DTE Energy (NYSE:DTE) Shares Bought by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. lifted its stake in DTE Energy (NYSE:DTE) by 3.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,053 shares of the utilities provider’s stock after purchasing an additional 1,042 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in DTE Energy were worth $3,891,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in DTE. Grayhawk Investment Strategies Inc. acquired a new position in shares of DTE Energy in the 4th quarter valued at $1,305,000. Intech Investment Management LLC lifted its stake in DTE Energy by 62.7% in the 4th quarter. Intech Investment Management LLC now owns 26,421 shares of the utilities provider’s stock valued at $2,913,000 after buying an additional 10,180 shares in the last quarter. UniSuper Management Pty Ltd lifted its position in shares of DTE Energy by 407.3% in the first quarter. UniSuper Management Pty Ltd now owns 10,715 shares of the utilities provider’s stock valued at $1,202,000 after acquiring an additional 8,603 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in shares of DTE Energy by 66.5% during the 4th quarter. Allianz Asset Management GmbH now owns 29,575 shares of the utilities provider’s stock worth $3,261,000 after purchasing an additional 11,809 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its position in DTE Energy by 9.9% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 124,264 shares of the utilities provider’s stock worth $13,934,000 after acquiring an additional 11,218 shares during the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

Insider Activity

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 stock was sold at an average price of $116.61, for a total transaction of $139,698.78. Following the completion of the sale, the vice president now directly owns 4,271 shares in the company, valued at approximately $498,041.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Vice Chairman Trevor F. Lauer sold 3,500 shares of the 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 approximately $6,843,788.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Lisa A. Muschong sold 1,198 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were 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 own 0.61% of the company’s stock.

DTE Energy Trading Up 0.3 %

Shares of DTE stock opened at $125.02 on Friday. The firm has a market capitalization of $25.87 billion, a PE ratio of 20.46, a price-to-earnings-growth ratio of 2.27 and a beta of 0.66. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.52 and a current ratio of 0.69. DTE Energy has a 1 year low of $90.14 and a 1 year high of $126.76. The stock has a fifty day moving average of $117.20 and a two-hundred day moving average of $113.04.

DTE Energy (NYSE:DTE) last released its earnings results on Thursday, July 25th. The utilities provider reported $1.43 EPS 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 analysts’ expectations of $2.65 billion. DTE Energy had a net margin of 11.18% and a return on equity of 12.18%. During the same quarter last year, the company earned $0.99 EPS. As a group, research analysts expect that DTE Energy will post 6.7 EPS for the current year.

DTE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 16th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend is Monday, September 16th. DTE Energy’s payout ratio is 66.78%.

Analyst Ratings Changes

Several equities analysts recently commented on DTE shares. Wells Fargo & Company upped their price target on shares of DTE Energy from $125.00 to $133.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. BMO Capital Markets raised their price target on shares of DTE Energy from $120.00 to $123.00 and gave the company a “market perform” rating in a report on Monday, July 15th. Barclays increased their price target on DTE Energy from $123.00 to $128.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a report on Sunday, August 11th. Finally, Morgan Stanley lifted their price target on DTE Energy from $114.00 to $121.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, DTE Energy has an average rating of “Moderate Buy” and an average target price of $123.92.

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.