Csenge Advisory Group Has $387,000 Stock Holdings in DTE Energy (NYSE:DTE)

Csenge Advisory Group grew its position in DTE Energy (NYSE:DTE) by 23.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,486 shares of the utilities provider’s stock after purchasing an additional 658 shares during the period. Csenge Advisory Group’s holdings in DTE Energy were worth $387,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of DTE. ESL Trust Services LLC acquired a new stake in shares of DTE Energy during the first quarter worth $27,000. Rise Advisors LLC raised its holdings in shares of DTE Energy by 89.6% during the first quarter. Rise Advisors LLC now owns 273 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 129 shares during the period. MV Capital Management Inc. raised its holdings 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 acquiring an additional 143 shares during the period. Denali Advisors LLC acquired a new stake in shares of DTE Energy during the first quarter worth $34,000. Finally, Salomon & Ludwin LLC raised its holdings in shares of DTE Energy by 82.3% during the first quarter. Salomon & Ludwin LLC now owns 432 shares of the utilities provider’s stock worth $48,000 after acquiring an additional 195 shares during the period. 76.06% of the stock is currently owned by institutional investors and hedge funds.

DTE Energy Price Performance

Shares of NYSE:DTE traded down $0.19 during midday trading on Thursday, hitting $119.91. The stock had a trading volume of 804,242 shares, compared to its average volume of 1,099,454. The company’s 50-day moving average price is $114.28 and its 200-day moving average price is $111.13. The company has a market capitalization of $24.81 billion, a P/E ratio of 19.63, a price-to-earnings-growth ratio of 2.27 and a beta of 0.66. The company has a quick ratio of 0.52, a current ratio of 0.69 and a debt-to-equity ratio of 1.73. DTE Energy has a fifty-two week low of $90.14 and a fifty-two week high of $126.76.

DTE Energy (NYSE:DTE) last released its quarterly earnings data on Thursday, July 25th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.22. The business had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.65 billion. DTE Energy had a net margin of 11.18% and a return on equity of 12.18%. During the same period in the prior year, the company earned $0.99 EPS. As a group, equities research analysts predict that DTE Energy will post 6.7 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 16th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date is Monday, September 16th. DTE Energy’s payout ratio is 66.78%.

Insiders Place Their Bets

In other DTE Energy 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 directly owns 59,475 shares of the company’s stock, valued at approximately $6,843,788.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Vice Chairman Trevor F. Lauer sold 3,500 shares of the company’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $115.07, for a total value of $402,745.00. Following the sale, the insider now directly owns 59,475 shares of the company’s stock, valued at approximately $6,843,788.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Lisa A. Muschong sold 1,198 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $116.61, for a total transaction of $139,698.78. Following the completion of the sale, the vice president now directly owns 4,271 shares in the company, valued at $498,041.31. The disclosure for this sale can be found here. Insiders have sold 14,698 shares of company stock valued at $1,702,444 in the last ninety days. 0.61% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. KeyCorp lifted their price target 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. Barclays lifted their price target on shares of DTE Energy from $123.00 to $128.00 and gave the company an “overweight” rating in a research note on Tuesday, July 30th. Morgan Stanley lowered their price target 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. BMO Capital Markets lifted their price objective on shares of DTE Energy from $120.00 to $123.00 and gave the company a “market perform” rating in a research report on Monday, July 15th. Finally, Scotiabank decreased their price objective on shares of 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, DTE Energy presently has an average rating of “Moderate Buy” and an average target price of $119.30.

About DTE Energy

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.