Manchester Capital Management LLC Maintains Holdings in DTE Energy Company (NYSE:DTE)

Manchester Capital Management LLC maintained its stake in DTE Energy Company (NYSE:DTE) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,043 shares of the utilities provider’s stock at the close of the second quarter. Manchester Capital Management LLC’s holdings in DTE Energy were worth $110,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of DTE. Pacad Investment Ltd. bought a new stake in DTE Energy in the 2nd quarter valued at about $106,000. Gradient Investments LLC increased its position in shares of DTE Energy by 0.3% during the second quarter. Gradient Investments LLC now owns 1,048 shares of the utilities provider’s stock valued at $111,000 after buying an additional 3 shares during the period. Tortoise Capital Advisors L.L.C. increased its position in shares of DTE Energy by 335.1% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 1,340 shares of the utilities provider’s stock valued at $142,000 after buying an additional 1,032 shares during the period. Johnson Financial Group Inc. increased its position in shares of DTE Energy by 226.0% during the first quarter. Johnson Financial Group Inc. now owns 1,542 shares of the utilities provider’s stock valued at $158,000 after buying an additional 1,069 shares during the period. Finally, Van ECK Associates Corp increased its position in shares of DTE Energy by 18.0% during the first quarter. Van ECK Associates Corp now owns 1,551 shares of the utilities provider’s stock valued at $158,000 after buying an additional 237 shares during the period. 68.63% of the stock is currently owned by institutional investors.

In other news, insider Larry E. Steward sold 9,999 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $107.52, for a total transaction of $1,075,092.48. Following the completion of the sale, the insider now directly owns 39,698 shares in the company, valued at approximately $4,268,328.96. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Gerard M. Anderson sold 12,000 shares of the stock in a transaction on Friday, July 28th. The shares were sold at an average price of $106.83, for a total value of $1,281,960.00. Following the completion of the sale, the chairman now owns 80,000 shares of the company’s stock, valued at $8,546,400. The disclosure for this sale can be found here. Insiders have sold a total of 25,631 shares of company stock worth $2,756,681 in the last three months. Corporate insiders own 0.53% of the company’s stock.

Shares of DTE Energy Company (NYSE DTE) traded down 0.06% during trading on Friday, hitting $110.69. The stock had a trading volume of 448,382 shares. The company has a market cap of $19.86 billion, a P/E ratio of 19.06 and a beta of 0.22. DTE Energy Company has a 12 month low of $89.66 and a 12 month high of $113.71. The stock has a 50-day moving average price of $110.28 and a 200 day moving average price of $106.39.

DTE Energy (NYSE:DTE) last announced its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.08. DTE Energy had a return on equity of 10.67% and a net margin of 8.80%. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the previous year, the company earned $0.98 EPS. The firm’s revenue for the quarter was up 26.2% compared to the same quarter last year. Equities analysts expect that DTE Energy Company will post $5.42 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Sunday, October 15th. Stockholders of record on Monday, September 18th will be paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend is Friday, September 15th. DTE Energy’s dividend payout ratio (DPR) is 56.60%.

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Several research analysts recently weighed in on the stock. Zacks Investment Research cut shares of DTE Energy from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. BMO Capital Markets reaffirmed a “hold” rating and issued a $111.00 target price on shares of DTE Energy in a research note on Friday, July 28th. BidaskClub lowered DTE Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $121.00 target price on shares of DTE Energy in a research note on Tuesday, August 29th. Finally, KeyCorp reissued a “buy” rating and set a $113.00 price objective on shares of DTE Energy in a research note on Sunday, August 27th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $109.20.

DTE Energy Profile

Institutional Ownership by Quarter for DTE Energy (NYSE:DTE)

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