Lmcg Investments LLC Sells 394 Shares of DTE Energy (NYSE:DTE)

by · The Cerbat Gem

Lmcg Investments LLC lessened its position in DTE Energy (NYSE:DTE – Free Report) by 1.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,005 shares of the utilities provider’s stock after selling 394 shares during the quarter. Lmcg Investments LLC’s holdings in DTE Energy were worth $2,482,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in DTE. Retirement Income Solutions Inc boosted its position in DTE Energy by 6.8% during the first quarter. Retirement Income Solutions Inc now owns 2,498 shares of the utilities provider’s stock valued at $330,000 after buying an additional 158 shares during the period. Prudential PLC purchased a new stake in DTE Energy during the first quarter valued at about $1,710,000. Cetera Investment Advisers boosted its position in DTE Energy by 4.3% during the first quarter. Cetera Investment Advisers now owns 7,094 shares of the utilities provider’s stock valued at $938,000 after buying an additional 290 shares during the period. Moors & Cabot Inc. purchased a new stake in DTE Energy during the first quarter valued at about $280,000. Finally, Vanguard Group Inc. boosted its position in DTE Energy by 6.6% during the first quarter. Vanguard Group Inc. now owns 23,028,699 shares of the utilities provider’s stock valued at $3,044,624,000 after buying an additional 1,420,586 shares during the period. Institutional investors own 74.72% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on DTE shares. StockNews.com lowered shares of DTE Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Guggenheim lowered shares of DTE Energy from a “buy” rating to a “neutral” rating and set a $111.00 price target for the company. in a research report on Monday. Wolfe Research lowered shares of DTE Energy from an “outperform” rating to a “peer perform” rating in a report on Tuesday, January 16th. BMO Capital Markets increased their target price on shares of DTE Energy from $107.00 to $111.00 and gave the stock a “market perform” rating in a report on Monday, December 4th. Finally, TheStreet lowered shares of DTE Energy from a “b-” rating to a “c+” rating in a report on Friday, October 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $82.69.

Read Our Latest Report on DTE Energy

DTE Energy Stock Performance

Shares of DTE opened at $104.52 on Monday. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.85 and a quick ratio of 0.57. DTE Energy has a one year low of $90.14 and a one year high of $117.19. The company has a 50-day simple moving average of $107.69 and a two-hundred day simple moving average of $105.36. The firm has a market capitalization of $21.56 billion, a PE ratio of 17.28, a price-to-earnings-growth ratio of 2.61 and a beta of 0.65.

DTE Energy (NYSE:DTE – Get Free Report) last issued its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $1.44 EPS for the quarter, missing the consensus estimate of $1.67 by ($0.23). DTE Energy had a return on equity of 9.85% and a net margin of 8.99%. The company had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $3.96 billion. During the same quarter last year, the business earned $1.60 earnings per share. On average, analysts anticipate that DTE Energy will post 5.77 EPS for the current fiscal year.

DTE Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Monday, December 18th were paid a dividend of $1.02 per share. This is an increase from DTE Energy’s previous quarterly dividend of $0.95. The ex-dividend date was Friday, December 15th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.90%. DTE Energy’s dividend payout ratio (DPR) is currently 67.44%.

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 approximately 2.3 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 solar assets.

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