Amalgamated Bank Decreases Holdings in DTE Energy (NYSE:DTE)

Amalgamated Bank cut its stake in DTE Energy (NYSE:DTE) by 3.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,916 shares of the utilities provider’s stock after selling 1,925 shares during the quarter. Amalgamated Bank’s holdings in DTE Energy were worth $5,614,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James & Associates grew its position in shares of DTE Energy by 7.7% in the third quarter. Raymond James & Associates now owns 196,617 shares of the utilities provider’s stock valued at $19,520,000 after purchasing an additional 14,040 shares in the last quarter. Forsta AP Fonden increased its stake in shares of DTE Energy by 22.9% in the 3rd quarter. Forsta AP Fonden now owns 30,100 shares of the utilities provider’s stock worth $2,988,000 after acquiring an additional 5,600 shares during the last quarter. New York State Teachers Retirement System raised its holdings in shares of DTE Energy by 5.7% during the 3rd quarter. New York State Teachers Retirement System now owns 229,998 shares of the utilities provider’s stock worth $22,834,000 after acquiring an additional 12,420 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of DTE Energy by 6.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 49,507 shares of the utilities provider’s stock worth $4,915,000 after acquiring an additional 2,883 shares during the period. Finally, Strs Ohio grew its holdings in shares of DTE Energy by 2.2% in the third quarter. Strs Ohio now owns 111,917 shares of the utilities provider’s stock valued at $11,111,000 after purchasing an additional 2,363 shares during the period. 76.06% of the stock is owned by hedge funds and other institutional investors.

DTE Energy Trading Down 0.2 %

Shares of DTE Energy stock opened at $112.49 on Tuesday. The company has a current ratio of 0.75, a quick ratio of 0.54 and a debt-to-equity ratio of 1.72. The company has a fifty day simple moving average of $109.62 and a 200-day simple moving average of $106.87. The stock has a market cap of $23.28 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 2.81 and a beta of 0.64. DTE Energy has a 12-month low of $90.14 and a 12-month high of $116.73.

DTE Energy (NYSE:DTE) last released its quarterly earnings data on Thursday, April 25th. The utilities provider reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.04). DTE Energy had a net margin of 10.36% and a return on equity of 11.53%. The company had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.81 billion. On average, equities analysts forecast that DTE Energy will post 6.69 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, June 17th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend is Monday, June 17th. DTE Energy’s dividend payout ratio (DPR) is 66.78%.

Wall Street Analysts Forecast Growth

DTE has been the topic of a number of research reports. Guggenheim cut DTE Energy from a “buy” rating to a “neutral” rating and set a $111.00 price target on the stock. in a research note on Monday, January 22nd. Wolfe Research cut DTE Energy from an “outperform” rating to a “peer perform” rating in a report on Tuesday, January 16th. TheStreet upgraded shares of DTE Energy from a “c+” rating to a “b-” rating in a research note on Friday, March 15th. JPMorgan Chase & Co. raised their price objective on shares of DTE Energy from $118.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Finally, Barclays upped their target price on shares of DTE Energy from $115.00 to $119.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $115.50.

Insider Buying and Selling at DTE Energy

In other news, CAO Tracy J. Myrick sold 600 shares of DTE Energy stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $107.04, for a total value of $64,224.00. Following the transaction, the chief accounting officer now directly owns 3,462 shares of the company’s stock, valued at approximately $370,572.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Lisa A. Muschong sold 2,775 shares of DTE Energy stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $108.43, for a total value of $300,893.25. Following the transaction, the vice president now directly owns 5,469 shares in the company, valued at approximately $593,003.67. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Tracy J. Myrick sold 600 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $107.04, for a total transaction of $64,224.00. Following the transaction, the chief accounting officer now directly owns 3,462 shares of the company’s stock, valued at $370,572.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,095 shares of company stock worth $2,168,183. 0.28% of the stock is owned by insiders.

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.