DTE Energy (NYSE:DTE) Shares Purchased by Hummer Financial Advisory Services Inc

Hummer Financial Advisory Services Inc increased its position in shares of DTE Energy (NYSE:DTEFree Report) by 3.2% during the 1st quarter, Holdings Channel.com reports. The fund owned 4,553 shares of the utilities provider’s stock after acquiring an additional 140 shares during the period. Hummer Financial Advisory Services Inc’s holdings in DTE Energy were worth $515,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. MV Capital Management Inc. lifted its stake in DTE Energy by 104.4% during the 4th quarter. MV Capital Management Inc. now owns 280 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 143 shares in the last quarter. Rise Advisors LLC raised its position in DTE Energy by 89.6% in the 1st quarter. Rise Advisors LLC now owns 273 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 129 shares in the last quarter. Creekmur Asset Management LLC acquired a new stake in DTE Energy in the 4th quarter valued at about $53,000. Principal Securities Inc. acquired a new stake in DTE Energy in the 4th quarter valued at about $54,000. Finally, Quarry LP acquired a new stake in DTE Energy in the 4th quarter valued at about $63,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

Insider Buying and Selling

In related news, Vice Chairman Trevor F. Lauer sold 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $115.07, for a total transaction of $402,745.00. Following the transaction, the insider now owns 59,475 shares in the company, valued at approximately $6,843,788.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other DTE Energy news, VP Lisa A. Muschong sold 1,198 shares of DTE Energy stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $116.61, for a total value of $139,698.78. Following the transaction, the vice president now directly owns 4,271 shares in the company, valued at approximately $498,041.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Trevor F. Lauer sold 3,500 shares of DTE Energy stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $115.07, for a total value of $402,745.00. Following the completion of the transaction, the insider now owns 59,475 shares in the company, valued at $6,843,788.25. The disclosure for this sale can be found here. Insiders have sold 14,698 shares of company stock worth $1,702,444 in the last quarter. 0.61% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. BMO Capital Markets increased their price target on DTE Energy from $111.00 to $113.00 and gave the company a “market perform” rating in a research report on Wednesday, April 17th. TheStreet raised DTE Energy from a “c+” rating to a “b-” rating in a research report on Friday, March 15th. Morgan Stanley increased their price target on DTE Energy from $108.00 to $109.00 and gave the company an “overweight” rating in a research report on Thursday, March 21st. KeyCorp increased their price target on DTE Energy from $117.00 to $125.00 and gave the company an “overweight” rating in a research report on Monday, May 20th. Finally, JPMorgan Chase & Co. increased 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, DTE Energy presently has a consensus rating of “Hold” and a consensus target price of $115.44.

Get Our Latest Stock Analysis on DTE Energy

DTE Energy Stock Performance

NYSE:DTE traded down $0.21 during mid-day trading on Friday, reaching $110.91. 1,884,679 shares of the stock were exchanged, compared to its average volume of 875,593. The company has a 50 day simple moving average of $112.42 and a 200-day simple moving average of $109.86. The stock has a market capitalization of $22.95 billion, a P/E ratio of 18.15, a P/E/G ratio of 2.02 and a beta of 0.67. The company has a quick ratio of 0.54, a current ratio of 0.75 and a debt-to-equity ratio of 1.72. DTE Energy has a 1 year low of $90.14 and a 1 year high of $117.44.

DTE Energy (NYSE:DTEGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The utilities provider reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.04). The firm had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.81 billion. DTE Energy had a return on equity of 11.53% and a net margin of 10.36%. Analysts anticipate that DTE Energy will post 6.7 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, June 17th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Monday, June 17th. This represents a $4.08 dividend on an annualized basis and a yield of 3.68%. DTE Energy’s dividend payout ratio is presently 66.78%.

DTE Energy Profile

(Free Report)

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.

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

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