DTE Energy (NYSE:DTE) Shares Sold by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV reduced its position in DTE Energy (NYSE:DTEGet Rating) by 1.6% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 5,670 shares of the utilities provider’s stock after selling 94 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in DTE Energy were worth $750,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Adirondack Trust Co. increased its stake in DTE Energy by 268.3% in the 1st quarter. Adirondack Trust Co. now owns 1,160 shares of the utilities provider’s stock valued at $153,000 after buying an additional 845 shares during the period. Oliver Lagore Vanvalin Investment Group acquired a new position in DTE Energy in the 4th quarter valued at $10,560,000. City Holding Co. increased its stake in DTE Energy by 13.8% in the 4th quarter. City Holding Co. now owns 9,360 shares of the utilities provider’s stock valued at $1,138,000 after buying an additional 1,136 shares during the period. City State Bank acquired a new position in DTE Energy in the 4th quarter valued at $32,000. Finally, Comprehensive Financial Consultants Institutional Inc. acquired a new position in DTE Energy in the 4th quarter valued at $375,000. 72.21% of the stock is currently owned by institutional investors.

Several equities research analysts have commented on DTE shares. UBS Group lowered shares of DTE Energy from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $136.00 to $133.00 in a research report on Friday, March 11th. StockNews.com started coverage on shares of DTE Energy in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Argus boosted their target price on shares of DTE Energy from $130.00 to $132.00 in a research report on Thursday, March 10th. Citigroup boosted their target price on shares of DTE Energy from $134.00 to $146.00 in a research report on Tuesday, May 3rd. Finally, Credit Suisse Group upgraded shares of DTE Energy from a “neutral” rating to an “outperform” rating and decreased their target price for the stock from $142.00 to $140.00 in a research report on Monday, May 23rd. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, DTE Energy has an average rating of “Moderate Buy” and a consensus price target of $130.91.

In other news, VP Lisa A. Muschong sold 600 shares of the company’s stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $134.28, for a total transaction of $80,568.00. Following the completion of the transaction, the vice president now owns 3,485 shares of the company’s stock, valued at approximately $467,965.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.61% of the company’s stock.

Shares of DTE stock opened at $117.90 on Thursday. The firm has a 50-day moving average price of $130.04 and a 200 day moving average price of $125.00. DTE Energy has a twelve month low of $107.38 and a twelve month high of $140.23. The company has a market capitalization of $22.84 billion, a price-to-earnings ratio of 25.35, a PEG ratio of 3.20 and a beta of 0.63. The company has a current ratio of 0.64, a quick ratio of 0.51 and a debt-to-equity ratio of 1.76.

DTE Energy (NYSE:DTEGet Rating) last posted its quarterly earnings data on Thursday, April 28th. The utilities provider reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.25. DTE Energy had a net margin of 5.59% and a return on equity of 13.58%. The company had revenue of $4.58 billion during the quarter, compared to the consensus estimate of $3.53 billion. During the same quarter in the prior year, the company posted $2.44 EPS. As a group, research analysts predict that DTE Energy will post 6.04 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Monday, June 20th will be paid a dividend of $0.885 per share. This represents a $3.54 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date is Thursday, June 16th. DTE Energy’s dividend payout ratio is currently 76.13%.

DTE Energy Company Profile (Get Rating)

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.3 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets.

Recommended Stories

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

Want More Great Investing Ideas?

Receive News & Ratings for DTE Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DTE Energy and related companies with MarketBeat.com's FREE daily email newsletter.