Stephens Consulting LLC Decreases Position in DTE Energy (NYSE:DTE)

Stephens Consulting LLC cut its position in DTE Energy (NYSE:DTE) by 3.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 3,842 shares of the utilities provider’s stock after selling 155 shares during the period. Stephens Consulting LLC’s holdings in DTE Energy were worth $431,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Capital Research Global Investors raised its holdings in DTE Energy by 1.9% in the fourth quarter. Capital Research Global Investors now owns 20,933,030 shares of the utilities provider’s stock worth $2,308,076,000 after buying an additional 399,646 shares during the last quarter. Ameriprise Financial Inc. raised 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 buying an additional 724,561 shares during the last quarter. Boston Partners raised its holdings in DTE Energy by 66.8% in the fourth quarter. Boston Partners now owns 2,542,081 shares of the utilities provider’s stock worth $280,247,000 after buying an additional 1,018,212 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in DTE Energy by 2.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,682,067 shares of the utilities provider’s stock worth $185,465,000 after buying an additional 40,208 shares during the last quarter. Finally, California Public Employees Retirement System raised its holdings in DTE Energy by 0.8% in the fourth quarter. California Public Employees Retirement System now owns 1,242,920 shares of the utilities provider’s stock worth $137,044,000 after buying an additional 9,944 shares during the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DTE. TheStreet raised shares of DTE Energy from a “c+” rating to a “b-” rating in a report on Friday, March 15th. JPMorgan Chase & Co. boosted their price objective on shares of DTE Energy from $118.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. Morgan Stanley decreased their price objective on shares of DTE Energy from $116.00 to $111.00 and set an “overweight” rating for the company in a report on Monday, June 24th. Barclays boosted their price objective on shares of DTE Energy from $115.00 to $119.00 and gave the company an “overweight” rating in a report on Tuesday, April 30th. Finally, KeyCorp boosted their price objective on shares of DTE Energy from $117.00 to $125.00 and gave the company an “overweight” rating in a report on Monday, May 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $115.67.

Insider Activity at DTE Energy

In other news, Vice Chairman Trevor F. Lauer sold 3,500 shares of the stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $115.07, for a total value of $402,745.00. Following the sale, the insider now owns 59,475 shares of the company’s stock, valued at $6,843,788.25. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, VP Lisa A. Muschong sold 1,198 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $116.61, for a total value of $139,698.78. Following the transaction, the vice president now owns 4,271 shares of the company’s stock, valued at approximately $498,041.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Trevor F. Lauer sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $115.07, for a total transaction of $402,745.00. Following the completion of the transaction, the insider now directly owns 59,475 shares in the company, valued at approximately $6,843,788.25. The disclosure for this sale can be found here. Insiders have sold a total of 14,698 shares of company stock valued at $1,702,444 over the last 90 days. 0.61% of the stock is owned by corporate insiders.

DTE Energy Price Performance

DTE Energy stock traded down $0.24 during mid-day trading on Friday, reaching $111.01. 1,566,147 shares of the company’s stock traded hands, compared to its average volume of 999,063. The company has a market cap of $22.97 billion, a price-to-earnings ratio of 18.17, a PEG ratio of 2.02 and a beta of 0.67. The stock has a 50 day moving average of $112.96 and a two-hundred day moving average of $109.95. The company has a quick ratio of 0.54, a current ratio of 0.75 and a debt-to-equity ratio of 1.72. DTE Energy has a 12-month low of $90.14 and a 12-month high of $117.44.

DTE Energy (NYSE:DTE) last released its quarterly earnings results on Thursday, April 25th. The utilities provider reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.04). The business had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.81 billion. DTE Energy had a net margin of 10.36% and a return on equity of 11.53%. Equities analysts forecast that DTE Energy will post 6.69 earnings per share for the current year.

DTE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 16th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date is Monday, September 16th. DTE Energy’s payout ratio is 66.78%.

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.