Janus Henderson Group PLC Decreases Stock Position in DTE Energy Co (NYSE:DTE)

Janus Henderson Group PLC cut its holdings in DTE Energy Co (NYSE:DTE) by 9.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,206,514 shares of the utilities provider’s stock after selling 127,525 shares during the period. Janus Henderson Group PLC owned about 0.66% of DTE Energy worth $154,288,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in shares of DTE Energy by 6.9% during the fourth quarter. Geode Capital Management LLC now owns 2,344,758 shares of the utilities provider’s stock valued at $258,174,000 after purchasing an additional 150,611 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new position in shares of DTE Energy during the first quarter valued at approximately $719,000. Louisiana State Employees Retirement System increased its stake in shares of DTE Energy by 1.1% during the first quarter. Louisiana State Employees Retirement System now owns 9,600 shares of the utilities provider’s stock valued at $1,198,000 after purchasing an additional 100 shares in the last quarter. Retirement Systems of Alabama increased its stake in shares of DTE Energy by 1.1% during the first quarter. Retirement Systems of Alabama now owns 84,711 shares of the utilities provider’s stock valued at $10,567,000 after purchasing an additional 884 shares in the last quarter. Finally, Ford Financial Group Inc. bought a new position in shares of DTE Energy during the first quarter valued at approximately $252,000. Institutional investors and hedge funds own 70.32% of the company’s stock.

In related news, VP Lisa A. Muschong sold 237 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $128.86, for a total value of $30,539.82. Following the sale, the vice president now owns 2,100 shares in the company, valued at $270,606. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark W. Stiers sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $127.84, for a total transaction of $1,278,400.00. Following the completion of the sale, the insider now owns 6,700 shares in the company, valued at approximately $856,528. The disclosure for this sale can be found here. Insiders sold 21,737 shares of company stock worth $2,781,170 in the last 90 days. 0.55% of the stock is currently owned by corporate insiders.

NYSE:DTE opened at $126.16 on Thursday. The firm’s 50 day moving average price is $129.13. DTE Energy Co has a 52 week low of $106.41 and a 52 week high of $132.09. The company has a current ratio of 0.75, a quick ratio of 0.54 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $23.48 billion, a PE ratio of 20.03, a price-to-earnings-growth ratio of 3.44 and a beta of 0.24.

DTE Energy (NYSE:DTE) last issued its earnings results on Wednesday, July 24th. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.10). DTE Energy had a return on equity of 10.33% and a net margin of 8.09%. The company had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter in the prior year, the business posted $1.36 EPS. On average, sell-side analysts forecast that DTE Energy Co will post 6.21 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 16th will be issued a $0.945 dividend. This represents a $3.78 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend is Friday, September 13th. DTE Energy’s dividend payout ratio is currently 60.00%.

A number of brokerages have weighed in on DTE. Bank of America decreased their target price on shares of DTE Energy from $124.00 to $122.00 and set an “underperform” rating for the company in a research note on Monday, June 3rd. Zacks Investment Research raised shares of DTE Energy from a “hold” rating to a “buy” rating and set a $137.00 target price for the company in a research note on Tuesday, April 23rd. KeyCorp began coverage on shares of DTE Energy in a research note on Tuesday, June 4th. They set an “overweight” rating and a $136.00 target price for the company. ValuEngine cut shares of DTE Energy from a “buy” rating to a “hold” rating in a report on Saturday, August 10th. Finally, Mizuho began coverage on shares of DTE Energy in a report on Monday. They set a “neutral” rating and a $131.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. DTE Energy currently has a consensus rating of “Hold” and a consensus price target of $126.36.

DTE Energy Company 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.

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

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