DTE Energy (NYSE:DTE) Position Increased by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC increased its stake in shares of DTE Energy (NYSE:DTE) by 12.9% in the first quarter, Holdings Channel.com reports. The institutional investor owned 34,655 shares of the utilities provider’s stock after acquiring an additional 3,948 shares during the period. O Shaughnessy Asset Management LLC’s holdings in DTE Energy were worth $3,886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. ESL Trust Services LLC acquired a new position in shares of DTE Energy during the first quarter valued at $27,000. MV Capital Management Inc. boosted its position in shares of DTE Energy by 104.4% during the fourth quarter. MV Capital Management Inc. now owns 280 shares of the utilities provider’s stock worth $31,000 after buying an additional 143 shares during the period. Rise Advisors LLC grew its holdings in DTE Energy by 89.6% in the 1st quarter. Rise Advisors LLC now owns 273 shares of the utilities provider’s stock worth $31,000 after buying an additional 129 shares in the last quarter. Denali Advisors LLC bought a new position in DTE Energy in the 1st quarter worth approximately $34,000. Finally, Salomon & Ludwin LLC increased its position in DTE Energy by 82.3% in the 1st quarter. Salomon & Ludwin LLC now owns 432 shares of the utilities provider’s stock valued at $48,000 after acquiring an additional 195 shares during the period. 76.06% of the stock is owned by institutional investors and hedge funds.

DTE Energy Price Performance

DTE Energy stock traded down $1.31 during mid-day trading on Tuesday, hitting $115.90. The company’s stock had a trading volume of 635,193 shares, compared to its average volume of 1,099,613. DTE Energy has a twelve month low of $90.14 and a twelve month high of $118.58. The stock’s fifty day moving average price is $112.94 and its two-hundred day moving average price is $110.14. The stock has a market capitalization of $23.98 billion, a P/E ratio of 18.97, a P/E/G ratio of 2.11 and a beta of 0.66. 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 (NYSE:DTE) last issued its 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). DTE Energy had a return on equity of 11.53% and a net margin of 10.36%. The company had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.81 billion. Research analysts forecast that DTE Energy will post 6.69 earnings per share for the current year.

DTE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders 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 3.52%. The ex-dividend date of this dividend is Monday, September 16th. DTE Energy’s dividend payout ratio is presently 66.78%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on DTE shares. 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. KeyCorp raised their target price on shares of DTE Energy from $117.00 to $125.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. BMO Capital Markets upped their price target on shares of DTE Energy from $120.00 to $123.00 and gave the stock a “market perform” rating in a research note on Monday, July 15th. Morgan Stanley lowered their price objective on shares of DTE Energy from $116.00 to $111.00 and set an “overweight” rating on the stock in a research note on Monday, June 24th. Finally, Barclays upped their target price on DTE Energy from $115.00 to $119.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, DTE Energy currently has an average rating of “Hold” and a consensus price target of $116.78.

Insiders Place Their Bets

In other news, Vice Chairman Trevor F. Lauer sold 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $115.07, for a total transaction of $402,745.00. Following the sale, the insider now owns 59,475 shares in the company, valued at $6,843,788.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, COO Mark W. Stiers sold 10,000 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $116.00, for a total value of $1,160,000.00. Following the completion of 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 document filed with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Trevor F. Lauer sold 3,500 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $115.07, for a total value of $402,745.00. Following the completion of the transaction, the insider now owns 59,475 shares in the company, valued at approximately $6,843,788.25. The disclosure for this sale can be found here. Insiders sold a total of 14,698 shares of company stock worth $1,702,444 over the last ninety days. 0.61% of the stock is currently owned by company insiders.

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.