Stack Financial Management Inc Cuts Stock Holdings in DTE Energy Company (NYSE:DTE)

Stack Financial Management Inc trimmed its position in shares of DTE Energy Company (NYSE:DTE - Free Report) by 2.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 112,343 shares of the utilities provider's stock after selling 2,253 shares during the period. Stack Financial Management Inc owned approximately 0.05% of DTE Energy worth $15,534,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Capital World Investors raised its holdings in 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 buying an additional 3,766,221 shares during the last quarter. GAMMA Investing LLC raised its holdings in DTE Energy by 14,878.4% in the 1st quarter. GAMMA Investing LLC now owns 1,183,591 shares of the utilities provider's stock valued at $163,655,000 after buying an additional 1,175,689 shares during the last quarter. Vanguard Group Inc. raised its holdings in DTE Energy by 3.6% in 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 buying an additional 879,670 shares during the last quarter. Balyasny Asset Management L.P. raised its holdings in DTE Energy by 1,794.5% in 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 buying an additional 871,978 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in DTE Energy by 750.0% in the 4th quarter. AQR Capital Management LLC now owns 964,655 shares of the utilities provider's stock valued at $116,482,000 after buying an additional 851,169 shares during the last quarter. 76.06% of the stock is currently owned by institutional investors and hedge funds.

DTE Energy Trading Up 1.8%

Shares of NYSE:DTE traded up $2.49 during mid-day trading on Friday, hitting $137.22. The company had a trading volume of 1,494,757 shares, compared to its average volume of 1,299,161. The company has a market capitalization of $28.48 billion, a PE ratio of 18.54, a price-to-earnings-growth ratio of 2.29 and a beta of 0.44. The firm has a fifty day moving average price of $133.92 and a 200 day moving average price of $130.95. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.87 and a quick ratio of 0.59. DTE Energy Company has a one year low of $115.48 and a one year high of $140.39.

DTE Energy (NYSE:DTE - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The utilities provider reported $2.10 EPS for the quarter, beating analysts' consensus estimates of $1.98 by $0.12. The business had revenue of $3.37 billion during the quarter, compared to analyst estimates of $3.33 billion. DTE Energy had a net margin of 11.25% and a return on equity of 13.00%. During the same quarter in the previous year, the business posted $1.67 EPS. As a group, research analysts forecast that DTE Energy Company will post 7.18 EPS for the current year.

DTE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be issued a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date is Monday, September 15th. DTE Energy's dividend payout ratio is 58.92%.

Analyst Ratings Changes

A number of research analysts recently issued reports on DTE shares. Evercore ISI raised 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. Barclays boosted their price target on shares of DTE Energy from $136.00 to $138.00 and gave the stock an "equal weight" rating in a research report on Tuesday. JPMorgan Chase & Co. boosted their price target on shares of DTE Energy from $145.00 to $147.00 and gave the stock a "neutral" rating in a research report on Tuesday. Wall Street Zen downgraded shares of DTE Energy from a "hold" rating to a "sell" rating in a research report on Friday, May 16th. Finally, Guggenheim boosted their price target on shares of DTE Energy from $139.00 to $147.00 and gave the stock a "buy" rating in a research report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, DTE Energy presently has an average rating of "Moderate Buy" and an average target price of $141.53.

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.