DTE Energy (NYSE:DTE) Shares Bought by City Holding Co.

City Holding Co. raised its stake in DTE Energy (NYSE:DTE) by 14.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,402 shares of the utilities provider’s stock after acquiring an additional 1,080 shares during the quarter. City Holding Co.’s holdings in DTE Energy were worth $942,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of DTE. Rise Advisors LLC raised its stake in shares of DTE Energy by 89.6% during 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 period. MV Capital Management Inc. raised its stake in shares of DTE Energy by 104.4% during the 4th quarter. MV Capital Management Inc. now owns 280 shares of the utilities provider’s stock worth $31,000 after buying an additional 143 shares during the period. Creekmur Asset Management LLC acquired a new position in shares of DTE Energy during the 4th quarter worth approximately $53,000. Principal Securities Inc. acquired a new position in shares of DTE Energy during the 4th quarter worth approximately $54,000. Finally, Quarry LP acquired a new position in shares of DTE Energy during the 4th quarter worth approximately $63,000. 76.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at DTE Energy

In other news, Vice Chairman Trevor F. Lauer sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $115.07, for a total transaction of $402,745.00. Following the sale, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. In other DTE Energy news, Vice Chairman Trevor F. Lauer sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $115.07, for a total transaction of $402,745.00. Following the transaction, the insider now owns 59,475 shares of the company’s stock, valued at $6,843,788.25. The sale was disclosed in a filing with the SEC, which is accessible 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 stock was sold at an average price of $116.61, for a total value of $139,698.78. Following the transaction, the vice president now owns 4,271 shares in the company, valued at approximately $498,041.31. The disclosure for this sale can be found here. Insiders have sold 14,698 shares of company stock valued at $1,702,444 in the last quarter. Corporate insiders own 0.61% of the company’s stock.

DTE Energy Trading Up 1.3 %

DTE traded up $1.39 during mid-day trading on Monday, hitting $112.30. 29,465 shares of the stock were exchanged, compared to its average volume of 1,110,786. The firm’s fifty day moving average is $112.42 and its two-hundred day moving average is $109.88. DTE Energy has a 1-year low of $90.14 and a 1-year 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 company has a market cap of $23.24 billion, a PE ratio of 18.22, a PEG ratio of 2.02 and a beta of 0.67.

DTE Energy (NYSE:DTE) last posted its earnings results 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). The firm had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.81 billion. DTE Energy had a return on equity of 11.53% and a net margin of 10.36%. Equities analysts forecast that DTE Energy will post 6.7 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 16th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date is Monday, September 16th. DTE Energy’s dividend payout ratio is currently 66.78%.

Analyst Ratings Changes

DTE has been the subject of several research reports. JPMorgan Chase & Co. boosted their price target on DTE Energy from $118.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. Barclays boosted 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. Scotiabank dropped their price target on DTE Energy from $129.00 to $120.00 and set a “sector outperform” rating for the company in a research report on Monday, April 22nd. BMO Capital Markets upped their target price on DTE Energy from $111.00 to $113.00 and gave the company a “market perform” rating in a report on Wednesday, April 17th. Finally, KeyCorp upped their target price on DTE Energy from $117.00 to $125.00 and gave the company an “overweight” rating in a report on Monday, May 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $115.44.

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.