of the utilities provider's stock valued at $1,250,000 after purchasing an additional 78 shares in the last quarter. OneDigital Investment Advisors LLC raised its holdings in shares of DTE Energy by 2.0% in the 1st quarter. OneDigital Investment Advisors LLC now owns 3,918 shares of the utilities provider's stock valued at $542,000 after purchasing an additional 78 shares in the last quarter. Stephens Inc. AR raised its holdings in shares of DTE Energy by 1.8% in the 1st quarter. Stephens Inc. AR now owns 4,555 shares of the utilities provider's stock valued at $630,000 after purchasing an additional 81 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of DTE Energy by 1.2% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 6,721 shares of the utilities provider's stock valued at $929,000 after purchasing an additional 82 shares in the last quarter. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on DTE shares. JPMorgan Chase & Co. raised their price objective on shares of DTE Energy from $145.00 to $147.00 and gave the company a "neutral" rating in a report on Tuesday, July 15th. Barclays raised their price objective on shares of DTE Energy from $136.00 to $138.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 15th. Morgan Stanley set a $140.00 target price on shares of DTE Energy and gave the company an "overweight" rating in a report on Thursday, August 21st. Citigroup reiterated a "buy" rating and issued a $151.00 price objective (up previously from $142.00) on shares of DTE Energy in a research note on Friday, May 23rd. Finally, BMO Capital Markets raised their price objective on shares of DTE Energy from $140.00 to $144.00 and gave the company a "market perform" rating in a research note on Monday, August 25th. Seven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, DTE Energy has an average rating of "Moderate Buy" and a consensus price target of $144.25.

DTE Energy Trading Down 0.1%

DTE traded down $0.14 during trading on Friday, hitting $136.62. 183,008 shares of the company's stock were exchanged, compared to its average volume of 1,348,935. The company has a current ratio of 0.94, a quick ratio of 0.57 and a debt-to-equity ratio of 1.96. DTE Energy Company has a 1 year low of $115.59 and a 1 year high of $142.05. The stock has a 50 day moving average price of $137.11 and a 200 day moving average price of $135.16. The firm has a market cap of $28.36 billion, a P/E ratio of 19.66, a price-to-earnings-growth ratio of 2.69 and a beta of 0.42.

DTE Energy (NYSE:DTE - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The utilities provider reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.01). DTE Energy had a return on equity of 12.72% and a net margin of 10.16%.The business had revenue of $2.91 billion for the quarter, compared to analysts' expectations of $2.67 billion. As a group, analysts expect that DTE Energy Company will post 7.18 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be given a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Monday, September 15th. DTE Energy's payout ratio is presently 62.73%.

Insider Activity at DTE Energy

In other news, VP Lisa A. Muschong sold 1,600 shares of the business's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $140.53, for a total transaction of $224,848.00. Following the transaction, the vice president directly owned 4,153 shares of the company's stock, valued at approximately $583,621.09. The trade was a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.33% of the company's stock.

About DTE Energy

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.