5,142 Shares in DTE Energy Company $DTE Acquired by United Services Automobile Association

Key Points

• United Services Automobile Association acquired 5,142 shares of DTE Energy Company, valued at approximately $702,000, as reported in its latest 13F filing with the SEC.
• DTE Energy's quarterly earnings report indicated a miss on earnings per share estimates, posting $1.36 instead of the expected $1.37, but exceeded revenue expectations with $2.91 billion.
• The company has announced a quarterly dividend of $1.09 per share, representing a 3.2% yield, with the ex-dividend date set for September 15th.

United Services Automobile Association purchased a new position in shares of DTE Energy Company (NYSE:DTE - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,142 shares of the utilities provider's stock, valued at approximately $702,000.

Several other large investors also recently made changes to their positions in DTE. Captrust Financial Advisors lifted its holdings in DTE Energy by 57.1% during the 4th quarter. Captrust Financial Advisors now owns 17,339 shares of the utilities provider's stock valued at $2,094,000 after purchasing an additional 6,301 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of DTE Energy by 2.1% during the fourth quarter. Cetera Investment Advisers now owns 30,038 shares of the utilities provider's stock worth $3,627,000 after buying an additional 622 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its holdings in shares of DTE Energy by 1,064.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 91,671 shares of the utilities provider's stock worth $11,069,000 after buying an additional 83,799 shares in the last quarter. Ethic Inc. acquired a new stake in shares of DTE Energy during the fourth quarter worth $784,000. Finally, LMR Partners LLP acquired a new stake in shares of DTE Energy during the fourth quarter worth $799,000. Institutional investors and hedge funds own 76.06% of the company's stock.

Insider Buying and Selling at DTE Energy

In related news, VP Lisa A. Muschong sold 1,600 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The stock was 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 in the company, valued at $583,621.09. This trade represents a 27.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.33% of the company's stock.

DTE Energy Stock Down 0.0%

DTE Energy stock traded down $0.02 during trading on Friday, hitting $136.74. 940,281 shares of the company were exchanged, compared to its average volume of 907,431. The company has a current ratio of 0.94, a quick ratio of 0.57 and a debt-to-equity ratio of 1.96. The company has a market capitalization of $28.39 billion, a P/E ratio of 19.67, a PEG ratio of 2.72 and a beta of 0.42. DTE Energy Company has a 52 week low of $115.59 and a 52 week high of $142.05. The business's 50 day moving average is $137.23 and its 200 day moving average is $135.18.

DTE Energy (NYSE:DTE - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The utilities provider reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.01). The firm had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.67 billion. DTE Energy had a return on equity of 12.72% and a net margin of 10.16%. Analysts predict that DTE Energy Company will post 7.18 earnings per share for the current year.

DTE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be issued 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 dividend payout ratio (DPR) is currently 62.73%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on DTE shares. Citigroup restated a "buy" rating and issued a $151.00 price target (up previously from $142.00) on shares of DTE Energy in a research report on Friday, May 23rd. JPMorgan Chase & Co. lifted their target price on DTE Energy from $145.00 to $147.00 and gave the company a "neutral" rating in a research report on Tuesday, July 15th. Barclays raised their price target on shares of DTE Energy from $136.00 to $138.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 15th. Morgan Stanley set a $140.00 price target on DTE Energy and gave the stock an "overweight" rating in a report on Thursday, August 21st. Finally, Wall Street Zen upgraded DTE Energy from a "sell" rating to a "hold" rating in a report on Saturday, September 6th. Seven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $144.25.

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.