Wealth Enhancement Advisory Services LLC Sells 18,528 Shares of DTE Energy Company (NYSE:DTE)

Wealth Enhancement Advisory Services LLC trimmed its position in shares of DTE Energy Company (NYSE:DTE - Free Report) by 40.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,730 shares of the utilities provider's stock after selling 18,528 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in DTE Energy were worth $3,696,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UMB Bank n.a. lifted its holdings in DTE Energy by 0.9% during the first quarter. UMB Bank n.a. now owns 9,041 shares of the utilities provider's stock worth $1,250,000 after acquiring an additional 78 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of DTE Energy by 8.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,205 shares of the utilities provider's stock worth $146,000 after purchasing an additional 90 shares during the period. My Legacy Advisors LLC lifted its holdings in shares of DTE Energy by 2.4% during the 1st quarter. My Legacy Advisors LLC now owns 4,132 shares of the utilities provider's stock valued at $571,000 after purchasing an additional 95 shares in the last quarter. Bernard Wealth Management Corp. grew its position in shares of DTE Energy by 1.0% in the 1st quarter. Bernard Wealth Management Corp. now owns 10,190 shares of the utilities provider's stock valued at $1,409,000 after purchasing an additional 101 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. increased its stake in DTE Energy by 0.4% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 27,281 shares of the utilities provider's stock worth $3,294,000 after purchasing an additional 110 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company's stock.

DTE Energy Stock Up 0.1%

DTE traded up $0.09 during trading on Friday, reaching $131.65. 1,870,358 shares of the stock were exchanged, compared to its average volume of 1,270,734. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.59 and a current ratio of 0.87. The stock's 50 day moving average price is $135.02 and its two-hundred day moving average price is $129.72. DTE Energy Company has a twelve month low of $108.40 and a twelve month high of $140.39. The stock has a market cap of $27.32 billion, a P/E ratio of 17.79, a price-to-earnings-growth ratio of 2.38 and a beta of 0.45.

DTE Energy (NYSE:DTE - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $3.33 billion. During the same period in the previous year, the business earned $1.67 EPS. Equities analysts expect that DTE Energy Company 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 Wednesday, October 15th. Stockholders of record on Monday, September 15th will be paid a dividend of $1.09 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $4.36 annualized dividend and a dividend yield of 3.31%. DTE Energy's dividend payout ratio is currently 58.92%.

Wall Street Analyst Weigh In

DTE has been the topic of a number of research reports. Morgan Stanley cut their price target on shares of DTE Energy from $136.00 to $134.00 and set an "overweight" rating on the stock in a research note on Thursday, May 22nd. Wells Fargo & Company boosted their price objective on shares of DTE Energy from $145.00 to $154.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Guggenheim increased their target price on DTE Energy from $139.00 to $147.00 and gave the stock a "buy" rating in a report on Friday, March 21st. BMO Capital Markets boosted their price target on DTE Energy from $135.00 to $142.00 and gave the company a "market perform" rating in a report on Monday, April 21st. Finally, Evercore ISI upped their price objective on DTE Energy from $136.00 to $145.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $140.93.

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.