MCF Advisors LLC Maintains Position in DTE Energy Co (DTE)

MCF Advisors LLC continued to hold its stake in shares of DTE Energy Co (NYSE:DTE) during the first quarter, according to its most recent disclosure with the SEC. The firm owned 2,011 shares of the utilities provider’s stock at the end of the first quarter. MCF Advisors LLC’s holdings in DTE Energy were worth $205,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in DTE. Capital One National Association increased its position in DTE Energy by 0.5% in the third quarter. Capital One National Association now owns 2,161 shares of the utilities provider’s stock worth $203,000 after buying an additional 11 shares during the period. Whittier Trust Co. increased its position in DTE Energy by 1.1% in the first quarter. Whittier Trust Co. now owns 1,279 shares of the utilities provider’s stock worth $131,000 after buying an additional 14 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in DTE Energy by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,286 shares of the utilities provider’s stock worth $1,013,000 after buying an additional 38 shares during the period. National Planning Corp increased its position in DTE Energy by 2.1% in the fourth quarter. National Planning Corp now owns 2,928 shares of the utilities provider’s stock worth $290,000 after buying an additional 59 shares during the period. Finally, Shell Asset Management Co. increased its position in shares of DTE Energy by 0.4% in the first quarter. Shell Asset Management Co. now owns 16,104 shares of the utilities provider’s stock worth $1,644,000 after buying an additional 65 shares during the last quarter. 66.85% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for DTE Energy (NYSE:DTE)

Shares of DTE Energy Co (NYSE:DTE) traded up 0.50% during midday trading on Friday, reaching $105.87. The company had a trading volume of 410,626 shares. The company has a market capitalization of $18.99 billion, a P/E ratio of 18.63 and a beta of 0.20. DTE Energy Co has a 12 month low of $87.69 and a 12 month high of $106.21. The firm’s 50 day moving average price is $103.95 and its 200-day moving average price is $99.30.

DTE Energy (NYSE:DTE) last announced its quarterly earnings data on Wednesday, April 26th. The utilities provider reported $1.79 EPS for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.22. The business had revenue of $3.24 billion during the quarter, compared to analyst estimates of $2.93 billion. DTE Energy had a net margin of 8.17% and a return on equity of 10.44%. The firm’s revenue for the quarter was up 26.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.52 earnings per share. Analysts anticipate that DTE Energy Co will post $5.34 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, July 15th. Stockholders of record on Monday, June 19th will be given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 3.13%. DTE Energy’s dividend payout ratio is currently 68.46%.

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A number of equities analysts have commented on DTE shares. Barclays PLC lifted their target price on DTE Energy from $101.00 to $106.00 and gave the company an “overweight” rating in a research note on Friday, January 20th. Zacks Investment Research downgraded DTE Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, January 24th. Credit Suisse Group AG initiated coverage on DTE Energy in a research note on Wednesday, January 25th. They issued a “neutral” rating and a $102.00 target price for the company. Jefferies Group LLC boosted their price objective on DTE Energy to $108.50 in a research report on Friday, February 10th. Finally, Deutsche Bank AG boosted their price objective on DTE Energy from $100.00 to $103.00 and gave the stock a “hold” rating in a research report on Tuesday, April 11th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $108.00.

In other DTE Energy news, insider Trevor F. Lauer sold 3,800 shares of the company’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $104.21, for a total transaction of $395,998.00. Following the sale, the insider now directly owns 10,117 shares of the company’s stock, valued at $1,054,292.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Gerard M. Anderson sold 17,000 shares of the company’s stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $104.77, for a total transaction of $1,781,090.00. Following the sale, the chairman now directly owns 80,000 shares in the company, valued at $8,381,600. The disclosure for this sale can be found here. Insiders have sold 32,571 shares of company stock valued at $3,338,672 in the last ninety days. 0.93% of the stock is owned by company insiders.

DTE Energy Company Profile

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