DTE Energy Company $DTE Shares Sold by Lido Advisors LLC

Lido Advisors LLC reduced its position in shares of DTE Energy Company (NYSE:DTE) by 56.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,466 shares of the utilities provider’s stock after selling 25,381 shares during the period. Lido Advisors LLC’s holdings in DTE Energy were worth $2,371,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Keybank National Association OH lifted its position in shares of DTE Energy by 34.7% in the 3rd quarter. Keybank National Association OH now owns 6,332 shares of the utilities provider’s stock worth $771,000 after buying an additional 1,631 shares during the last quarter. StoneRidge PMG Advisors LLC acquired a new position in shares of DTE Energy in the 3rd quarter valued at about $278,000. Almanack Investment Partners LLC. grew its position in shares of DTE Energy by 5.0% during the 3rd quarter. Almanack Investment Partners LLC. now owns 2,452 shares of the utilities provider’s stock valued at $299,000 after buying an additional 117 shares during the last quarter. StoneX Group Inc. bought a new stake in shares of DTE Energy during the 3rd quarter valued at about $677,000. Finally, Alps Advisors Inc. grew its position in shares of DTE Energy by 7.7% during the 3rd quarter. Alps Advisors Inc. now owns 23,338 shares of the utilities provider’s stock valued at $2,843,000 after buying an additional 1,665 shares during the last quarter. 76.06% of the stock is currently owned by institutional investors.

Insider Activity at DTE Energy

In other news, Vice Chairman Trevor Lauer sold 5,000 shares of DTE Energy stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $135.71, for a total transaction of $678,550.00. Following the sale, the insider owned 73,122 shares of the company’s stock, valued at approximately $9,923,386.62. The trade was a 6.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.60% of the company’s stock.

DTE Energy Stock Performance

Shares of DTE Energy stock traded up $0.49 during trading on Friday, hitting $139.69. 1,064,745 shares of the stock were exchanged, compared to its average volume of 1,450,221. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.40 and a current ratio of 0.62. DTE Energy Company has a 12 month low of $119.68 and a 12 month high of $155.74. The stock’s fifty day moving average is $130.47 and its 200 day moving average is $140.93. The stock has a market cap of $29.08 billion, a PE ratio of 21.29, a P/E/G ratio of 2.86 and a beta of 0.35.

DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Thursday, November 5th. The utilities provider reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.13 by $0.17. The firm had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.61 billion. DTE Energy had a net margin of 8.21% and a return on equity of 12.17%. During the same period last year, the firm posted $2.01 EPS. As a group, sell-side analysts anticipate that DTE Energy Company will post 7.70 EPS for the current year.

DTE Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Monday, December 21st will be paid a $1.2450 dividend. The ex-dividend date is Monday, December 21st. This is an increase from DTE Energy’s previous quarterly dividend of $1.1650. This represents a $4.98 annualized dividend and a dividend yield of 3.6%. DTE Energy’s dividend payout ratio (DPR) is 71.04%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Truist Financial set a $139.00 target price on shares of DTE Energy in a report on Friday, October 16th. HSBC began coverage on DTE Energy in a research note on Thursday, October 22nd. They issued a “hold” rating and a $135.00 target price for the company. BMO Capital Markets upped their target price on DTE Energy from $134.00 to $139.00 and gave the company a “market perform” rating in a report on Friday, October 16th. Barclays dropped their price target on DTE Energy from $154.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Friday, October 16th. Finally, Wall Street Zen downgraded DTE Energy from a “hold” rating to a “sell” rating in a report on Monday, October 19th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $148.58.

DTE Energy Profile

DTE Energy is a Detroit-based energy company whose core businesses are regulated electric and natural gas utilities in Michigan. Through DTE Electric, it generates, transmits and distributes electricity, while DTE Gas provides natural gas service to customers across the state. The company also operates non-utility businesses, including energy marketing and trading and industrial energy services. These businesses develop energy solutions such as recovering energy from industrial processes and waste, alongside the company’s investments in renewable energy generation.