Coldstream Capital Management Inc. Reduces Position in DTE Energy (NYSE:DTE)

Coldstream Capital Management Inc. reduced its holdings in DTE Energy (NYSE:DTE) by 6.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,323 shares of the utilities provider’s stock after selling 293 shares during the period. Coldstream Capital Management Inc.’s holdings in DTE Energy were worth $477,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. MV Capital Management Inc. raised its holdings in DTE Energy by 104.4% in the 4th quarter. MV Capital Management Inc. now owns 280 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 143 shares during the last quarter. Milestone Investment Advisors LLC acquired a new stake in shares of DTE Energy in the third quarter valued at approximately $36,000. Authentikos Wealth Advisory LLC acquired a new stake in shares of DTE Energy in the third quarter valued at approximately $43,000. Principal Securities Inc. purchased a new position in DTE Energy during the fourth quarter worth approximately $54,000. Finally, Hexagon Capital Partners LLC boosted its stake in DTE Energy by 533.6% during the fourth quarter. Hexagon Capital Partners LLC now owns 773 shares of the utilities provider’s stock worth $85,000 after buying an additional 651 shares during the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.

DTE Energy Stock Down 2.6 %

Shares of NYSE DTE opened at $112.06 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.75 and a debt-to-equity ratio of 1.72. The business’s 50 day moving average is $110.96 and its two-hundred day moving average is $108.36. DTE Energy has a 52-week low of $90.14 and a 52-week high of $117.44. The firm has a market cap of $23.19 billion, a price-to-earnings ratio of 18.34, a PEG ratio of 2.10 and a beta of 0.64.

DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Thursday, April 25th. The utilities provider reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.04). DTE Energy had a net margin of 10.36% and a return on equity of 11.53%. The firm had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.81 billion. Research analysts predict that DTE Energy will post 6.7 EPS for the current year.

DTE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, June 17th will be given a dividend of $1.02 per share. The ex-dividend date is Monday, June 17th. This represents a $4.08 annualized dividend and a dividend yield of 3.64%. DTE Energy’s dividend payout ratio is presently 66.78%.

Insider Activity

In related news, COO Mark W. Stiers sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $116.00, for a total transaction of $1,160,000.00. Following the sale, the chief operating officer now directly owns 41,921 shares of the company’s stock, valued at approximately $4,862,836. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, COO Mark W. Stiers sold 10,000 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $116.00, for a total transaction of $1,160,000.00. Following the completion of the transaction, the chief operating officer now directly owns 41,921 shares of the company’s stock, valued at approximately $4,862,836. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Robert A. Richard sold 4,800 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $107.25, for a total value of $514,800.00. Following the sale, the chief operating officer now owns 26,118 shares in the company, valued at approximately $2,801,155.50. The disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

DTE has been the topic of several analyst reports. BMO Capital Markets lifted their price target on DTE Energy from $111.00 to $113.00 and gave the stock a “market perform” rating in a report on Wednesday, April 17th. Morgan Stanley lifted their target price on shares of DTE Energy from $108.00 to $109.00 and gave the stock an “overweight” rating in a research note on Thursday, March 21st. Scotiabank decreased their target price on shares of DTE Energy from $129.00 to $120.00 and set a “sector outperform” rating on the stock in a report on Monday, April 22nd. Barclays raised their price target on shares of DTE Energy from $115.00 to $119.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. Finally, KeyCorp upped their price objective on DTE Energy from $117.00 to $125.00 and gave the company an “overweight” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $116.30.

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.