Hussman Strategic Advisors Inc. continued to hold its stake in DTE Energy Company (NYSE:DTE) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,000 shares of the utilities provider’s stock at the end of the second quarter. Hussman Strategic Advisors Inc.’s holdings in DTE Energy were worth $106,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of DTE. Gradient Investments LLC raised its stake in shares of DTE Energy by 0.3% in the second quarter. Gradient Investments LLC now owns 1,048 shares of the utilities provider’s stock valued at $111,000 after buying an additional 3 shares during the period. Regal Investment Advisors LLC increased its position in shares of DTE Energy by 0.3% in the first quarter. Regal Investment Advisors LLC now owns 2,212 shares of the utilities provider’s stock worth $226,000 after buying an additional 7 shares in the last quarter. Sheaff Brock Investment Advisors LLC increased its position in shares of DTE Energy by 0.3% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 4,709 shares of the utilities provider’s stock worth $481,000 after buying an additional 13 shares in the last quarter. Whittier Trust Co. increased its position in shares of DTE Energy by 1.1% in the first quarter. Whittier Trust Co. now owns 1,279 shares of the utilities provider’s stock worth $131,000 after buying an additional 14 shares in the last quarter. Finally, CENTRAL TRUST Co increased its position in shares of DTE Energy by 0.5% in the second quarter. CENTRAL TRUST Co now owns 6,130 shares of the utilities provider’s stock worth $649,000 after buying an additional 28 shares in the last quarter. 67.99% of the stock is owned by hedge funds and other institutional investors.
Shares of DTE Energy Company (NYSE:DTE) traded up 0.66% on Friday, hitting $110.63. 1,398,946 shares of the company were exchanged. The stock has a market capitalization of $19.85 billion, a PE ratio of 19.05 and a beta of 0.21. DTE Energy Company has a 52-week low of $89.66 and a 52-week high of $111.35. The firm’s 50-day moving average is $107.18 and its 200-day moving average is $104.69.
DTE Energy (NYSE:DTE) last announced its earnings results on Wednesday, July 26th. The utilities provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.08. The company had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.35 billion. DTE Energy had a net margin of 8.80% and a return on equity of 10.67%. The firm’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.98 earnings per share. Equities research analysts predict that DTE Energy Company will post $5.41 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Sunday, October 15th. Stockholders of record on Monday, September 18th will be issued a dividend of $0.825 per share. The ex-dividend date is Friday, September 15th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 2.98%. DTE Energy’s dividend payout ratio (DPR) is presently 56.60%.
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A number of research analysts have weighed in on the company. BMO Capital Markets reiterated a “hold” rating and set a $111.00 target price on shares of DTE Energy in a report on Friday, July 28th. Zacks Investment Research cut DTE Energy from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Jefferies Group LLC reaffirmed a “buy” rating and issued a $117.00 price objective (up from $108.50) on shares of DTE Energy in a research report on Thursday, April 27th. BidaskClub cut DTE Energy from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 24th. Finally, Barclays PLC restated an “overweight” rating and issued a $115.00 price objective (up from $106.00) on shares of DTE Energy in a research note on Sunday, April 23rd. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $108.00.
In other news, SVP Bruce D. Peterson sold 5,000 shares of DTE Energy stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $110.08, for a total transaction of $550,400.00. Following the completion of the sale, the senior vice president now directly owns 29,156 shares in the company, valued at $3,209,492.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Larry E. Steward sold 9,999 shares of DTE Energy stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $107.52, for a total transaction of $1,075,092.48. Following the sale, the insider now owns 39,698 shares of the company’s stock, valued at $4,268,328.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,263 shares of company stock valued at $3,489,815. Insiders own 0.53% of the company’s stock.
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