Boston Partners Sells 263,930 Shares of DTE Energy (NYSE:DTE)

Boston Partners cut its holdings in DTE Energy (NYSE:DTE) by 10.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,278,151 shares of the utilities provider’s stock after selling 263,930 shares during the quarter. Boston Partners owned approximately 1.10% of DTE Energy worth $255,456,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Grayhawk Investment Strategies Inc. bought a new stake in DTE Energy during the 4th quarter valued at approximately $1,305,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of DTE Energy by 25.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,737 shares of the utilities provider’s stock valued at $4,271,000 after purchasing an additional 7,975 shares during the last quarter. Intech Investment Management LLC lifted its holdings in shares of DTE Energy by 62.7% during the fourth quarter. Intech Investment Management LLC now owns 26,421 shares of the utilities provider’s stock valued at $2,913,000 after purchasing an additional 10,180 shares during the last quarter. Arvest Investments Inc. purchased a new position in shares of DTE Energy during the fourth quarter valued at approximately $2,581,000. Finally, UniSuper Management Pty Ltd lifted its holdings in shares of DTE Energy by 407.3% during the first quarter. UniSuper Management Pty Ltd now owns 10,715 shares of the utilities provider’s stock valued at $1,202,000 after purchasing an additional 8,603 shares during the last quarter. 76.06% of the stock is owned by institutional investors.

DTE Energy Price Performance

DTE Energy stock traded down $0.14 during mid-day trading on Friday, hitting $123.24. The stock had a trading volume of 1,256,165 shares, compared to its average volume of 1,052,048. The firm has a market capitalization of $25.50 billion, a P/E ratio of 20.17, a P/E/G ratio of 2.27 and a beta of 0.66. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73. The firm’s 50 day moving average is $113.72 and its 200 day moving average is $110.74. DTE Energy has a one year low of $90.14 and a one year high of $126.76.

DTE Energy (NYSE:DTE) last issued its earnings results on Thursday, July 25th. The utilities provider reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.22. The company had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.65 billion. DTE Energy had a net margin of 11.18% and a return on equity of 12.18%. During the same quarter in the prior year, the firm posted $0.99 EPS. On average, sell-side analysts forecast that DTE Energy will post 6.7 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 16th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 3.31%. The ex-dividend date is Monday, September 16th. DTE Energy’s dividend payout ratio is currently 66.78%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on DTE shares. Wells Fargo & Company boosted their price objective on shares of DTE Energy from $125.00 to $133.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Morgan Stanley decreased their target price on shares of DTE Energy from $116.00 to $111.00 and set an “overweight” rating for the company in a research note on Monday, June 24th. KeyCorp boosted their target price 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 decreased their target price on shares of DTE Energy from $129.00 to $120.00 and set a “sector outperform” rating for the company in a research note on Monday, April 22nd. Finally, Barclays boosted their target price on shares of DTE Energy from $123.00 to $128.00 and gave the company an “overweight” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, DTE Energy presently has an average rating of “Moderate Buy” and an average price target of $119.30.

Insider Buying and Selling

In related news, Vice Chairman Trevor F. Lauer sold 3,500 shares of the company’s stock in a transaction 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 completion of the transaction, the insider now owns 59,475 shares of the company’s stock, valued at approximately $6,843,788.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other DTE Energy news, Vice Chairman Trevor F. Lauer sold 3,500 shares of the business’s stock in a transaction 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 sale, the insider now owns 59,475 shares in the company, valued at approximately $6,843,788.25. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Mark W. Stiers sold 10,000 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $116.00, for a total transaction of $1,160,000.00. Following the completion of the sale, the chief operating officer now owns 41,921 shares in the company, valued at approximately $4,862,836. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,698 shares of company stock valued at $1,702,444. Company insiders own 0.61% of the company’s stock.

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.