Executive Wealth Management LLC Purchases 2,784 Shares of DTE Energy Co (NYSE:DTE)

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Executive Wealth Management LLC lifted its position in DTE Energy Co (NYSE:DTE) by 7.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 37,984 shares of the utilities provider’s stock after purchasing an additional 2,784 shares during the quarter. DTE Energy accounts for approximately 0.7% of Executive Wealth Management LLC’s holdings, making the stock its 28th biggest holding. Executive Wealth Management LLC’s holdings in DTE Energy were worth $4,857,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kistler Tiffany Companies LLC acquired a new position in DTE Energy during the 2nd quarter valued at about $26,000. Weaver Consulting Group acquired a new position in DTE Energy during the 1st quarter valued at about $29,000. WP Advisors LLC acquired a new position in DTE Energy during the 1st quarter valued at about $32,000. Atlas Capital Advisors LLC acquired a new position in DTE Energy during the 1st quarter valued at about $33,000. Finally, Mcmillion Capital Management Inc. acquired a new position in DTE Energy during the 2nd quarter valued at about $34,000. 70.32% of the stock is currently owned by institutional investors and hedge funds.

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

A number of research analysts have issued reports on the stock. KeyCorp assumed coverage on shares of DTE Energy in a research report on Tuesday, June 4th. They set an “overweight” rating and a $136.00 target price on the stock. Zacks Investment Research upgraded shares of DTE Energy from a “hold” rating to a “buy” rating and set a $137.00 target price on the stock in a research report on Tuesday, April 23rd. Mizuho assumed coverage on shares of DTE Energy in a research report on Monday. They set a “neutral” rating and a $131.00 target price on the stock. Bank of America cut their target price on shares of DTE Energy from $124.00 to $122.00 and set an “underperform” rating on the stock in a research report on Monday, June 3rd. Finally, ValuEngine cut DTE Energy from a “buy” rating to a “hold” rating in a research note on Saturday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $126.36.

Shares of DTE opened at $128.23 on Wednesday. The company has a market cap of $23.71 billion, a PE ratio of 20.35, a P/E/G ratio of 3.47 and a beta of 0.24. DTE Energy Co has a twelve month low of $106.41 and a twelve month high of $132.09. The business’s 50 day simple moving average is $129.22. The company has a quick ratio of 0.54, a current ratio of 0.75 and a debt-to-equity ratio of 1.29.

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

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.945 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.78 annualized dividend and a dividend yield of 2.95%. DTE Energy’s dividend payout ratio is currently 60.00%.

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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