Dupont Capital Management Corp Has $1.16 Million Position in DTE Energy Company (DTE)

Dupont Capital Management Corp raised its position in shares of DTE Energy Company (NYSE:DTE) by 6.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,948 shares of the utilities provider’s stock after buying an additional 684 shares during the period. Dupont Capital Management Corp’s holdings in DTE Energy were worth $1,158,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Savant Capital LLC raised its stake in shares of DTE Energy by 4.8% in the second quarter. Savant Capital LLC now owns 2,190 shares of the utilities provider’s stock worth $232,000 after buying an additional 100 shares in the last quarter. Conning Inc. raised its stake in DTE Energy by 1.5% in the second quarter. Conning Inc. now owns 4,750 shares of the utilities provider’s stock worth $503,000 after buying an additional 70 shares during the last quarter. Advisors Asset Management Inc. raised its stake in DTE Energy by 16.7% in the second quarter. Advisors Asset Management Inc. now owns 29,019 shares of the utilities provider’s stock worth $3,070,000 after buying an additional 4,158 shares during the last quarter. Starfire Investment Advisers Inc. raised its stake in DTE Energy by 3.3% in the second quarter. Starfire Investment Advisers Inc. now owns 15,351 shares of the utilities provider’s stock worth $1,623,000 after buying an additional 492 shares during the last quarter. Finally, Sigma Planning Corp raised its stake in DTE Energy by 1.8% in the second quarter. Sigma Planning Corp now owns 31,574 shares of the utilities provider’s stock worth $3,340,000 after buying an additional 554 shares during the last quarter. 67.99% of the stock is currently owned by institutional investors.

Shares of DTE Energy Company (DTE) opened at 111.37 on Wednesday. The firm has a market cap of $19.98 billion, a price-to-earnings ratio of 19.18 and a beta of 0.21. The company’s 50-day moving average is $107.32 and its 200 day moving average is $104.87. DTE Energy Company has a 1-year low of $89.66 and a 1-year high of $111.42.

DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.08. DTE Energy had a net margin of 8.80% and a return on equity of 10.67%. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same period in the prior year, the firm earned $0.98 earnings per share. The company’s revenue was up 26.2% on a year-over-year basis. On average, equities research analysts expect that DTE Energy Company will post $5.41 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, October 15th. Shareholders of record on Monday, September 18th will be paid 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 yield of 2.96%. DTE Energy’s payout ratio is 56.60%.

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DTE has been the topic of a number of recent research reports. BidaskClub lowered DTE Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $117.00 target price (up previously from $108.50) on shares of DTE Energy in a research note on Thursday, April 27th. Zacks Investment Research lowered DTE Energy from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $111.00 price target on shares of DTE Energy in a report on Friday, July 28th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $108.00.

In other news, insider Mark W. Stiers sold 3,632 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $110.03, for a total value of $399,628.96. Following the sale, the insider now directly owns 25,257 shares in the company, valued at approximately $2,779,027.71. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Lisa A. Muschong sold 426 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $109.51, for a total transaction of $46,651.26. Following the completion of the sale, the vice president now owns 2,543 shares in the company, valued at $278,483.93. The disclosure for this sale can be found here. Insiders have sold 35,895 shares of company stock worth $3,889,444 over the last quarter. Corporate insiders own 0.53% of the company’s stock.

DTE Energy Company Profile