Strategic Advisors LLC Cuts Holdings in DTE Energy (NYSE:DTE)

Strategic Advisors LLC decreased its stake in DTE Energy (NYSE:DTE) by 1.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,838 shares of the utilities provider’s stock after selling 867 shares during the period. DTE Energy comprises about 1.0% of Strategic Advisors LLC’s investment portfolio, making the stock its 22nd biggest position. Strategic Advisors LLC’s holdings in DTE Energy were worth $5,385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in DTE. Fermata Advisors LLC bought a new position in shares of DTE Energy during the 4th quarter valued at about $202,000. Pinnacle Associates Ltd. grew its position in DTE Energy by 4.7% during the fourth quarter. Pinnacle Associates Ltd. now owns 5,573 shares of the utilities provider’s stock valued at $615,000 after acquiring an additional 251 shares during the last quarter. Caprock Group LLC purchased a new position in shares of DTE Energy during the fourth quarter worth approximately $256,000. Blue Trust Inc. raised its stake in shares of DTE Energy by 18.2% during the fourth quarter. Blue Trust Inc. now owns 1,872 shares of the utilities provider’s stock worth $206,000 after acquiring an additional 288 shares in the last quarter. Finally, Tectonic Advisors LLC lifted its holdings in shares of DTE Energy by 4.4% in the 4th quarter. Tectonic Advisors LLC now owns 4,360 shares of the utilities provider’s stock worth $481,000 after acquiring an additional 184 shares during the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

DTE Energy Trading Up 0.8 %

DTE stock traded up $0.84 on Friday, reaching $112.14. The company’s stock had a trading volume of 990,495 shares, compared to its average volume of 1,244,057. The firm has a market cap of $23.21 billion, a PE ratio of 16.59, a PEG ratio of 2.79 and a beta of 0.64. The business has a fifty day simple moving average of $107.71 and a two-hundred day simple moving average of $105.23. DTE Energy has a 12-month low of $90.14 and a 12-month high of $116.73. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.42 and a current ratio of 0.60.

DTE Energy (NYSE:DTE) last posted its earnings results on Thursday, February 8th. The utilities provider reported $1.97 EPS for the quarter, topping the consensus estimate of $1.96 by $0.01. DTE Energy had a net margin of 10.96% and a return on equity of 11.00%. The firm had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $4.97 billion. During the same period last year, the company posted $1.31 EPS. As a group, research analysts forecast that DTE Energy will post 6.7 EPS for the current year.

DTE Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Monday, March 18th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, March 15th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.64%. DTE Energy’s dividend payout ratio (DPR) is 60.36%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. KeyCorp lifted their target price on shares of DTE Energy from $106.00 to $117.00 and gave the stock an “overweight” rating in a research report on Thursday, January 4th. Wolfe Research cut DTE Energy from an “outperform” rating to a “peer perform” rating in a report on Tuesday, January 16th. Evercore ISI lifted their price target on DTE Energy from $108.00 to $116.00 and gave the stock an “outperform” rating in a research note on Monday, December 4th. JPMorgan Chase & Co. increased their price objective on DTE Energy from $118.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Finally, BMO Capital Markets decreased their target price on shares of DTE Energy from $113.00 to $111.00 and set a “market perform” rating on the stock in a research note on Monday, February 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $114.00.

Insider Transactions at DTE Energy

In related news, COO Matthew T. Paul sold 5,850 shares of DTE Energy stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $106.92, for a total transaction of $625,482.00. Following the sale, the chief operating officer now directly owns 6,951 shares in the company, valued at $743,200.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO Matthew T. Paul sold 5,850 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $106.92, for a total value of $625,482.00. Following the completion of the transaction, the chief operating officer now directly owns 6,951 shares in the company, valued at approximately $743,200.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Joann Chavez sold 6,070 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $109.19, for a total transaction of $662,783.30. Following the sale, the senior vice president now directly owns 16,667 shares in the company, valued at approximately $1,819,869.73. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,095 shares of company stock valued at $2,168,183. Corporate insiders own 0.61% of the company’s stock.

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.