Duff & Phelps Investment Management Co. Has $113.34 Million Stake in DTE Energy Company (NYSE:DTE)

Duff & Phelps Investment Management Co. reduced its position in DTE Energy Company (NYSE:DTE) by 0.0% during the second quarter, Holdings Channel reports. The institutional investor owned 1,071,330 shares of the utilities provider’s stock after selling 295 shares during the period. DTE Energy accounts for approximately 1.6% of Duff & Phelps Investment Management Co.’s portfolio, making the stock its 9th largest position. Duff & Phelps Investment Management Co.’s holdings in DTE Energy were worth $113,336,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. BlackRock Inc. increased its stake in shares of DTE Energy by 2,370.1% in the first quarter. BlackRock Inc. now owns 14,475,164 shares of the utilities provider’s stock worth $1,478,058,000 after buying an additional 13,889,160 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of DTE Energy by 16.4% in the first quarter. AQR Capital Management LLC now owns 3,276,539 shares of the utilities provider’s stock worth $334,567,000 after buying an additional 461,310 shares during the last quarter. Legal & General Group Plc increased its stake in shares of DTE Energy by 42.0% in the first quarter. Legal & General Group Plc now owns 1,403,863 shares of the utilities provider’s stock worth $143,345,000 after buying an additional 415,123 shares during the last quarter. Janus Capital Management LLC increased its stake in shares of DTE Energy by 44.8% in the first quarter. Janus Capital Management LLC now owns 1,165,374 shares of the utilities provider’s stock worth $118,997,000 after buying an additional 360,714 shares during the last quarter. Finally, Westwood Holdings Group Inc. purchased a new stake in shares of DTE Energy during the first quarter worth about $35,680,000. Institutional investors own 67.75% of the company’s stock.

DTE Energy Company (NYSE:DTE) opened at 109.06 on Friday. DTE Energy Company has a 52-week low of $89.66 and a 52-week high of $111.35. The company has a market capitalization of $19.56 billion, a P/E ratio of 18.78 and a beta of 0.21. The stock’s 50 day moving average is $106.93 and its 200-day moving average is $104.19.

DTE Energy (NYSE:DTE) last released its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.08. The firm had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.35 billion. DTE Energy had a net margin of 8.80% and a return on equity of 10.67%. The firm’s quarterly revenue was up 26.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.98 earnings per share. Analysts predict that DTE Energy Company will post $5.41 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, October 15th. Investors of record on Monday, September 18th will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, September 15th. This represents a $3.30 annualized dividend and a yield of 3.03%. DTE Energy’s dividend payout ratio (DPR) is 56.60%.

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A number of brokerages have issued reports on DTE. Zacks Investment Research downgraded shares of DTE Energy from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. BMO Capital Markets reaffirmed a “hold” rating and issued a $111.00 price objective on shares of DTE Energy in a research report on Friday, July 28th. BidaskClub downgraded shares of DTE Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $117.00 price objective (up from $108.50) on shares of DTE Energy in a research report on Thursday, April 27th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $115.00 price objective (up from $106.00) on shares of DTE Energy in a research report on Sunday, April 23rd. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $108.00.

In related news, SVP Bruce D. Peterson sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $110.08, for a total transaction of $550,400.00. Following the completion of the sale, the senior vice president now directly owns 29,156 shares in the company, valued at $3,209,492.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Gerardo Norcia sold 4,838 shares of the business’s stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $110.73, for a total transaction of $535,711.74. Following the sale, the chief operating officer now owns 115,930 shares of the company’s stock, valued at $12,836,928.90. The disclosure for this sale can be found here. Insiders have sold 32,263 shares of company stock valued at $3,489,815 over the last 90 days. 0.53% of the stock is currently owned by company insiders.

DTE Energy Company Profile

Want to see what other hedge funds are holding DTE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DTE Energy Company (NYSE:DTE).

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

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