DTE Energy Company (DTE) Shares Bought by United Services Automobile Association

United Services Automobile Association boosted its position in DTE Energy Company (NYSE:DTE) by 11.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,172 shares of the utilities provider’s stock after buying an additional 6,453 shares during the period. United Services Automobile Association’s holdings in DTE Energy Company were worth $6,553,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Sheaff Brock Investment Advisors LLC boosted its position in DTE Energy Company by 0.3% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 4,709 shares of the utilities provider’s stock worth $481,000 after buying an additional 13 shares in the last quarter. Whittier Trust Co. boosted its position in DTE Energy Company by 1.1% in the first quarter. Whittier Trust Co. now owns 1,279 shares of the utilities provider’s stock worth $131,000 after buying an additional 14 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of DTE Energy Company by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,286 shares of the utilities provider’s stock valued at $1,013,000 after buying an additional 38 shares during the period. Trust Co. of Toledo NA OH boosted its position in shares of DTE Energy Company by 0.3% in the first quarter. Trust Co. of Toledo NA OH now owns 16,407 shares of the utilities provider’s stock valued at $1,675,000 after buying an additional 48 shares during the period. Finally, Capital One National Association boosted its position in shares of DTE Energy Company by 2.3% in the first quarter. Capital One National Association now owns 2,250 shares of the utilities provider’s stock valued at $230,000 after buying an additional 51 shares during the period. Institutional investors own 68.02% of the company’s stock.

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

DTE Energy Company (NYSE DTE) traded up 0.27% during mid-day trading on Tuesday, hitting $111.20. 182,186 shares of the stock traded hands. The stock’s 50 day moving average is $107.49 and its 200-day moving average is $101.86. The company has a market cap of $19.95 billion, a price-to-earnings ratio of 19.57 and a beta of 0.22. DTE Energy Company has a 12 month low of $89.66 and a 12 month high of $111.35.

DTE Energy Company (NYSE:DTE) last released its earnings results on Wednesday, April 26th. The utilities provider reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.22. DTE Energy Company had a net margin of 9.04% and a return on equity of 10.74%. The business had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same period in the previous year, the firm earned $1.52 EPS. The business’s revenue for the quarter was up 26.1% on a year-over-year basis. On average, equities research analysts anticipate that DTE Energy Company will post $5.33 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, July 15th. Stockholders of record on Monday, June 19th will be given a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 2.98%. The ex-dividend date of this dividend is Thursday, June 15th. DTE Energy Company’s dividend payout ratio (DPR) is currently 58.10%.

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Several brokerages have recently commented on DTE. Barclays PLC reiterated an “overweight” rating and set a $115.00 price objective (up previously from $106.00) on shares of DTE Energy Company in a report on Sunday, April 23rd. Zacks Investment Research upgraded DTE Energy Company from a “hold” rating to a “buy” rating and set a $116.00 target price for the company in a research note on Tuesday, April 11th. Jefferies Group LLC restated a “buy” rating and issued a $117.00 target price (up previously from $108.50) on shares of DTE Energy Company in a research note on Thursday, April 27th. Finally, Deutsche Bank AG increased their price target on DTE Energy Company from $100.00 to $103.00 and gave the stock a “hold” rating in a research report on Tuesday, April 11th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. DTE Energy Company presently has a consensus rating of “Buy” and a consensus target price of $108.00.

In related news, VP Lisa A. Muschong sold 426 shares of the business’s stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $109.51, for a total transaction of $46,651.26. Following the transaction, the vice president now directly owns 2,543 shares of the company’s stock, valued at $278,483.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Gerardo Norcia sold 4,838 shares of the business’s stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $110.73, for a total transaction of $535,711.74. Following the transaction, the chief operating officer now directly owns 115,930 shares in the company, valued at $12,836,928.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,064 shares of company stock worth $3,309,851. 0.53% of the stock is currently owned by insiders.

DTE Energy Company Company Profile

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