DTE Energy (NYSE:DTE) Shares Sold by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC reduced its holdings in shares of DTE Energy (NYSE:DTE) by 32.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,025 shares of the utilities provider’s stock after selling 983 shares during the period. Bryn Mawr Capital Management LLC’s holdings in DTE Energy were worth $235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ESL Trust Services LLC purchased a new stake in shares of DTE Energy during the first quarter worth about $27,000. Rise Advisors LLC raised its holdings in shares of DTE Energy by 89.6% in the first quarter. Rise Advisors LLC now owns 273 shares of the utilities provider’s stock worth $31,000 after buying an additional 129 shares during the last quarter. Ridgewood Investments LLC acquired a new stake in shares of DTE Energy during the second quarter worth $31,000. Denali Advisors LLC purchased a new stake in shares of DTE Energy during the first quarter valued at $34,000. Finally, Salomon & Ludwin LLC grew 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 valued at $48,000 after buying an additional 195 shares during the last quarter. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DTE. Scotiabank lifted their price target on DTE Energy from $120.00 to $137.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Bank of America lifted their target price on DTE Energy from $131.00 to $136.00 and gave the stock a “buy” rating in a report on Thursday. Wells Fargo & Company increased their price target on shares of DTE Energy from $125.00 to $133.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Barclays upped their price objective on shares of DTE Energy from $123.00 to $128.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. Finally, BMO Capital Markets raised their target price on shares of DTE Energy from $120.00 to $123.00 and gave the stock a “market perform” rating in a report on Monday, July 15th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $123.92.

Insider Activity at DTE Energy

In related news, Vice Chairman Trevor F. Lauer sold 3,500 shares of the stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $115.07, for a total value of $402,745.00. Following the completion of the sale, the insider now owns 59,475 shares of the company’s stock, valued at $6,843,788.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Vice Chairman Trevor F. Lauer sold 3,500 shares of the stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $115.07, for a total value of $402,745.00. Following the completion of the sale, the insider now owns 59,475 shares of the company’s stock, valued at $6,843,788.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Lisa A. Muschong sold 1,198 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $116.61, for a total value of $139,698.78. Following the completion of the sale, the vice president now directly owns 4,271 shares of the company’s stock, valued at approximately $498,041.31. The disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.

DTE Energy Price Performance

Shares of DTE Energy stock traded up $0.43 during mid-day trading on Friday, reaching $125.02. 656,194 shares of the stock traded hands, compared to its average volume of 1,067,824. The business has a 50-day moving average of $117.20 and a 200 day moving average of $113.04. DTE Energy has a fifty-two week low of $90.14 and a fifty-two week high of $126.76. The stock has a market capitalization of $25.87 billion, a PE ratio of 20.46, a PEG 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 (NYSE:DTE) last announced its earnings results on Thursday, July 25th. The utilities provider reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.22. DTE Energy had a return on equity of 12.18% and a net margin of 11.18%. The business had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter in the prior year, the firm earned $0.99 earnings per share. On average, analysts predict that DTE Energy will post 6.7 EPS for the current year.

DTE Energy Dividend Announcement

The company 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. The ex-dividend date of this dividend is Monday, September 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.26%. DTE Energy’s payout ratio is currently 66.78%.

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.