Duff & Phelps Investment Management Co. Has $99.92 Million Stock Holdings in DTE Energy (NYSE:DTE)

Duff & Phelps Investment Management Co. reduced its position in DTE Energy (NYSE:DTE) by 2.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 906,245 shares of the utilities provider’s stock after selling 18,729 shares during the period. Duff & Phelps Investment Management Co. owned about 0.44% of DTE Energy worth $99,923,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the business. MV Capital Management Inc. increased its holdings in DTE Energy by 104.4% in the 4th quarter. MV Capital Management Inc. now owns 280 shares of the utilities provider’s stock valued at $31,000 after buying an additional 143 shares during the period. Milestone Investment Advisors LLC bought a new position in DTE Energy in the 3rd quarter valued at approximately $36,000. Compagnie Lombard Odier SCmA acquired a new stake in DTE Energy during the 3rd quarter worth approximately $37,000. Authentikos Wealth Advisory LLC bought a new stake in DTE Energy during the 3rd quarter worth approximately $43,000. Finally, Horizon Bancorp Inc. IN acquired a new position in DTE Energy in the 3rd quarter valued at approximately $54,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Stock Down 0.2 %

Shares of DTE stock traded down $0.25 on Tuesday, hitting $110.58. The stock had a trading volume of 266,049 shares, compared to its average volume of 1,180,134. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.75 and a quick ratio of 0.54. The business has a 50 day moving average of $109.21 and a 200 day moving average of $106.37. DTE Energy has a 12-month low of $90.14 and a 12-month high of $116.73. The stock has a market cap of $22.88 billion, a price-to-earnings ratio of 18.14, a price-to-earnings-growth ratio of 2.73 and a beta of 0.64.

DTE Energy (NYSE:DTE) last posted its earnings results on Thursday, April 25th. The utilities provider reported $1.67 EPS for the quarter, missing the consensus estimate of $1.71 by ($0.04). The firm had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.81 billion. DTE Energy had a return on equity of 11.53% and a net margin of 10.36%. As a group, analysts expect that DTE Energy will post 6.69 EPS for the current year.

DTE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, March 18th were issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 3.69%. The ex-dividend date was Friday, March 15th. DTE Energy’s dividend payout ratio (DPR) is 66.78%.

Insider Transactions at DTE Energy

In other DTE Energy news, COO Robert A. Richard sold 4,800 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $107.25, for a total transaction of $514,800.00. Following the sale, the chief operating officer now directly owns 26,118 shares of the company’s stock, valued at $2,801,155.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other DTE Energy news, COO Robert A. Richard sold 4,800 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $107.25, for a total transaction of $514,800.00. Following the sale, the chief operating officer now owns 26,118 shares of the company’s stock, valued at approximately $2,801,155.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Tracy J. Myrick sold 600 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $107.04, for a total value of $64,224.00. Following the completion of the transaction, the chief accounting officer now directly owns 3,462 shares of the company’s stock, valued at $370,572.48. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,095 shares of company stock worth $2,168,183. 0.28% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

DTE has been the topic of several analyst reports. Wolfe Research cut shares of DTE Energy from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, January 16th. JPMorgan Chase & Co. upped their price target on DTE Energy from $118.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, March 13th. Scotiabank lowered their price objective on DTE Energy from $129.00 to $120.00 and set a “sector outperform” rating for the company in a research report on Monday, April 22nd. KeyCorp lifted their price objective on DTE Energy from $106.00 to $117.00 and gave the stock an “overweight” rating in a research note on Thursday, January 4th. Finally, Morgan Stanley increased their target price on shares of DTE Energy from $108.00 to $109.00 and gave the company an “overweight” rating in a research report on Thursday, March 21st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, DTE Energy has a consensus rating of “Moderate Buy” and a consensus price target of $115.50.

DTE Energy 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.