Farmers Trust Co. Takes $281,000 Position in DTE Energy (NYSE:DTE)

Farmers Trust Co. acquired a new stake in shares of DTE Energy (NYSE:DTE) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 2,508 shares of the utilities provider’s stock, valued at approximately $281,000.

Several other institutional investors have also recently modified their holdings of DTE. Boston Partners increased its position in shares of DTE Energy by 66.8% during the 4th quarter. Boston Partners now owns 2,542,081 shares of the utilities provider’s stock valued at $280,247,000 after purchasing an additional 1,018,212 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of DTE Energy by 16.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 5,130,348 shares of the utilities provider’s stock valued at $509,081,000 after purchasing an additional 724,561 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of DTE Energy during the 4th quarter valued at about $74,478,000. Capital Research Global Investors increased its position in shares of DTE Energy by 1.9% during the 4th quarter. Capital Research Global Investors now owns 20,933,030 shares of the utilities provider’s stock valued at $2,308,076,000 after purchasing an additional 399,646 shares during the last quarter. Finally, Balyasny Asset Management L.P. increased its position in shares of DTE Energy by 109.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 555,072 shares of the utilities provider’s stock valued at $61,202,000 after purchasing an additional 289,663 shares during the last quarter. 76.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DTE has been the topic of several recent research reports. TheStreet upgraded DTE Energy from a “c+” rating to a “b-” rating in a research report on Friday, March 15th. Morgan Stanley raised their price target on DTE Energy from $108.00 to $109.00 and gave the stock an “overweight” rating in a research report on Thursday, March 21st. Barclays raised their price target on DTE Energy from $115.00 to $119.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 30th. KeyCorp raised their price target on DTE Energy from $117.00 to $125.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. Finally, BMO Capital Markets raised their price target on DTE Energy from $111.00 to $113.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $115.44.

Insider Activity

In other news, VP Lisa A. Muschong sold 1,198 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $116.61, for a total value of $139,698.78. Following the completion of the transaction, the vice president now 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 at the SEC website. In other news, VP Lisa A. Muschong sold 1,198 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $116.61, for a total value of $139,698.78. Following the completion of the transaction, the vice president now 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 at the SEC website. Also, Vice Chairman Trevor F. Lauer sold 3,500 shares of the firm’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 completion of the transaction, the insider now owns 59,475 shares of the company’s stock, valued at approximately $6,843,788.25. The disclosure for this sale can be found here. Insiders sold a total of 14,698 shares of company stock worth $1,702,444 in the last quarter. 0.61% of the stock is owned by company insiders.

DTE Energy Price Performance

Shares of DTE stock opened at $111.12 on Friday. The firm has a market cap of $23.00 billion, a P/E ratio of 18.19, a P/E/G ratio of 2.01 and a beta of 0.67. DTE Energy has a fifty-two week low of $90.14 and a fifty-two week high of $117.44. The business’s 50 day moving average price is $112.33 and its 200-day moving average price is $109.82. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.54 and a current ratio of 0.75.

DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Thursday, April 25th. The utilities provider reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.04). The business had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.81 billion. DTE Energy had a return on equity of 11.53% and a net margin of 10.36%. On average, equities research analysts anticipate that DTE Energy will post 6.7 earnings per share for the current year.

DTE Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, June 17th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend is Monday, June 17th. DTE Energy’s payout ratio is presently 66.78%.

About DTE Energy

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.