Leisure Capital Management Sells 1,809 Shares of DTE Energy (NYSE:DTE)

Leisure Capital Management lessened its holdings in shares of DTE Energy (NYSE:DTE) by 18.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,993 shares of the utilities provider’s stock after selling 1,809 shares during the period. Leisure Capital Management’s holdings in DTE Energy were worth $881,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Advisory Alpha LLC boosted its holdings in shares of DTE Energy by 7.2% during the 3rd quarter. Advisory Alpha LLC now owns 2,537 shares of the utilities provider’s stock valued at $252,000 after purchasing an additional 170 shares during the last quarter. Czech National Bank grew its holdings in shares of DTE Energy by 47.7% in the third quarter. Czech National Bank now owns 36,035 shares of the utilities provider’s stock worth $3,578,000 after purchasing an additional 11,636 shares during the last quarter. Simplicity Solutions LLC increased its stake in DTE Energy by 14.1% in the 3rd quarter. Simplicity Solutions LLC now owns 4,334 shares of the utilities provider’s stock worth $430,000 after buying an additional 534 shares during the period. Linden Thomas Advisory Services LLC grew its stake in 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 acquiring an additional 395 shares in the last quarter. Finally, My Legacy Advisors LLC purchased a new position in shares of DTE Energy during the third quarter worth approximately $293,000. 76.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on DTE shares. Morgan Stanley increased their target price on DTE Energy from $108.00 to $109.00 and gave the company an “overweight” rating in a research report on Thursday, March 21st. TheStreet upgraded DTE Energy from a “c+” rating to a “b-” rating in a research note on Friday, March 15th. BMO Capital Markets increased their price objective on shares of DTE Energy from $111.00 to $113.00 and gave the company a “market perform” rating in a research report on Wednesday, April 17th. Scotiabank reduced their price objective on DTE Energy from $129.00 to $120.00 and set a “sector outperform” rating for the company in a research note on Monday, April 22nd. Finally, KeyCorp upped their price objective on DTE Energy from $106.00 to $117.00 and gave the stock an “overweight” rating in a research report on Thursday, January 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $115.10.

DTE Energy Stock Down 1.5 %

Shares of NYSE:DTE traded down $1.62 during trading on Friday, hitting $109.52. 1,247,739 shares of the company’s stock traded hands, compared to its average volume of 1,158,886. DTE Energy has a 52 week low of $90.14 and a 52 week high of $116.73. The company has a current ratio of 0.60, a quick ratio of 0.42 and a debt-to-equity ratio of 1.58. The company has a 50-day moving average price of $109.15 and a 200-day moving average price of $106.15. The company 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 released its quarterly earnings results on Thursday, April 25th. The utilities provider reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.71 by ($0.04). DTE Energy had a return on equity of 11.63% and a net margin of 10.36%. The firm had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.81 billion. As a group, research analysts forecast that DTE Energy will post 6.69 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, March 18th were issued a $1.02 dividend. The ex-dividend date of this dividend was Friday, March 15th. This represents a $4.08 annualized dividend and a yield of 3.73%. DTE Energy’s payout ratio is 66.78%.

Insider Activity at DTE Energy

In other DTE Energy news, COO Matthew T. Paul sold 5,850 shares of the firm’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 value of $625,482.00. Following the completion of the sale, the chief operating officer now owns 6,951 shares of the company’s stock, valued at $743,200.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other DTE Energy news, COO Matthew T. Paul sold 5,850 shares of DTE Energy stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $106.92, for a total value of $625,482.00. Following the sale, the chief operating officer now owns 6,951 shares of the company’s stock, valued at $743,200.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Lisa A. Muschong sold 2,775 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $108.43, for a total value of $300,893.25. Following the completion of the sale, the vice president now directly owns 5,469 shares of the company’s stock, valued at $593,003.67. The disclosure for this sale can be found here. Insiders have sold a total of 20,095 shares of company stock worth $2,168,183 in the last 90 days. Corporate insiders own 0.61% of the company’s stock.

DTE Energy 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.