DTE Energy (NYSE:DTE) Shares Sold by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. lowered its stake in shares of DTE Energy (NYSE:DTE) by 2.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 906,245 shares of the utilities provider’s stock after selling 18,729 shares during the period. Duff & Phelps Investment Management Co.’s holdings in DTE Energy were worth $99,923,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. PBMares Wealth Management LLC grew its position in DTE Energy by 4.5% in the fourth quarter. PBMares Wealth Management LLC now owns 2,301 shares of the utilities provider’s stock valued at $254,000 after acquiring an additional 100 shares in the last quarter. Cullen Frost Bankers Inc. increased its stake in DTE Energy by 17.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 702 shares of the utilities provider’s stock worth $70,000 after buying an additional 102 shares during the period. Telemus Capital LLC boosted its position in DTE Energy by 3.1% in the 3rd quarter. Telemus Capital LLC now owns 3,709 shares of the utilities provider’s stock valued at $368,000 after buying an additional 111 shares during the last quarter. ASB Consultores LLC increased its position in shares of DTE Energy by 5.6% during the third quarter. ASB Consultores LLC now owns 2,135 shares of the utilities provider’s stock worth $212,000 after acquiring an additional 114 shares during the last quarter. Finally, Secure Asset Management LLC lifted its stake in shares of DTE Energy by 1.7% in the fourth quarter. Secure Asset Management LLC now owns 7,688 shares of the utilities provider’s stock worth $848,000 after acquiring an additional 127 shares in the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Tracy J. Myrick sold 600 shares of DTE Energy stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $107.04, for a total transaction of $64,224.00. Following the sale, the chief accounting officer now directly owns 3,462 shares in the company, valued at approximately $370,572.48. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CAO Tracy J. Myrick sold 600 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $107.04, for a total value of $64,224.00. Following the sale, the chief accounting officer now owns 3,462 shares of the company’s stock, valued at approximately $370,572.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Robert A. Richard sold 4,800 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $107.25, for a total value of $514,800.00. Following the sale, the chief operating officer now owns 26,118 shares in the company, valued at $2,801,155.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,095 shares of company stock worth $2,168,183. 0.28% of the stock is currently owned by company insiders.

Analyst Ratings Changes

DTE has been the topic of several recent analyst reports. JPMorgan Chase & Co. upped their price target 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 boosted their price objective on DTE Energy from $108.00 to $109.00 and gave the company an “overweight” rating in a report on Thursday, March 21st. Scotiabank decreased their target price 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. Barclays upped their price target on DTE Energy from $115.00 to $119.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, KeyCorp raised their price target on DTE Energy from $106.00 to $117.00 and gave the stock an “overweight” rating in a report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $115.50.

DTE Energy Stock Performance

DTE Energy stock traded down $0.25 on Tuesday, reaching $110.58. 266,049 shares of the stock were exchanged, compared to its average volume of 1,180,134. The company has a current ratio of 0.75, a quick ratio of 0.54 and a debt-to-equity ratio of 1.72. DTE Energy has a twelve month low of $90.14 and a twelve month high of $116.73. The firm has a fifty day moving average price of $109.21 and a two-hundred day moving average price of $106.37. The stock has a market cap of $22.88 billion, a PE ratio of 18.14, a PEG ratio of 2.73 and a beta of 0.64.

DTE Energy (NYSE:DTE) last announced 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 for the quarter, compared to the consensus estimate of $3.81 billion. Sell-side analysts anticipate that DTE Energy will post 6.69 EPS for the current year.

DTE Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, March 18th were issued a $1.02 dividend. The ex-dividend date of this dividend was Friday, March 15th. This represents a $4.08 annualized dividend and a yield of 3.69%. DTE Energy’s dividend payout ratio (DPR) is 66.78%.

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.