Duncker Streett & Co. Inc. Has $60,000 Holdings in DTE Energy (NYSE:DTE)

Duncker Streett & Co. Inc. lowered its position in DTE Energy (NYSE:DTE) by 26.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 543 shares of the utilities provider’s stock after selling 200 shares during the period. Duncker Streett & Co. Inc.’s holdings in DTE Energy were worth $60,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Millennium Management LLC boosted its position in DTE Energy by 224.8% during the fourth quarter. Millennium Management LLC now owns 2,379,882 shares of the utilities provider’s stock valued at $279,708,000 after acquiring an additional 1,647,053 shares during the last quarter. Vanguard Group Inc. grew its stake in DTE Energy by 6.6% during the first quarter. Vanguard Group Inc. now owns 23,028,699 shares of the utilities provider’s stock worth $3,044,624,000 after purchasing an additional 1,420,586 shares during the period. Ameriprise Financial Inc. increased its holdings 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 worth $509,081,000 after purchasing an additional 724,561 shares in the last quarter. Morgan Stanley increased its holdings in DTE Energy by 34.8% in the fourth quarter. Morgan Stanley now owns 2,045,650 shares of the utilities provider’s stock worth $240,425,000 after purchasing an additional 527,592 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC grew its position in shares of DTE Energy by 5,116.7% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 401,688 shares of the utilities provider’s stock worth $47,210,000 after buying an additional 393,988 shares during the period. 76.06% of the stock is owned by institutional investors.

Insider Activity

In other DTE Energy news, SVP Joann Chavez sold 6,070 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $109.19, for a total value of $662,783.30. Following the completion of the sale, the senior vice president now directly owns 16,667 shares of the company’s stock, valued at $1,819,869.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other DTE Energy news, SVP Joann Chavez sold 6,070 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $109.19, for a total value of $662,783.30. Following the completion of the sale, the senior vice president now directly owns 16,667 shares of the company’s stock, valued at $1,819,869.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Matthew T. Paul sold 5,850 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $106.92, for a total value of $625,482.00. Following the completion of the sale, the chief operating officer now directly owns 6,951 shares of the company’s stock, valued at $743,200.92. The disclosure for this sale can be found here. Insiders have sold 20,095 shares of company stock worth $2,168,183 over the last 90 days. 0.61% of the stock is currently owned by corporate insiders.

DTE Energy Stock Up 2.0 %

DTE stock opened at $105.27 on Thursday. DTE Energy has a twelve month low of $90.14 and a twelve month high of $116.73. The company has a quick ratio of 0.42, a current ratio of 0.60 and a debt-to-equity ratio of 1.58. The stock’s 50 day moving average is $108.61 and its 200-day moving average is $105.55. The firm has a market capitalization of $21.78 billion, a PE ratio of 15.57, a P/E/G ratio of 2.57 and a beta of 0.64.

DTE Energy (NYSE:DTE) last posted its earnings results on Thursday, February 8th. The utilities provider reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.01. DTE Energy had a return on equity of 11.00% and a net margin of 10.96%. The company had revenue of $3.39 billion for the quarter, compared to analyst estimates of $4.97 billion. During the same quarter last year, the company earned $1.31 earnings per share. Sell-side analysts expect that DTE Energy will post 6.7 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, March 18th were issued a $1.02 dividend. The ex-dividend date was Friday, March 15th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.88%. DTE Energy’s dividend payout ratio is presently 60.36%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Guggenheim lowered shares of DTE Energy from a “buy” rating to a “neutral” rating and set a $111.00 target price on the stock. in a research note on Monday, January 22nd. Wolfe Research lowered DTE Energy from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, January 16th. TheStreet upgraded DTE Energy from a “c+” rating to a “b-” rating in a report on Friday, March 15th. KeyCorp boosted their price objective on DTE Energy from $106.00 to $117.00 and gave the company an “overweight” rating in a report on Thursday, January 4th. Finally, 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. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, DTE Energy presently has a consensus rating of “Hold” and an average price target of $114.56.

DTE Energy 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.