Stack Financial Management Inc Sells 208 Shares of DTE Energy (NYSE:DTE)

Stack Financial Management Inc lowered its holdings in DTE Energy (NYSE:DTE) by 0.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 114,596 shares of the utilities provider’s stock after selling 208 shares during the quarter. Stack Financial Management Inc’s holdings in DTE Energy were worth $13,837,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of DTE. Legacy Investment Solutions LLC purchased a new position in DTE Energy in the 3rd quarter valued at approximately $30,000. Ashton Thomas Securities LLC bought a new stake in shares of DTE Energy during the 3rd quarter valued at $35,000. Prospera Private Wealth LLC purchased a new stake in shares of DTE Energy in the third quarter worth about $35,000. Versant Capital Management Inc boosted 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 valued at $36,000 after purchasing an additional 267 shares during the period. Finally, Coastline Trust Co purchased a new stake in shares of DTE Energy in the third quarter worth $39,000. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at DTE Energy

In other DTE Energy news, COO Matthew T. Paul sold 3,801 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $129.56, for a total value of $492,457.56. Following the sale, the chief operating officer now owns 6,951 shares of the company’s stock, valued at $900,571.56. This trade represents a 35.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Tracy J. Myrick sold 1,014 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $129.92, for a total value of $131,738.88. Following the transaction, the chief accounting officer now owns 3,437 shares in the company, valued at approximately $446,535.04. This represents a 22.78 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.61% of the company’s stock.

DTE Energy Stock Performance

DTE Energy stock opened at $132.33 on Tuesday. The firm has a fifty day simple moving average of $122.37 and a two-hundred day simple moving average of $123.50. The company has a quick ratio of 0.46, a current ratio of 0.71 and a debt-to-equity ratio of 1.77. DTE Energy has a twelve month low of $103.06 and a twelve month high of $133.45. The company has a market capitalization of $27.42 billion, a PE ratio of 19.55, a P/E/G ratio of 2.41 and a beta of 0.68.

DTE Energy (NYSE:DTE) last released its earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share for the quarter, beating 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%. Research analysts expect that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be issued a $1.09 dividend. This represents a $4.36 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend is Monday, March 17th. DTE Energy’s dividend payout ratio is 64.40%.

Analysts Set New Price Targets

DTE has been the subject of several recent analyst reports. StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a research report on Friday. KeyCorp cut shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. Barclays lowered shares of DTE Energy from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $137.00 to $135.00 in a research report on Thursday, February 20th. UBS Group raised shares of DTE Energy from a “neutral” rating to a “buy” rating and increased their price target for the stock from $129.00 to $143.00 in a report on Tuesday, December 3rd. Finally, Guggenheim upgraded shares of DTE Energy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, DTE Energy has a consensus rating of “Moderate Buy” and a consensus price target of $135.67.

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.