DTE Energy (NYSE:DTE) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank cut its position in DTE Energy (NYSE:DTE) by 44.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 65,725 shares of the utilities provider’s stock after selling 52,462 shares during the period. Toronto Dominion Bank’s holdings in DTE Energy were worth $7,370,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of DTE. HB Wealth Management LLC purchased a new stake in DTE Energy during the fourth quarter worth approximately $293,000. Raymond James & Associates grew its holdings in shares of DTE Energy by 6.5% during the fourth quarter. Raymond James & Associates now owns 209,488 shares of the utilities provider’s stock worth $23,098,000 after purchasing an additional 12,871 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of DTE Energy by 4.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 47,798 shares of the utilities provider’s stock valued at $5,270,000 after purchasing an additional 1,891 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of DTE Energy by 113.2% in the 4th quarter. Pacer Advisors Inc. now owns 45,669 shares of the utilities provider’s stock valued at $5,035,000 after purchasing an additional 24,247 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in shares of DTE Energy by 18.2% in the 4th quarter. Blue Trust Inc. now owns 1,872 shares of the utilities provider’s stock valued at $206,000 after purchasing an additional 288 shares during the period. 76.06% of the stock is owned by hedge funds and other institutional investors.

DTE Energy Price Performance

Shares of NYSE DTE remained flat at $118.19 during mid-day trading on Friday. The company had a trading volume of 1,712,734 shares, compared to its average volume of 951,260. DTE Energy has a 1-year low of $90.14 and a 1-year high of $120.54. The firm has a market cap of $24.46 billion, a PE ratio of 19.34, a price-to-earnings-growth ratio of 2.15 and a beta of 0.66. 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’s 50 day simple moving average is $113.05 and its 200 day simple moving average is $110.33.

DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Thursday, July 25th. The utilities provider reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.22. The firm had revenue of $2.88 billion for 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 12.20%. During the same period last year, the firm posted $0.99 EPS. Equities analysts forecast that DTE Energy will post 6.69 earnings per share for the current year.

DTE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 16th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date is Monday, September 16th. DTE Energy’s dividend payout ratio is currently 66.78%.

Insider Activity at DTE Energy

In other DTE Energy news, VP Lisa A. Muschong sold 1,198 shares of the firm’s stock in a transaction dated 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 owns 4,271 shares of the company’s stock, valued at approximately $498,041.31. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other DTE Energy news, VP Lisa A. Muschong sold 1,198 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $116.61, for a total value of $139,698.78. Following the completion of the sale, the vice president now directly owns 4,271 shares of the company’s stock, valued at approximately $498,041.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Mark W. Stiers sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $116.00, for a total transaction of $1,160,000.00. Following the transaction, the chief operating officer now owns 41,921 shares of the company’s stock, valued at approximately $4,862,836. The disclosure for this sale can be found here. Insiders have sold a total of 14,698 shares of company stock worth $1,702,444 over the last ninety days. 0.61% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Scotiabank decreased their price target 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. BMO Capital Markets upped their price target on DTE Energy from $120.00 to $123.00 and gave the stock a “market perform” rating in a research note on Monday, July 15th. KeyCorp boosted their price target on shares of DTE Energy from $117.00 to $125.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. Barclays boosted their target price on DTE Energy from $115.00 to $119.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 30th. Finally, StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a report on Friday. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, DTE Energy currently has a consensus rating of “Moderate Buy” and an average price target of $118.40.

DTE Energy Company 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.