DTE Energy (NYSE:DTE) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its position in DTE Energy (NYSE:DTE) by 26.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 62,154 shares of the utilities provider’s stock after acquiring an additional 12,967 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in DTE Energy were worth $6,900,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Capital Research Global Investors increased its stake in shares of DTE Energy by 1.2% during the first quarter. Capital Research Global Investors now owns 21,194,653 shares of the utilities provider’s stock worth $2,376,768,000 after purchasing an additional 261,623 shares in the last quarter. Boston Partners increased its stake in shares of DTE Energy by 66.8% during the fourth quarter. Boston Partners now owns 2,542,081 shares of the utilities provider’s stock worth $280,247,000 after purchasing an additional 1,018,212 shares in the last quarter. Clearbridge Investments LLC increased its stake in shares of DTE Energy by 224.7% during the first quarter. Clearbridge Investments LLC now owns 2,538,106 shares of the utilities provider’s stock worth $284,623,000 after purchasing an additional 1,756,459 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of DTE Energy by 6,964.9% during the first quarter. Janus Henderson Group PLC now owns 2,090,350 shares of the utilities provider’s stock worth $234,410,000 after purchasing an additional 2,060,762 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of DTE Energy by 2.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,682,067 shares of the utilities provider’s stock worth $185,465,000 after purchasing an additional 40,208 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

Insider Transactions at DTE Energy

In other news, Vice Chairman Trevor F. Lauer sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $115.07, for a total value of $402,745.00. Following the transaction, the insider now directly owns 59,475 shares in the company, valued at approximately $6,843,788.25. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other DTE Energy news, VP Lisa A. Muschong sold 1,198 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $116.61, for a total transaction of $139,698.78. Following the sale, the vice president now directly owns 4,271 shares in the company, valued at approximately $498,041.31. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Vice Chairman Trevor F. Lauer sold 3,500 shares of the stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $115.07, for a total transaction of $402,745.00. Following the sale, the insider now owns 59,475 shares in the company, valued at $6,843,788.25. The disclosure for this sale can be found here. Company insiders own 0.61% of the company’s stock.

DTE Energy Trading Down 0.4 %

Shares of DTE stock traded down $0.48 during trading hours on Friday, hitting $124.11. The company had a trading volume of 136,954 shares, compared to its average volume of 1,064,734. The company’s fifty day moving average is $116.93 and its 200 day moving average is $112.96. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.69 and a quick ratio of 0.52. DTE Energy has a fifty-two week low of $90.14 and a fifty-two week high of $126.76. The stock has a market capitalization of $25.68 billion, a PE ratio of 20.33, a price-to-earnings-growth ratio of 2.27 and a beta of 0.66.

DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Thursday, July 25th. The utilities provider reported $1.43 EPS for the quarter, topping the consensus estimate of $1.21 by $0.22. DTE Energy had a net margin of 11.18% and a return on equity of 12.18%. The firm had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same period in the prior year, the business posted $0.99 EPS. Research analysts expect that DTE Energy will post 6.7 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 16th will be issued a $1.02 dividend. The ex-dividend date is Monday, September 16th. This represents a $4.08 annualized dividend and a dividend yield of 3.29%. DTE Energy’s dividend payout ratio is currently 66.78%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. KeyCorp upped their price objective on shares of DTE Energy from $117.00 to $125.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. Scotiabank upped their price objective on shares of DTE Energy from $120.00 to $137.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Bank of America upped their price objective on shares of DTE Energy from $131.00 to $136.00 and gave the company a “buy” rating in a research note on Thursday. StockNews.com raised shares of DTE Energy from a “sell” rating to a “hold” rating in a research note on Sunday, August 11th. Finally, BMO Capital Markets upped their price objective on shares of DTE Energy from $120.00 to $123.00 and gave the company a “market perform” rating in a research note on Monday, July 15th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, DTE Energy presently has a consensus rating of “Moderate Buy” and an average target price of $123.92.

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.