Massmutual Trust Co. FSB ADV Lowers Stock Holdings in DTE Energy (NYSE:DTE)

Massmutual Trust Co. FSB ADV reduced its position in DTE Energy (NYSE:DTE) by 7.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,684 shares of the utilities provider’s stock after selling 303 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in DTE Energy were worth $413,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Rise Advisors LLC lifted its position in DTE Energy by 89.6% in the 1st quarter. Rise Advisors LLC now owns 273 shares of the utilities provider’s stock worth $31,000 after buying an additional 129 shares during the last quarter. MV Capital Management Inc. lifted its holdings in shares of DTE Energy by 104.4% in the 4th quarter. MV Capital Management Inc. now owns 280 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 143 shares during the last quarter. Creekmur Asset Management LLC purchased a new stake in shares of DTE Energy in the 4th quarter valued at $53,000. Principal Securities Inc. bought a new position in shares of DTE Energy during the 4th quarter valued at $54,000. Finally, Quarry LP purchased a new position in DTE Energy in the 4th quarter worth $63,000. 76.06% of the stock is currently owned by institutional investors.

DTE Energy Stock Up 0.5 %

Shares of NYSE DTE opened at $111.12 on Friday. The firm has a fifty day simple moving average of $112.33 and a two-hundred day simple moving average of $109.82. DTE Energy has a 12 month low of $90.14 and a 12 month high of $117.44. 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 firm has a market capitalization of $23.00 billion, a PE ratio of 18.19, a price-to-earnings-growth ratio of 2.01 and a beta of 0.67.

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

DTE Energy Dividend Announcement

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 is Monday, June 17th. DTE Energy’s payout ratio is presently 66.78%.

Insider Activity at DTE Energy

In other DTE Energy news, Vice Chairman Trevor F. Lauer sold 3,500 shares of the stock in a transaction on Wednesday, June 5th. The stock was 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 in the company, valued at $6,843,788.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other DTE Energy news, Vice Chairman Trevor F. Lauer sold 3,500 shares of the company’s stock in a transaction dated 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 $6,843,788.25. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Lisa A. Muschong sold 1,198 shares of the firm’s 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 transaction, the vice president now directly owns 4,271 shares of the company’s stock, valued at approximately $498,041.31. The disclosure for this sale can be found here. Insiders have sold 14,698 shares of company stock worth $1,702,444 over the last ninety days. 0.61% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on DTE. KeyCorp upped their price target on shares of DTE Energy from $117.00 to $125.00 and gave the company an “overweight” rating in a research report on Monday, May 20th. Morgan Stanley lifted their price target on DTE Energy from $108.00 to $109.00 and gave the stock an “overweight” rating in a research note on Thursday, March 21st. BMO Capital Markets increased their price objective on DTE Energy from $111.00 to $113.00 and gave the company a “market perform” rating in a research note on Wednesday, April 17th. JPMorgan Chase & Co. lifted their target price on shares of DTE Energy from $118.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. Finally, Barclays increased their price target on shares of DTE Energy from $115.00 to $119.00 and gave the company an “overweight” rating in a research report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $115.44.

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.