Yousif Capital Management LLC Sells 1,713 Shares of DTE Energy (NYSE:DTE)

Yousif Capital Management LLC lessened its holdings in DTE Energy (NYSE:DTE) by 4.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 37,852 shares of the utilities provider’s stock after selling 1,713 shares during the period. Yousif Capital Management LLC’s holdings in DTE Energy were worth $4,174,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in DTE. Advisory Alpha LLC boosted its holdings in DTE Energy by 7.2% in the third quarter. Advisory Alpha LLC now owns 2,537 shares of the utilities provider’s stock worth $252,000 after acquiring an additional 170 shares in the last quarter. Czech National Bank raised its stake in shares of DTE Energy by 47.7% in the third quarter. Czech National Bank now owns 36,035 shares of the utilities provider’s stock worth $3,578,000 after purchasing an additional 11,636 shares during the last quarter. Simplicity Solutions LLC raised its stake in shares of DTE Energy by 14.1% in the third quarter. Simplicity Solutions LLC now owns 4,334 shares of the utilities provider’s stock worth $430,000 after purchasing an additional 534 shares during the last quarter. Linden Thomas Advisory Services LLC raised its stake in shares of DTE Energy by 7.0% in the third quarter. Linden Thomas Advisory Services LLC now owns 6,056 shares of the utilities provider’s stock worth $601,000 after purchasing an additional 395 shares during the last quarter. Finally, My Legacy Advisors LLC purchased a new position in shares of DTE Energy in the third quarter worth about $293,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Stock Down 1.5 %

Shares of DTE opened at $109.52 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.42 and a debt-to-equity ratio of 1.58. DTE Energy has a 12 month low of $90.14 and a 12 month high of $116.73. The stock’s 50 day moving average is $109.15 and its two-hundred day moving average is $106.15. The firm has a market cap of $22.66 billion, a P/E ratio of 17.92, a PEG ratio of 2.77 and a beta of 0.64.

DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Thursday, April 25th. The utilities provider reported $1.67 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 11.63%. The business had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.81 billion. Analysts predict that DTE Energy will post 6.69 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, March 18th were issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 3.73%. The ex-dividend date of this dividend was Friday, March 15th. DTE Energy’s payout ratio is currently 66.78%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DTE. Wolfe Research cut DTE Energy from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, January 16th. BMO Capital Markets raised their price objective on DTE Energy from $111.00 to $113.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 17th. Guggenheim cut DTE Energy from a “buy” rating to a “neutral” rating and set a $111.00 price target for the company. in a research report on Monday, January 22nd. Morgan Stanley lifted their price target on DTE Energy from $108.00 to $109.00 and gave the company an “overweight” rating in a research report on Thursday, March 21st. Finally, Scotiabank reduced their price target on DTE Energy from $129.00 to $120.00 and set a “sector outperform” rating for the company in a research report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, DTE Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.10.

Insider Buying and Selling at DTE Energy

In other DTE Energy news, CAO Tracy J. Myrick sold 600 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $107.04, for a total value of $64,224.00. Following the sale, the chief accounting officer now directly owns 3,462 shares of the company’s stock, valued at $370,572.48. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CAO Tracy J. Myrick sold 600 shares of DTE Energy stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $107.04, for a total value of $64,224.00. Following the sale, the chief accounting officer now directly owns 3,462 shares of the company’s stock, valued at $370,572.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $625,482.00. Following the completion of the sale, the chief operating officer now directly owns 6,951 shares in the company, valued at $743,200.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,095 shares of company stock valued at $2,168,183. Company insiders own 0.61% of the company’s stock.

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.