DTE Energy Co (DTE) Stake Lowered by Capital Investment Advisors LLC
Capital Investment Advisors LLC decreased its stake in DTE Energy Co (NYSE:DTE) by 2.2% during the first quarter, Holdings Channel reports. The firm owned 6,194 shares of the utilities provider’s stock after selling 140 shares during the period. Capital Investment Advisors LLC’s holdings in DTE Energy were worth $632,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in DTE. Pacific Center for Financial Services bought a new stake in DTE Energy during the fourth quarter valued at about $111,000. LeJeune Puetz Investment Counsel LLC bought a new stake in DTE Energy during the fourth quarter valued at about $119,000. Vantage Investment Advisors LLC increased its stake 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 valued at $121,000 after buying an additional 9 shares during the period. Van ECK Associates Corp increased its stake in DTE Energy by 24.7% in the fourth quarter. Van ECK Associates Corp now owns 1,314 shares of the utilities provider’s stock valued at $129,000 after buying an additional 260 shares during the period. Finally, TLP Group LLC bought a new stake in DTE Energy during the third quarter valued at about $126,000. Institutional investors own 66.85% of the company’s stock.
DTE Energy Co (NYSE:DTE) traded down 0.02% during trading on Tuesday, reaching $104.42. The company’s stock had a trading volume of 658,740 shares. The stock has a market cap of $18.74 billion, a P/E ratio of 21.62 and a beta of 0.20. DTE Energy Co has a 52-week low of $84.77 and a 52-week high of $104.84. The firm’s 50-day moving average is $101.74 and its 200-day moving average is $97.40.
DTE Energy (NYSE:DTE) last released its quarterly earnings results on Thursday, February 9th. The utilities provider reported $0.81 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by $0.05. DTE Energy had a net margin of 8.17% and a return on equity of 10.44%. The firm earned $2.87 billion during the quarter, compared to analyst estimates of $2.92 billion. During the same period in the prior year, the business earned $1.01 EPS. The business’s revenue for the quarter was up 15.6% compared to the same quarter last year. Equities research analysts forecast that DTE Energy Co will post $5.33 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Saturday, April 15th. Investors of record on Monday, March 20th were given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date of this dividend was Thursday, March 16th. DTE Energy’s dividend payout ratio is currently 68.46%.
Several analysts have recently issued reports on the company. Zacks Investment Research downgraded DTE Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, April 12th. Jefferies Group LLC set a $109.00 price target on DTE Energy and gave the stock a “buy” rating in a research note on Saturday, February 11th. Deutsche Bank AG increased their target price on DTE Energy from $100.00 to $103.00 and gave the company a “hold” rating in a research note on Tuesday, April 11th. Credit Suisse Group AG began coverage on DTE Energy in a research note on Wednesday, January 25th. They set a “neutral” rating and a $102.00 target price for the company. Finally, Barclays PLC increased their target price on DTE Energy from $101.00 to $106.00 and gave the company an “overweight” rating in a research note on Friday, January 20th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $105.88.
In related news, Vice Chairman Steven E. Kurmas sold 10,000 shares of DTE Energy stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $98.25, for a total value of $982,500.00. Following the sale, the insider now owns 48,452 shares of the company’s stock, valued at $4,760,409. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Lisa A. Muschong sold 1,771 shares of DTE Energy stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $101.12, for a total value of $179,083.52. Following the completion of the sale, the vice president now directly owns 2,969 shares in the company, valued at approximately $300,225.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,771 shares of company stock worth $2,830,814. 0.93% of the stock is owned by company insiders.
DTE Energy Company Profile
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