DTE Energy Company (NYSE:DTE) Shares Sold by Stack Financial Management Inc

Stack Financial Management Inc lowered its position in shares of DTE Energy Company (NYSE:DTE) by 2.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 112,343 shares of the utilities provider’s stock after selling 2,253 shares during the quarter. Stack Financial Management Inc’s holdings in DTE Energy were worth $15,534,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Capital World Investors boosted its holdings in shares of DTE Energy by 123.2% in the 4th quarter. Capital World Investors now owns 6,823,231 shares of the utilities provider’s stock valued at $823,905,000 after purchasing an additional 3,766,221 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of DTE Energy by 14,878.4% during the 1st quarter. GAMMA Investing LLC now owns 1,183,591 shares of the utilities provider’s stock valued at $163,655,000 after acquiring an additional 1,175,689 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of DTE Energy by 3.6% during the 4th quarter. Vanguard Group Inc. now owns 25,286,380 shares of the utilities provider’s stock valued at $3,053,330,000 after acquiring an additional 879,670 shares in the last quarter. Balyasny Asset Management L.P. lifted its holdings in shares of DTE Energy by 1,794.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 920,569 shares of the utilities provider’s stock valued at $111,159,000 after acquiring an additional 871,978 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of DTE Energy by 750.0% during the 4th quarter. AQR Capital Management LLC now owns 964,655 shares of the utilities provider’s stock valued at $116,482,000 after acquiring an additional 851,169 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Price Performance

DTE opened at $134.17 on Tuesday. The company has a 50-day moving average of $134.12 and a 200-day moving average of $130.81. The company has a market capitalization of $27.84 billion, a P/E ratio of 18.13, a PEG ratio of 2.43 and a beta of 0.44. DTE Energy Company has a 1-year low of $112.65 and a 1-year high of $140.39. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.59 and a current ratio of 0.87.

DTE Energy (NYSE:DTE) last released its earnings results on Thursday, May 1st. The utilities provider reported $2.10 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.12. DTE Energy had a net margin of 11.25% and a return on equity of 13.00%. The company had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter in the previous year, the firm earned $1.67 EPS. Equities analysts expect that DTE Energy Company will post 7.18 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be given a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date is Monday, September 15th. DTE Energy’s dividend payout ratio is presently 58.92%.

Analysts Set New Price Targets

Several research firms recently weighed in on DTE. Citigroup restated a “buy” rating and set a $151.00 target price (up previously from $142.00) on shares of DTE Energy in a report on Friday, May 23rd. Evercore ISI lifted their price target on shares of DTE Energy from $136.00 to $145.00 and gave the stock an “outperform” rating in a research note on Friday, May 2nd. Barclays dropped their price target on shares of DTE Energy from $137.00 to $136.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 10th. Wall Street Zen downgraded shares of DTE Energy from a “hold” rating to a “sell” rating in a research note on Friday, May 16th. Finally, Guggenheim lifted their price target on shares of DTE Energy from $139.00 to $147.00 and gave the stock a “buy” rating in a research note on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.00.

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.