American Century Companies Inc. Sells 8,687 Shares of DTE Energy Company $DTE

American Century Companies Inc. lessened its holdings in DTE Energy Company (NYSE:DTE) by 6.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 127,063 shares of the utilities provider’s stock after selling 8,687 shares during the quarter. American Century Companies Inc. owned 0.06% of DTE Energy worth $17,569,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Cloud Capital Management LLC purchased a new position in DTE Energy in the 1st quarter worth $25,000. Olde Wealth Management LLC purchased a new position in shares of DTE Energy in the first quarter valued at about $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of DTE Energy in the first quarter valued at about $28,000. SouthState Corp purchased a new position in shares of DTE Energy in the first quarter valued at about $29,000. Finally, N.E.W. Advisory Services LLC purchased a new position in shares of DTE Energy in the first quarter valued at about $31,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.

DTE Energy Trading Down 0.2%

Shares of NYSE DTE opened at $139.8720 on Monday. The firm’s 50 day moving average price is $135.85 and its 200-day moving average price is $134.43. The company has a market cap of $29.04 billion, a PE ratio of 20.13, a P/E/G ratio of 2.78 and a beta of 0.42. DTE Energy Company has a 52-week low of $115.59 and a 52-week high of $142.05. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.57 and a current ratio of 0.94.

DTE Energy (NYSE:DTE) last issued its earnings results on Tuesday, July 29th. The utilities provider reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.01). DTE Energy had a return on equity of 12.72% and a net margin of 10.16%.The firm had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.67 billion. On average, equities research analysts expect that DTE Energy Company will post 7.18 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be issued a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, September 15th. DTE Energy’s payout ratio is presently 62.73%.

Insider Buying and Selling at DTE Energy

In other news, VP Lisa A. Muschong sold 1,600 shares of the business’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $140.53, for a total transaction of $224,848.00. Following the completion of the transaction, the vice president directly owned 4,153 shares of the company’s stock, valued at $583,621.09. The trade was a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.33% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on DTE. Wall Street Zen cut shares of DTE Energy from a “hold” rating to a “sell” rating in a research report on Monday. Barclays boosted their price objective on shares of DTE Energy from $136.00 to $138.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 15th. Wells Fargo & Company boosted their price target on shares of DTE Energy from $145.00 to $154.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. boosted their price target on shares of DTE Energy from $145.00 to $147.00 and gave the company a “neutral” rating in a research report on Tuesday, July 15th. Finally, Evercore ISI boosted their price target on shares of DTE Energy from $136.00 to $145.00 and gave the company an “outperform” rating in a research report on Friday, May 2nd. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $142.29.

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.