AMP Capital Investors Ltd cut its stake in shares of DTE Energy Co (NYSE:DTE) by 26.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 80,822 shares of the utilities provider’s stock after selling 28,620 shares during the period. AMP Capital Investors Ltd’s holdings in DTE Energy were worth $8,680,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. ELM Advisors LLC acquired a new position in DTE Energy in the third quarter valued at about $120,000. Valeo Financial Advisors LLC grew its stake in DTE Energy by 89.3% in the second quarter. Valeo Financial Advisors LLC now owns 1,550 shares of the utilities provider’s stock valued at $172,000 after acquiring an additional 731 shares during the period. Polaris Greystone Financial Group LLC acquired a new position in DTE Energy in the third quarter valued at about $193,000. NTV Asset Management LLC acquired a new position in DTE Energy in the third quarter valued at about $206,000. Finally, Truvestments Capital LLC acquired a new position in DTE Energy in the second quarter valued at about $207,000. 73.13% of the stock is owned by institutional investors and hedge funds.

In related news, CAO Jeffrey A. Jewell sold 4,190 shares of the company’s stock in a transaction dated Tuesday, November 20th. The stock was sold at an average price of $120.00, for a total transaction of $502,800.00. Following the sale, the chief accounting officer now owns 11,738 shares in the company, valued at $1,408,560. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Gerard M. Anderson sold 10,000 shares of the company’s stock in a transaction dated Wednesday, November 14th. The stock was sold at an average price of $119.73, for a total value of $1,197,300.00. Following the sale, the chairman now owns 84,858 shares in the company, valued at approximately $10,160,048.34. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,040 shares of company stock worth $1,919,640. Corporate insiders own 0.59% of the company’s stock.

DTE has been the subject of a number of research analyst reports. Wells Fargo & Co boosted their target price on DTE Energy from $113.00 to $118.00 and gave the company a “market perform” rating in a research note on Monday, September 17th. Credit Suisse Group cut DTE Energy from a “neutral” rating to an “underperform” rating and boosted their target price for the company from $109.00 to $111.00 in a research note on Thursday, October 25th. Citigroup boosted their price target on DTE Energy from $103.00 to $110.00 and gave the company a “hold” rating in a report on Monday, September 10th. Zacks Investment Research lowered DTE Energy from a “buy” rating to a “hold” rating in a report on Tuesday, September 25th. Finally, Wolfe Research lowered DTE Energy from an “outperform” rating to a “hold” rating in a report on Friday, October 26th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $114.36.

Shares of DTE Energy stock opened at $119.39 on Friday. The stock has a market capitalization of $21.68 billion, a PE ratio of 21.34, a PEG ratio of 3.15 and a beta of 0.08. DTE Energy Co has a one year low of $94.25 and a one year high of $121.00. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.10 and a current ratio of 1.47.

DTE Energy (NYSE:DTE) last issued its quarterly earnings results on Wednesday, October 24th. The utilities provider reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.39. The company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.29 billion. DTE Energy had a return on equity of 11.61% and a net margin of 8.85%. During the same period in the previous year, the company posted $1.48 earnings per share. Analysts predict that DTE Energy Co will post 6.3 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 17th will be issued a $0.945 dividend. This represents a $3.78 dividend on an annualized basis and a dividend yield of 3.17%. This is a positive change from DTE Energy’s previous quarterly dividend of $0.88. The ex-dividend date is Friday, December 14th. DTE Energy’s payout ratio is 63.15%.

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DTE Energy Company Profile

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.2 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets.

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Institutional Ownership by Quarter for DTE Energy (NYSE:DTE)

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