Dean Capital Investments Management LLC Trims Stake in DTE Energy Co (NYSE:DTE)

Dean Capital Investments Management LLC lowered its stake in DTE Energy Co (NYSE:DTE) by 8.0% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,412 shares of the utilities provider’s stock after selling 382 shares during the quarter. Dean Capital Investments Management LLC’s holdings in DTE Energy were worth $587,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in DTE Energy by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 21,203,264 shares of the utilities provider’s stock valued at $2,711,474,000 after purchasing an additional 272,213 shares in the last quarter. BlackRock Inc. grew its position in DTE Energy by 7.2% during the second quarter. BlackRock Inc. now owns 15,596,423 shares of the utilities provider’s stock valued at $1,994,469,000 after acquiring an additional 1,047,518 shares during the last quarter. Northern Trust Corp grew its position in DTE Energy by 2.2% during the second quarter. Northern Trust Corp now owns 2,470,754 shares of the utilities provider’s stock valued at $315,960,000 after acquiring an additional 52,102 shares during the last quarter. Boston Partners grew its position in DTE Energy by 8.7% during the second quarter. Boston Partners now owns 1,858,705 shares of the utilities provider’s stock valued at $237,706,000 after acquiring an additional 148,475 shares during the last quarter. Finally, Invesco Ltd. grew its position in DTE Energy by 10.1% during the second quarter. Invesco Ltd. now owns 1,768,182 shares of the utilities provider’s stock valued at $226,115,000 after acquiring an additional 162,549 shares during the last quarter. 69.09% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Gary Torgow purchased 1,537 shares of DTE Energy stock in a transaction dated Thursday, September 5th. The stock was purchased at an average cost of $129.95 per share, for a total transaction of $199,733.15. Following the completion of the acquisition, the director now directly owns 2,537 shares of the company’s stock, valued at $329,683.15. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Mark W. Stiers sold 10,000 shares of DTE Energy stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $131.00, for a total value of $1,310,000.00. Following the completion of the sale, the chief operating officer now owns 17,111 shares of the company’s stock, valued at $2,241,541. The disclosure for this sale can be found here. 0.55% of the stock is owned by company insiders.

DTE has been the subject of a number of analyst reports. UBS Group reissued a “buy” rating on shares of DTE Energy in a research note on Saturday, November 2nd. Bank of America reissued a “buy” rating on shares of DTE Energy in a research note on Saturday, November 2nd. ValuEngine lowered DTE Energy from a “buy” rating to a “hold” rating in a research note on Saturday, August 10th. Mizuho set a $134.00 price objective on DTE Energy and gave the company a “buy” rating in a research note on Monday, October 21st. Finally, Credit Suisse Group reaffirmed a “neutral” rating on shares of DTE Energy in a research note on Friday. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $130.17.

DTE stock traded down $0.04 on Tuesday, reaching $120.67. The company’s stock had a trading volume of 59,362 shares, compared to its average volume of 1,584,791. The business has a fifty day simple moving average of $128.76 and a two-hundred day simple moving average of $128.51. DTE Energy Co has a 12-month low of $107.22 and a 12-month high of $134.37. The firm has a market cap of $22.81 billion, a PE ratio of 19.15, a PEG ratio of 3.24 and a beta of 0.18. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.56 and a current ratio of 0.77.

DTE Energy (NYSE:DTE) last announced its quarterly earnings results on Monday, October 28th. The utilities provider reported $1.91 EPS for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.09). The business had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $3.65 billion. DTE Energy had a return on equity of 9.93% and a net margin of 8.24%. During the same period in the previous year, the business earned $2.13 EPS. As a group, research analysts anticipate that DTE Energy Co will post 6.2 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th will be issued a dividend of $1.013 per share. The ex-dividend date of this dividend is Friday, December 13th. This is an increase from DTE Energy’s previous quarterly dividend of $0.95. This represents a $4.05 annualized dividend and a dividend yield of 3.36%. DTE Energy’s dividend payout ratio (DPR) is presently 60.00%.

DTE Energy Profile

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.2 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets.

See Also: Risk Tolerance and Your Investment Decisions

Want to see what other hedge funds are holding DTE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DTE Energy Co (NYSE:DTE).

Institutional Ownership by Quarter for DTE Energy (NYSE:DTE)

Receive News & Ratings for DTE Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DTE Energy and related companies with MarketBeat.com's FREE daily email newsletter.