AMP Capital Investors Ltd Lowers Position in DTE Energy Co (NYSE:DTE)

AMP Capital Investors Ltd trimmed its stake in DTE Energy Co (NYSE:DTE) by 5.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 155,138 shares of the utilities provider’s stock after selling 8,940 shares during the period. AMP Capital Investors Ltd owned 0.09% of DTE Energy worth $16,655,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of DTE. Janus Henderson Group PLC increased its stake in shares of DTE Energy by 7,495.0% in the 2nd quarter. Janus Henderson Group PLC now owns 1,645,752 shares of the utilities provider’s stock worth $174,104,000 after acquiring an additional 1,624,083 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in DTE Energy by 36.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 2,122,051 shares of the utilities provider’s stock valued at $224,492,000 after purchasing an additional 572,523 shares in the last quarter. APG Asset Management N.V. increased its stake in DTE Energy by 190.0% during the 3rd quarter. APG Asset Management N.V. now owns 658,763 shares of the utilities provider’s stock valued at $70,725,000 after purchasing an additional 431,600 shares in the last quarter. Vanguard Group Inc. increased its stake in DTE Energy by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 18,988,361 shares of the utilities provider’s stock valued at $2,008,779,000 after purchasing an additional 375,899 shares in the last quarter. Finally, Financial Engines Advisors L.L.C. bought a new stake in DTE Energy during the 2nd quarter valued at about $35,243,000. 68.31% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have weighed in on DTE. Credit Suisse Group reduced their price objective on shares of DTE Energy from $113.00 to $112.00 and set a “neutral” rating for the company in a research note on Thursday, October 26th. KeyCorp reaffirmed a “buy” rating and set a $118.50 price target on shares of DTE Energy in a report on Friday, December 15th. Finally, Bank of America began coverage on shares of DTE Energy in a report on Tuesday, October 24th. They set an “underperform” rating and a $112.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $112.19.

In other DTE Energy news, Chairman Gerard M. Anderson sold 12,389 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $112.93, for a total transaction of $1,399,089.77. Following the transaction, the chairman now owns 83,000 shares in the company, valued at $9,373,190. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.53% of the company’s stock.

DTE Energy Co (NYSE:DTE) traded down $0.15 during trading on Friday, hitting $109.46. 633,876 shares of the stock traded hands, compared to its average volume of 865,432. The company has a market capitalization of $19,636.03, a PE ratio of 20.05, a P/E/G ratio of 3.29 and a beta of 0.23. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.77 and a current ratio of 1.08. DTE Energy Co has a 52-week low of $96.56 and a 52-week high of $116.74.

DTE Energy (NYSE:DTE) last released its quarterly earnings data on Wednesday, October 25th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.05). DTE Energy had a net margin of 8.01% and a return on equity of 9.56%. The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the previous year, the business earned $1.96 EPS. The company’s quarterly revenue was up 10.8% on a year-over-year basis. sell-side analysts expect that DTE Energy Co will post 5.54 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Monday, December 18th will be given a dividend of $0.8825 per share. This is a boost from DTE Energy’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Friday, December 15th. This represents a $3.53 dividend on an annualized basis and a yield of 3.22%. DTE Energy’s payout ratio is 64.65%.

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DTE Energy Profile

Institutional Ownership by Quarter for DTE Energy (NYSE:DTE)

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