City Holding Co. reduced its position in DTE Energy Co (NYSE:DTE) by 5.6% during the first quarter, Holdings Channel reports. The institutional investor owned 8,385 shares of the utilities provider’s stock after selling 500 shares during the period. City Holding Co.’s holdings in DTE Energy were worth $856,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Vantage Investment Advisors LLC raised its position in DTE Energy by 0.7% in the third quarter. Vantage Investment Advisors LLC now owns 1,293 shares of the utilities provider’s stock worth $121,000 after buying an additional 9 shares in the last quarter. Capital One National Association raised its position in DTE Energy by 0.5% in the third quarter. Capital One National Association now owns 2,161 shares of the utilities provider’s stock worth $203,000 after buying an additional 11 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in DTE Energy by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,286 shares of the utilities provider’s stock worth $1,013,000 after buying an additional 38 shares in the last quarter. National Planning Corp raised its position in DTE Energy by 2.1% in the fourth quarter. National Planning Corp now owns 2,928 shares of the utilities provider’s stock worth $290,000 after buying an additional 59 shares in the last quarter. Finally, FineMark National Bank & Trust raised its position in DTE Energy by 7.8% in the third quarter. FineMark National Bank & Trust now owns 1,386 shares of the utilities provider’s stock worth $130,000 after buying an additional 100 shares in the last quarter. 66.85% of the stock is owned by hedge funds and other institutional investors.

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

Shares of DTE Energy Co (NYSE:DTE) traded down 0.39% during midday trading on Thursday, hitting $103.44. 904,558 shares of the company’s stock were exchanged. The company has a 50-day moving average of $101.92 and a 200-day moving average of $97.52. DTE Energy Co has a 52 week low of $84.77 and a 52 week high of $104.84. The firm has a market cap of $18.56 billion, a price-to-earnings ratio of 21.42 and a beta of 0.20.

DTE Energy (NYSE:DTE) last announced its quarterly earnings results on Thursday, February 9th. The utilities provider reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by $0.05. The firm earned $2.87 billion during the quarter, compared to analyst estimates of $2.92 billion. DTE Energy had a net margin of 8.17% and a return on equity of 10.44%. The business’s revenue was up 15.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.01 EPS. Equities research analysts expect that DTE Energy Co will post $5.33 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Saturday, April 15th. Shareholders of record on Monday, March 20th were paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date was Thursday, March 16th. DTE Energy’s dividend payout ratio is currently 68.46%.

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A number of equities analysts recently commented on the stock. Jefferies Group LLC set a $109.00 price objective on shares of DTE Energy and gave the stock a “buy” rating in a research note on Saturday, February 11th. Deutsche Bank AG raised their price objective on shares of DTE Energy from $100.00 to $103.00 and gave the stock a “hold” rating in a research note on Tuesday, April 11th. Zacks Investment Research lowered shares of DTE Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, April 12th. Barclays PLC raised their price objective on shares of DTE Energy from $101.00 to $106.00 and gave the stock an “overweight” rating in a research note on Friday, January 20th. Finally, Credit Suisse Group AG assumed coverage on shares of DTE Energy in a research note on Wednesday, January 25th. They issued a “neutral” rating and a $102.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. DTE Energy currently has an average rating of “Buy” and a consensus target price of $105.88.

In other news, Director David A. Thomas purchased 673 shares of the business’s stock in a transaction on Monday, February 13th. The stock was purchased at an average price of $98.02 per share, for a total transaction of $65,967.46. Following the completion of the purchase, the director now directly owns 1,673 shares in the company, valued at approximately $163,987.46. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Lisa A. Muschong sold 1,771 shares of the stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $101.12, for a total transaction of $179,083.52. Following the completion of the sale, the vice president now owns 2,969 shares of the company’s stock, valued at approximately $300,225.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,771 shares of company stock valued at $2,830,814. Corporate insiders own 0.93% of the company’s stock.

About DTE Energy

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