Capital Asset Advisory Services LLC Cuts Stock Position in DTE Energy (NYSE:DTE)

Capital Asset Advisory Services LLC decreased its stake in shares of DTE Energy (NYSE:DTE - Free Report) by 52.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 2,013 shares of the utilities provider's stock after selling 2,199 shares during the period. Capital Asset Advisory Services LLC's holdings in DTE Energy were worth $278,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of DTE. Mattson Financial Services LLC acquired a new stake in DTE Energy during the fourth quarter worth approximately $38,000. Robbins Farley bought a new position in shares of DTE Energy during the fourth quarter worth approximately $57,000. Kestra Investment Management LLC acquired a new stake in DTE Energy during the 4th quarter worth approximately $57,000. Colonial Trust Co SC lifted its holdings in DTE Energy by 1,266.7% during the 4th quarter. Colonial Trust Co SC now owns 656 shares of the utilities provider's stock worth $79,000 after purchasing an additional 608 shares during the last quarter. Finally, Flagship Wealth Advisors LLC bought a new stake in DTE Energy in the 4th quarter valued at $87,000. Institutional investors own 76.06% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Wells Fargo & Company increased their price objective on DTE Energy from $145.00 to $154.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Barclays lowered shares of DTE Energy from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $137.00 to $135.00 in a research report on Thursday, February 20th. Evercore ISI boosted their price objective on shares of DTE Energy from $136.00 to $145.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Citigroup restated a "buy" rating and set a $151.00 target price (up previously from $142.00) on shares of DTE Energy in a research report on Friday, May 23rd. Finally, BMO Capital Markets lifted their price target on shares of DTE Energy from $135.00 to $142.00 and gave the company a "market perform" rating in a research report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $140.93.

DTE Energy Trading Up 0.9%

Shares of DTE stock traded up $1.15 during trading hours on Friday, reaching $133.85. The company's stock had a trading volume of 1,419,916 shares, compared to its average volume of 1,259,503. The company has a current ratio of 0.71, a quick ratio of 0.46 and a debt-to-equity ratio of 1.77. DTE Energy has a one year low of $108.40 and a one year high of $140.39. The stock has a market capitalization of $27.78 billion, a P/E ratio of 19.77, a P/E/G ratio of 2.41 and a beta of 0.45. The firm's fifty day simple moving average is $134.57 and its 200 day simple moving average is $128.82.

DTE Energy (NYSE:DTE - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The utilities provider reported $2.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.98 by $0.12. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. The business had revenue of $3.37 billion during the quarter, compared to analysts' expectations of $3.33 billion. During the same quarter in the previous year, the business earned $1.67 earnings per share. Equities research analysts expect that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 16th will be given a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date is Monday, June 16th. DTE Energy's dividend payout ratio (DPR) is 58.92%.

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.