Duff & Phelps Investment Management Co. Decreases Stake in DTE Energy (NYSE:DTE)

Duff & Phelps Investment Management Co. lessened its holdings in DTE Energy (NYSE:DTE) by 12.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 796,847 shares of the utilities provider’s stock after selling 110,498 shares during the period. Duff & Phelps Investment Management Co. owned approximately 0.38% of DTE Energy worth $96,219,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in DTE. Legacy Investment Solutions LLC purchased a new position in DTE Energy during the third quarter worth approximately $30,000. Versant Capital Management Inc raised its holdings in DTE Energy by 890.0% in the 4th quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 267 shares during the period. Robbins Farley acquired a new stake in DTE Energy in the 4th quarter valued at $57,000. Kestra Investment Management LLC acquired a new position in DTE Energy during the 4th quarter valued at about $57,000. Finally, Brooklyn Investment Group bought a new position in DTE Energy during the 3rd quarter worth about $83,000. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at DTE Energy

In other DTE Energy news, COO Matthew T. Paul sold 3,801 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $129.56, for a total value of $492,457.56. Following the completion of the transaction, the chief operating officer now directly owns 6,951 shares of the company’s stock, valued at approximately $900,571.56. The trade was a 35.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Joann Chavez sold 7,062 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $132.40, for a total transaction of $935,008.80. Following the sale, the senior vice president now owns 14,067 shares in the company, valued at $1,862,470.80. This trade represents a 33.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,877 shares of company stock valued at $1,559,205. 0.33% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

DTE has been the topic of several research reports. Guggenheim lifted their price target on shares of DTE Energy from $139.00 to $147.00 and gave the company a “buy” rating in a report on Friday, March 21st. BMO Capital Markets increased their price objective on DTE Energy from $125.00 to $135.00 and gave the stock a “market perform” rating in a report on Tuesday, February 18th. Barclays cut shares of DTE Energy from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $137.00 to $135.00 in a research note on Thursday, February 20th. Morgan Stanley increased their price target on DTE Energy from $131.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, March 20th. Finally, StockNews.com raised shares of DTE Energy from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $138.58.

DTE Energy Trading Down 0.4 %

NYSE DTE opened at $135.17 on Friday. DTE Energy has a 12 month low of $103.06 and a 12 month high of $138.22. The company’s 50-day moving average price is $128.59 and its 200-day moving average price is $125.17. The stock has a market cap of $28.05 billion, a PE ratio of 19.97, a PEG ratio of 2.41 and a beta of 0.59. The company has a current ratio of 0.71, a quick ratio of 0.46 and a debt-to-equity ratio of 1.77.

DTE Energy (NYSE:DTE) last released its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.01. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. Equities research analysts forecast that DTE Energy will post 7.18 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, April 15th. Investors of record on Monday, March 17th will be given a $1.09 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $4.36 annualized dividend and a yield of 3.23%. DTE Energy’s dividend payout ratio is presently 64.40%.

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.