DTE Energy Company (DTE) Shares Bought by Amalgamated Bank

Amalgamated Bank increased its stake in shares of DTE Energy Company (NYSE:DTE) by 60.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,164 shares of the utilities provider’s stock after buying an additional 7,579 shares during the quarter. Amalgamated Bank’s holdings in DTE Energy were worth $2,133,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in DTE. UBS Asset Management Americas Inc. grew its holdings in shares of DTE Energy by 1.6% during the first quarter. UBS Asset Management Americas Inc. now owns 602,604 shares of the utilities provider’s stock valued at $61,532,000 after buying an additional 9,340 shares during the last quarter. Sei Investments Co. grew its holdings in shares of DTE Energy by 44.6% during the first quarter. Sei Investments Co. now owns 52,083 shares of the utilities provider’s stock valued at $5,318,000 after buying an additional 16,076 shares during the last quarter. Toronto Dominion Bank grew its holdings in shares of DTE Energy by 56.5% during the first quarter. Toronto Dominion Bank now owns 48,419 shares of the utilities provider’s stock valued at $4,943,000 after buying an additional 17,478 shares during the last quarter. Virginia Retirement Systems ET AL purchased a new stake in shares of DTE Energy during the first quarter valued at $674,000. Finally, Schnieders Capital Management LLC purchased a new stake in shares of DTE Energy during the first quarter valued at $207,000. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently weighed in on DTE shares. BidaskClub lowered shares of DTE Energy from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. KeyCorp reissued a “buy” rating and set a $113.00 price objective on shares of DTE Energy in a report on Sunday, August 27th. Jefferies Group LLC reissued a “buy” rating and set a $121.00 price objective on shares of DTE Energy in a report on Tuesday, August 29th. Zacks Investment Research lowered shares of DTE Energy from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, BMO Capital Markets reissued a “hold” rating and set a $111.00 price objective on shares of DTE Energy in a report on Friday, July 28th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. DTE Energy presently has a consensus rating of “Buy” and an average price target of $109.20.

In other DTE Energy news, Chairman Gerard M. Anderson sold 12,000 shares of the firm’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $106.83, for a total transaction of $1,281,960.00. Following the transaction, the chairman now directly owns 80,000 shares of the company’s stock, valued at approximately $8,546,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Larry E. Steward sold 9,999 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $107.52, for a total transaction of $1,075,092.48. Following the transaction, the insider now directly owns 39,698 shares in the company, valued at $4,268,328.96. The disclosure for this sale can be found here. Insiders have sold a total of 25,631 shares of company stock worth $2,756,681 over the last three months. 0.53% of the stock is currently owned by insiders.

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DTE Energy Company (NYSE DTE) opened at 111.45 on Monday. DTE Energy Company has a 52-week low of $89.66 and a 52-week high of $113.71. The company’s 50-day moving average is $110.40 and its 200-day moving average is $106.47. The firm has a market capitalization of $19.99 billion, a P/E ratio of 19.19 and a beta of 0.22.

DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.08. DTE Energy had a net margin of 8.80% and a return on equity of 10.67%. The company had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same period last year, the firm posted $0.98 EPS. DTE Energy’s revenue for the quarter was up 26.2% on a year-over-year basis. On average, analysts predict that DTE Energy Company will post $5.42 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, October 15th. Shareholders of record on Monday, September 18th will be given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 2.96%. The ex-dividend date is Friday, September 15th. DTE Energy’s payout ratio is currently 56.60%.

DTE Energy Profile

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

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