DTE Energy Company $DTE Position Reduced by Venture Visionary Partners LLC

Key Points

• Venture Visionary Partners LLC reduced its stake in DTE Energy Company by 50%, selling 4,033 shares and now holding 4,037 shares valued at $558,000 as of the end of the most recent quarter.
• DTE Energy reported an EPS of $1.36 for the last quarter, slightly missing analyst expectations, while its revenue was $2.91 billion, exceeding predictions of $2.67 billion.
• The company declared a quarterly dividend of $1.09, with an annualized yield of 3.1%, and a payout ratio of 62.73%, payable on October 15 to shareholders of record as of September 15.

Venture Visionary Partners LLC decreased its stake in shares of DTE Energy Company (NYSE:DTE - Free Report) by 50.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,037 shares of the utilities provider's stock after selling 4,033 shares during the period. Venture Visionary Partners LLC's holdings in DTE Energy were worth $558,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Janus Henderson Group PLC increased its position in DTE Energy by 0.5% during the fourth quarter. Janus Henderson Group PLC now owns 2,732,819 shares of the utilities provider's stock worth $329,988,000 after purchasing an additional 12,554 shares during the last quarter. Northern Trust Corp increased its position in DTE Energy by 0.5% during the first quarter. Northern Trust Corp now owns 1,836,832 shares of the utilities provider's stock worth $253,979,000 after purchasing an additional 9,664 shares during the last quarter. JPMorgan Chase & Co. increased its position in DTE Energy by 57.4% during the first quarter. JPMorgan Chase & Co. now owns 1,405,516 shares of the utilities provider's stock worth $194,341,000 after purchasing an additional 512,567 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in DTE Energy by 0.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,316,107 shares of the utilities provider's stock worth $181,978,000 after buying an additional 9,443 shares during the period. Finally, GAMMA Investing LLC grew its stake in DTE Energy by 14,878.4% during the first quarter. GAMMA Investing LLC now owns 1,183,591 shares of the utilities provider's stock worth $163,655,000 after buying an additional 1,175,689 shares during the period. Institutional investors and hedge funds own 76.06% of the company's stock.

Insider Buying and Selling

In other DTE Energy news, VP Lisa A. Muschong sold 1,600 shares of the stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $140.53, for a total transaction of $224,848.00. Following the transaction, the vice president directly owned 4,153 shares in the company, valued at $583,621.09. This represents a 27.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.33% of the stock is owned by company insiders.

DTE Energy Stock Down 1.1%

Shares of DTE stock traded down $1.5760 on Monday, hitting $138.3640. The stock had a trading volume of 543,584 shares, compared to its average volume of 1,386,377. The firm has a market capitalization of $28.72 billion, a price-to-earnings ratio of 19.91, a P/E/G ratio of 2.78 and a beta of 0.42. The stock's 50 day moving average is $135.85 and its 200-day moving average is $134.43. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.57 and a current ratio of 0.94. DTE Energy Company has a 52-week low of $115.59 and a 52-week high of $142.05.

DTE Energy (NYSE:DTE - Get Free Report) last announced its earnings results on Tuesday, July 29th. The utilities provider reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.01). The firm had revenue of $2.91 billion during the quarter, compared to analysts' expectations of $2.67 billion. DTE Energy had a net margin of 10.16% and a return on equity of 12.72%. As a group, research analysts expect that DTE Energy Company will post 7.18 earnings per share for the current year.

DTE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be paid a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Monday, September 15th. DTE Energy's dividend payout ratio is 62.73%.

Analyst Ratings Changes

Several equities research analysts have issued reports on DTE shares. Wall Street Zen downgraded shares of DTE Energy from a "hold" rating to a "sell" rating in a research note on Monday. JPMorgan Chase & Co. boosted their price objective on shares of DTE Energy from $145.00 to $147.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 15th. BMO Capital Markets boosted their price objective on shares of DTE Energy from $140.00 to $144.00 and gave the stock a "market perform" rating in a research note on Monday. Citigroup reiterated a "buy" rating and set a $151.00 price objective (up from $142.00) on shares of DTE Energy in a research note on Friday, May 23rd. Finally, Barclays boosted their price objective on shares of DTE Energy from $136.00 to $138.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 15th. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, DTE Energy currently has a consensus rating of "Moderate Buy" and an average target price of $142.43.

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.