Intrust Bank NA Grows Stock Holdings in DTE Energy (NYSE:DTE)

Intrust Bank NA grew its stake in DTE Energy (NYSE:DTE) by 18.7% during the fourth quarter, HoldingsChannel reports. The firm owned 8,477 shares of the utilities provider’s stock after purchasing an additional 1,337 shares during the quarter. Intrust Bank NA’s holdings in DTE Energy were worth $935,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of DTE. Ameriprise Financial Inc. lifted its position in DTE Energy by 16.4% in the third quarter. Ameriprise Financial Inc. now owns 5,130,348 shares of the utilities provider’s stock valued at $509,081,000 after purchasing an additional 724,561 shares during the period. Barclays PLC boosted its stake in shares of DTE Energy by 29.2% in the third quarter. Barclays PLC now owns 670,592 shares of the utilities provider’s stock valued at $66,577,000 after buying an additional 151,507 shares in the last quarter. Invesco Ltd. grew its holdings in DTE Energy by 6.6% during the third quarter. Invesco Ltd. now owns 2,229,189 shares of the utilities provider’s stock worth $221,314,000 after acquiring an additional 137,960 shares during the period. Adams Diversified Equity Fund Inc. purchased a new position in DTE Energy in the third quarter worth $13,641,000. Finally, ING Groep NV lifted its holdings in DTE Energy by 307.2% in the third quarter. ING Groep NV now owns 119,884 shares of the utilities provider’s stock valued at $11,902,000 after acquiring an additional 90,442 shares during the period. Hedge funds and other institutional investors own 76.06% of the company’s stock.

DTE Energy Trading Down 0.8 %

Shares of DTE stock traded down $0.90 during mid-day trading on Tuesday, hitting $109.93. 40,127 shares of the company’s stock were exchanged, compared to its average volume of 1,177,698. The stock has a 50-day simple moving average of $109.21 and a two-hundred day simple moving average of $106.37. DTE Energy has a fifty-two week low of $90.14 and a fifty-two week high of $116.73. The stock has a market cap of $22.75 billion, a price-to-earnings ratio of 18.14, a PEG ratio of 2.73 and a beta of 0.64. The company has a quick ratio of 0.54, a current ratio of 0.75 and a debt-to-equity ratio of 1.72.

DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Thursday, April 25th. The utilities provider reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.04). DTE Energy had a net margin of 10.36% and a return on equity of 11.53%. The company had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.81 billion. Equities analysts expect that DTE Energy will post 6.69 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, March 18th were given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend was Friday, March 15th. DTE Energy’s payout ratio is currently 66.78%.

Insider Activity

In other DTE Energy news, COO Matthew T. Paul sold 5,850 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $106.92, for a total value of $625,482.00. Following the transaction, the chief operating officer now directly owns 6,951 shares of the company’s stock, valued at $743,200.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO Matthew T. Paul sold 5,850 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $106.92, for a total transaction of $625,482.00. Following the sale, the chief operating officer now directly owns 6,951 shares in the company, valued at approximately $743,200.92. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Robert A. Richard sold 4,800 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $107.25, for a total transaction of $514,800.00. Following the completion of the sale, the chief operating officer now directly owns 26,118 shares of the company’s stock, valued at approximately $2,801,155.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,095 shares of company stock valued at $2,168,183. Company insiders own 0.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on DTE shares. Guggenheim cut shares of DTE Energy from a “buy” rating to a “neutral” rating and set a $111.00 price target on the stock. in a research note on Monday, January 22nd. BMO Capital Markets lifted their price target on shares of DTE Energy from $111.00 to $113.00 and gave the company a “market perform” rating in a research report on Wednesday, April 17th. TheStreet upgraded DTE Energy from a “c+” rating to a “b-” rating in a report on Friday, March 15th. KeyCorp upped their target price on DTE Energy from $106.00 to $117.00 and gave the company an “overweight” rating in a report on Thursday, January 4th. Finally, Morgan Stanley lifted their price target on DTE Energy from $108.00 to $109.00 and gave the stock an “overweight” rating in a research note on Thursday, March 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $115.50.

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.