Qtron Investments LLC Takes Position in DTE Energy Co (NYSE:DTE)

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Qtron Investments LLC acquired a new stake in DTE Energy Co (NYSE:DTE) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,642 shares of the utilities provider’s stock, valued at approximately $210,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Northern Trust Corp raised its position in shares of DTE Energy by 2.2% in the second quarter. Northern Trust Corp now owns 2,470,754 shares of the utilities provider’s stock valued at $315,960,000 after purchasing an additional 52,102 shares during the period. Geode Capital Management LLC grew its stake in DTE Energy by 6.9% during the fourth quarter. Geode Capital Management LLC now owns 2,344,758 shares of the utilities provider’s stock worth $258,174,000 after buying an additional 150,611 shares in the last quarter. Wells Fargo & Company MN grew its stake in DTE Energy by 5.2% during the second quarter. Wells Fargo & Company MN now owns 1,360,440 shares of the utilities provider’s stock worth $173,974,000 after buying an additional 67,039 shares in the last quarter. Reaves W H & Co. Inc. grew its stake in DTE Energy by 1.6% during the second quarter. Reaves W H & Co. Inc. now owns 1,314,737 shares of the utilities provider’s stock worth $168,129,000 after buying an additional 21,163 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of DTE Energy by 1.7% in the second quarter. Bank of New York Mellon Corp now owns 1,240,881 shares of the utilities provider’s stock worth $158,684,000 after acquiring an additional 20,872 shares during the last quarter. 70.90% of the stock is currently owned by institutional investors.

In other DTE Energy news, Chairman Gerard M. Anderson sold 11,500 shares of the stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $128.02, for a total value of $1,472,230.00. Following the transaction, the chairman now owns 80,406 shares of the company’s stock, valued at $10,293,576.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Mark W. Stiers sold 10,000 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $131.00, for a total value of $1,310,000.00. Following the completion of the transaction, the chief operating officer now directly owns 17,111 shares in the company, valued at approximately $2,241,541. The disclosure for this sale can be found here. Company insiders own 0.55% of the company’s stock.

Shares of NYSE DTE traded up $0.15 during trading on Friday, reaching $128.43. The company had a trading volume of 865,955 shares, compared to its average volume of 1,042,576. DTE Energy Co has a 12-month low of $106.41 and a 12-month high of $132.50. The stock has a market cap of $23.69 billion, a PE ratio of 20.39, a P/E/G ratio of 3.46 and a beta of 0.22. The business’s 50-day moving average is $129.11 and its 200 day moving average is $126.94. The company has a quick ratio of 0.54, a current ratio of 0.75 and a debt-to-equity ratio of 1.29.

DTE Energy (NYSE:DTE) last released its earnings results on Wednesday, July 24th. The utilities provider reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.10). DTE Energy had a return on equity of 10.33% and a net margin of 8.09%. The company had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same period in the prior year, the company posted $1.36 earnings per share. On average, analysts anticipate that DTE Energy Co will post 6.22 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 16th will be given a dividend of $0.945 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.78 annualized dividend and a dividend yield of 2.94%. DTE Energy’s dividend payout ratio (DPR) is presently 60.00%.

A number of research analysts recently issued reports on DTE shares. Wells Fargo & Co upgraded shares of DTE Energy from a “market perform” rating to an “outperform” rating and set a $145.00 price objective for the company in a report on Monday, August 26th. KeyCorp started coverage on shares of DTE Energy in a research report on Tuesday, June 4th. They issued an “overweight” rating and a $136.00 price target for the company. Bank of America lowered their target price on DTE Energy from $124.00 to $122.00 and set an “underperform” rating on the stock in a research note on Monday, June 3rd. Mizuho assumed coverage on DTE Energy in a research note on Monday, August 12th. They issued a “neutral” rating and a $131.00 price objective on the stock. Finally, ValuEngine lowered DTE Energy from a “buy” rating to a “hold” rating in a report on Saturday, August 10th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $128.64.

DTE Energy Company Profile

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.2 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.

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

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