Reaves W H & Co. Inc. Cuts Position in DTE Energy (NYSE:DTE)

Reaves W H & Co. Inc. lessened its holdings in DTE Energy (NYSE:DTE) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 881,447 shares of the utilities provider’s stock after selling 21,698 shares during the period. DTE Energy comprises about 2.8% of Reaves W H & Co. Inc.’s portfolio, making the stock its 14th largest holding. Reaves W H & Co. Inc. owned 0.43% of DTE Energy worth $106,435,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Farther Finance Advisors LLC increased its stake in shares of DTE Energy by 2.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,588 shares of the utilities provider’s stock valued at $461,000 after purchasing an additional 81 shares in the last quarter. SkyOak Wealth LLC boosted its holdings in DTE Energy by 4.1% in the 4th quarter. SkyOak Wealth LLC now owns 2,174 shares of the utilities provider’s stock worth $262,000 after buying an additional 85 shares during the last quarter. Stratos Wealth Partners LTD. boosted its holdings in DTE Energy by 4.5% in the 4th quarter. Stratos Wealth Partners LTD. now owns 2,139 shares of the utilities provider’s stock worth $258,000 after buying an additional 92 shares during the last quarter. Tidal Investments LLC boosted its holdings in DTE Energy by 4.0% in the 3rd quarter. Tidal Investments LLC now owns 2,490 shares of the utilities provider’s stock worth $320,000 after buying an additional 96 shares during the last quarter. Finally, Bleakley Financial Group LLC boosted its holdings in DTE Energy by 2.3% in the 4th quarter. Bleakley Financial Group LLC now owns 4,345 shares of the utilities provider’s stock worth $525,000 after buying an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on DTE. Scotiabank lifted their price objective on DTE Energy from $137.00 to $147.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Morgan Stanley lowered their price objective on DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. Barclays cut DTE Energy from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $137.00 to $135.00 in a report on Thursday, February 20th. Guggenheim upgraded DTE Energy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, BMO Capital Markets boosted their target price on DTE Energy from $125.00 to $135.00 and gave the stock a “market perform” rating in a report on Tuesday, February 18th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, DTE Energy currently has an average rating of “Moderate Buy” and an average price target of $135.67.

DTE Energy Trading Up 1.1 %

DTE opened at $135.20 on Tuesday. DTE Energy has a one year low of $103.06 and a one year high of $135.24. The stock has a market capitalization of $28.02 billion, a PE ratio of 19.97, a P/E/G ratio of 2.41 and a beta of 0.68. The business’s 50 day moving average price is $123.77 and its 200 day moving average price is $123.93. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71.

DTE Energy (NYSE:DTE) last released its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.51 EPS 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%. As a group, equities research analysts expect that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 17th will be issued a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Monday, March 17th. DTE Energy’s dividend payout ratio is presently 64.40%.

Insider Activity at DTE Energy

In other DTE Energy news, SVP Joann Chavez sold 7,062 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $132.40, for a total value of $935,008.80. Following the sale, the senior vice president now owns 14,067 shares of the company’s stock, valued at $1,862,470.80. The trade was a 33.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Tracy J. Myrick sold 1,014 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $129.92, for a total value of $131,738.88. Following the completion of the sale, the chief accounting officer now directly owns 3,437 shares in the company, valued at approximately $446,535.04. The trade was a 22.78 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,877 shares of company stock worth $1,559,205. Insiders own 0.61% of the company’s stock.

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.