Calamos Advisors LLC Has $20.19 Million Stock Position in DTE Energy (NYSE:DTE)

Calamos Advisors LLC boosted its holdings in shares of DTE Energy (NYSE:DTE) by 0.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 181,907 shares of the utilities provider’s stock after buying an additional 902 shares during the quarter. Calamos Advisors LLC owned approximately 0.09% of DTE Energy worth $20,193,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of DTE. Spirit of America Management Corp NY raised its position in shares of DTE Energy by 9.7% in the second quarter. Spirit of America Management Corp NY now owns 7,350 shares of the utilities provider’s stock valued at $816,000 after purchasing an additional 650 shares during the period. Family Firm Inc. acquired a new stake in DTE Energy during the second quarter worth approximately $90,000. Quotient Wealth Partners LLC bought a new stake in shares of DTE Energy during the second quarter worth approximately $318,000. My Legacy Advisors LLC acquired a new position in shares of DTE Energy in the second quarter valued at approximately $481,000. Finally, &PARTNERS acquired a new position in shares of DTE Energy in the second quarter valued at approximately $489,000. Institutional investors own 76.06% of the company’s stock.

DTE Energy Price Performance

DTE Energy stock opened at $123.82 on Monday. 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 52 week low of $90.14 and a 52 week high of $126.76. The stock has a market capitalization of $25.62 billion, a P/E ratio of 20.27, a price-to-earnings-growth ratio of 2.27 and a beta of 0.66. The stock has a fifty day moving average of $116.10 and a 200-day moving average of $112.60.

DTE Energy (NYSE:DTE) last posted its earnings results on Thursday, July 25th. The utilities provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.22. The firm had revenue of $2.88 billion during 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 in the prior year, the business earned $0.99 earnings per share. On average, sell-side analysts expect that DTE Energy will post 6.7 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 16th will be given a dividend of $1.02 per share. The ex-dividend date is Monday, September 16th. This represents a $4.08 dividend on an annualized basis and a yield of 3.30%. DTE Energy’s dividend payout ratio is currently 66.78%.

Insiders Place Their Bets

In other news, Vice Chairman Trevor F. Lauer sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $115.07, for a total value of $402,745.00. Following the completion of the transaction, the insider now owns 59,475 shares of the company’s stock, valued at $6,843,788.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, VP Lisa A. Muschong sold 1,198 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $116.61, for a total value of $139,698.78. Following the completion of the sale, the vice president now owns 4,271 shares of the company’s stock, valued at $498,041.31. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Vice Chairman Trevor F. Lauer sold 3,500 shares of DTE Energy stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $115.07, for a total value of $402,745.00. Following the completion of the transaction, the insider now directly owns 59,475 shares in the company, valued at $6,843,788.25. The disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

DTE has been the subject of several research reports. Morgan Stanley lifted their price target on DTE Energy from $114.00 to $121.00 and gave the stock an “overweight” rating in a report on Friday. KeyCorp raised their price target on shares of DTE Energy from $117.00 to $125.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. Scotiabank boosted their price objective on shares of DTE Energy from $120.00 to $137.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. LADENBURG THALM/SH SH began coverage on shares of DTE Energy in a report on Wednesday, August 14th. They set a “buy” rating and a $131.00 target price on the stock. Finally, StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a research note on Sunday, August 11th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, DTE Energy has a consensus rating of “Moderate Buy” and an average target price of $122.82.

About DTE Energy

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.