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

Leisure Capital Management lowered its holdings in shares of DTE Energy (NYSE:DTE) by 18.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 7,993 shares of the utilities provider’s stock after selling 1,809 shares during the quarter. Leisure Capital Management’s holdings in DTE Energy were worth $881,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of DTE. MV Capital Management Inc. grew its holdings in shares of DTE Energy by 104.4% in the fourth quarter. MV Capital Management Inc. now owns 280 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 143 shares during the last quarter. Milestone Investment Advisors LLC purchased a new stake in shares of DTE Energy during the third quarter valued at about $36,000. Compagnie Lombard Odier SCmA purchased a new position in DTE Energy in the third quarter worth $37,000. Authentikos Wealth Advisory LLC purchased a new stake in shares of DTE Energy during the 3rd quarter valued at $43,000. Finally, Horizon Bancorp Inc. IN acquired a new stake in shares of DTE Energy in the 3rd quarter worth $54,000. Institutional investors own 76.06% of the company’s stock.

Insider Transactions at DTE Energy

In related news, COO Matthew T. Paul sold 5,850 shares of the 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CAO Tracy J. Myrick sold 600 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $107.04, for a total transaction of $64,224.00. Following the completion of the sale, the chief accounting officer now owns 3,462 shares in the company, valued at approximately $370,572.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Matthew T. Paul sold 5,850 shares of DTE Energy stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $106.92, for a total transaction of $625,482.00. Following the sale, the chief operating officer now directly owns 6,951 shares in the company, valued at approximately $743,200.92. 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 ninety days. Insiders own 0.61% of the company’s stock.

DTE Energy Price Performance

Shares of NYSE DTE traded down $1.62 during midday trading on Friday, hitting $109.52. The stock had a trading volume of 1,247,739 shares, compared to its average volume of 1,158,886. The company has a quick ratio of 0.42, a current ratio of 0.60 and a debt-to-equity ratio of 1.58. DTE Energy has a 1 year low of $90.14 and a 1 year high of $116.73. The company has a market capitalization of $22.66 billion, a PE ratio of 17.92, a P/E/G ratio of 2.77 and a beta of 0.64. The stock has a 50 day simple moving average of $109.15 and a 200-day simple moving average of $106.15.

DTE Energy (NYSE:DTE) last announced its earnings results on Thursday, April 25th. The utilities provider reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.04). The business had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.81 billion. DTE Energy had a return on equity of 11.63% and a net margin of 10.36%. On average, sell-side analysts expect that DTE Energy will post 6.69 EPS for the current fiscal year.

DTE Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DTE. Scotiabank dropped their target price on shares of DTE Energy from $129.00 to $120.00 and set a “sector outperform” rating on the stock in a research report on Monday, April 22nd. Morgan Stanley lifted their price objective on shares of DTE Energy from $108.00 to $109.00 and gave the company an “overweight” rating in a research note on Thursday, March 21st. BMO Capital Markets upped their price target on shares of DTE Energy from $111.00 to $113.00 and gave the company a “market perform” rating in a report on Wednesday, April 17th. JPMorgan Chase & Co. boosted their price objective on DTE Energy from $118.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. Finally, TheStreet upgraded DTE Energy from a “c+” rating to a “b-” rating in a research report on Friday, March 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $115.10.

About DTE Energy

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.