Sentry Investment Management LLC Sells 178 Shares of DTE Energy (NYSE:DTE)

Sentry Investment Management LLC reduced its position in DTE Energy (NYSE:DTE) by 23.0% during the first quarter, Holdings Channel.com reports. The institutional investor owned 596 shares of the utilities provider’s stock after selling 178 shares during the period. Sentry Investment Management LLC’s holdings in DTE Energy were worth $76,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DTE. Merit Financial Group LLC raised its holdings in shares of DTE Energy by 28.9% during the 1st quarter. Merit Financial Group LLC now owns 6,629 shares of the utilities provider’s stock worth $917,000 after acquiring an additional 1,486 shares in the last quarter. Hummer Financial Advisory Services Inc increased its position in DTE Energy by 4.7% in the first quarter. Hummer Financial Advisory Services Inc now owns 4,413 shares of the utilities provider’s stock worth $615,000 after purchasing an additional 200 shares during the last quarter. NBC Securities Inc. bought a new stake in DTE Energy in the first quarter worth $122,000. Advance Capital Management Inc. raised its stake in DTE Energy by 3.7% during the first quarter. Advance Capital Management Inc. now owns 4,649 shares of the utilities provider’s stock valued at $643,000 after purchasing an additional 168 shares in the last quarter. Finally, Czech National Bank lifted its position in DTE Energy by 6.0% during the first quarter. Czech National Bank now owns 47,600 shares of the utilities provider’s stock valued at $6,582,000 after purchasing an additional 2,696 shares during the last quarter. 76.06% of the stock is owned by institutional investors.

DTE Energy Trading Down 1.6%

DTE opened at $133.41 on Thursday. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71. The stock’s 50 day moving average price is $134.77 and its 200-day moving average price is $128.65. DTE Energy has a one year low of $108.40 and a one year high of $140.39. The stock has a market cap of $27.68 billion, a price-to-earnings ratio of 19.71, a P/E/G ratio of 2.41 and a beta of 0.47.

DTE Energy (NYSE:DTE) last posted 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. The company had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $3.33 billion. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. During the same quarter in the previous year, the business earned $1.67 EPS. On average, equities analysts forecast that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 16th will be paid a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend is Monday, June 16th. DTE Energy’s dividend payout ratio is currently 58.92%.

Analyst Ratings Changes

DTE has been the topic of a number of research reports. Evercore ISI boosted their target price on shares of DTE Energy from $136.00 to $145.00 and gave the stock an “outperform” rating in a report on Friday, May 2nd. Morgan Stanley dropped their price target on DTE Energy from $136.00 to $134.00 and set an “overweight” rating for the company in a research report on Thursday, May 22nd. Citigroup reissued 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. BMO Capital Markets upped their price objective on DTE Energy from $135.00 to $142.00 and gave the company a “market perform” rating in a research report on Monday, April 21st. Finally, Wells Fargo & Company lifted their target price on DTE Energy from $145.00 to $154.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $140.93.

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.