Yousif Capital Management LLC Trims Stock Position in DTE Energy (NYSE:DTE)

Yousif Capital Management LLC reduced its stake in shares of DTE Energy (NYSE:DTE) by 4.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,852 shares of the utilities provider’s stock after selling 1,713 shares during the quarter. Yousif Capital Management LLC’s holdings in DTE Energy were worth $4,174,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Advisory Alpha LLC increased its stake in shares of DTE Energy by 7.2% in the 3rd quarter. Advisory Alpha LLC now owns 2,537 shares of the utilities provider’s stock worth $252,000 after acquiring an additional 170 shares in the last quarter. Czech National Bank lifted its holdings in shares of DTE Energy by 47.7% during the third quarter. Czech National Bank now owns 36,035 shares of the utilities provider’s stock valued at $3,578,000 after purchasing an additional 11,636 shares during the last quarter. Simplicity Solutions LLC lifted its holdings in shares of DTE Energy by 14.1% during the third quarter. Simplicity Solutions LLC now owns 4,334 shares of the utilities provider’s stock valued at $430,000 after purchasing an additional 534 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its position in shares of DTE Energy by 7.0% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 6,056 shares of the utilities provider’s stock worth $601,000 after purchasing an additional 395 shares in the last quarter. Finally, My Legacy Advisors LLC purchased a new stake in shares of DTE Energy in the 3rd quarter worth approximately $293,000. 76.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DTE has been the subject of a number of recent research reports. Guggenheim cut DTE Energy from a “buy” rating to a “neutral” rating and set a $111.00 price objective for the company. in a research note on Monday, January 22nd. TheStreet raised DTE Energy from a “c+” rating to a “b-” rating in a research report on Friday, March 15th. KeyCorp lifted their price target on DTE Energy from $106.00 to $117.00 and gave the stock an “overweight” rating in a research report on Thursday, January 4th. Scotiabank lowered their price target 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. Finally, Barclays lifted their price target on DTE Energy from $112.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $115.10.

DTE Energy Price Performance

Shares of NYSE:DTE opened at $109.52 on Friday. DTE Energy has a fifty-two week low of $90.14 and a fifty-two week high of $116.73. The business has a 50-day simple moving average of $109.15 and a two-hundred day simple moving average of $106.15. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.42 and a current ratio of 0.60. The firm has a market cap of $22.66 billion, a price-to-earnings ratio of 17.92, a price-to-earnings-growth ratio of 2.77 and a beta of 0.64.

DTE Energy (NYSE:DTE) last issued its earnings results on Thursday, April 25th. The utilities provider reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.04). DTE Energy had a return on equity of 11.63% and a net margin of 10.36%. The business had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.81 billion. On average, analysts expect that DTE Energy will post 6.69 earnings per share for the current year.

DTE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, March 18th were given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 3.73%. The ex-dividend date was Friday, March 15th. DTE Energy’s payout ratio is currently 66.78%.

Insider Activity

In other news, CAO Tracy J. Myrick sold 600 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $107.04, for a total transaction of $64,224.00. Following the completion of the sale, the chief accounting officer now owns 3,462 shares of the company’s stock, valued at approximately $370,572.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, COO Matthew T. Paul sold 5,850 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $106.92, for a total transaction of $625,482.00. Following the completion of the transaction, the chief operating officer now directly owns 6,951 shares in the company, valued at approximately $743,200.92. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Tracy J. Myrick sold 600 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $107.04, for a total value of $64,224.00. Following the transaction, the chief accounting officer now owns 3,462 shares of the company’s stock, valued at $370,572.48. The disclosure for this sale can be found here. Insiders sold 20,095 shares of company stock valued at $2,168,183 in the last quarter. 0.61% of the stock is currently owned by insiders.

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.