DTE Energy Company (DTE) Stake Held by LBA Wealth Management LLC

LBA Wealth Management LLC maintained its position in DTE Energy Company (NYSE:DTE) during the fourth quarter, Holdings Channel reports. The institutional investor owned 4,930 shares of the company’s stock at the end of the fourth quarter. LBA Wealth Management LLC’s holdings in DTE Energy Company were worth $486,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. FTB Advisors Inc. boosted its stake in shares of DTE Energy Company by 6.0% in the third quarter. FTB Advisors Inc. now owns 52,831 shares of the company’s stock valued at $4,938,000 after buying an additional 2,999 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of DTE Energy Company by 2.9% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 27,987 shares of the company’s stock valued at $2,622,000 after buying an additional 797 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of DTE Energy Company by 10.3% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 33,140 shares of the company’s stock valued at $3,104,000 after buying an additional 3,100 shares in the last quarter. Comerica Bank boosted its stake in shares of DTE Energy Company by 0.9% in the second quarter. Comerica Bank now owns 93,036 shares of the company’s stock valued at $8,867,000 after buying an additional 795 shares in the last quarter. Finally, Shell Asset Management Co. boosted its stake in shares of DTE Energy Company by 3.5% in the third quarter. Shell Asset Management Co. now owns 39,051 shares of the company’s stock valued at $3,658,000 after buying an additional 1,305 shares in the last quarter. 66.85% of the stock is currently owned by institutional investors.

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

Shares of DTE Energy Company (NYSE:DTE) traded up 0.14% during trading on Tuesday, hitting $98.21. 1,369,634 shares of the stock were exchanged. The stock has a market cap of $17.62 billion, a PE ratio of 20.33 and a beta of 0.20. DTE Energy Company has a one year low of $81.75 and a one year high of $100.45. The stock’s 50 day moving average price is $98.24 and its 200 day moving average price is $95.31.

DTE Energy Company (NYSE:DTE) last issued its quarterly earnings data on Thursday, February 9th. The company reported $0.81 EPS for the quarter, missing the Zacks’ consensus estimate of $0.86 by $0.05. The company had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.92 billion. DTE Energy Company had a net margin of 8.17% and a return on equity of 10.44%. The business’s revenue was up 15.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.01 EPS. Equities research analysts predict that DTE Energy Company will post $5.33 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, April 15th. Stockholders of record on Monday, March 20th will be issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date is Thursday, March 16th. DTE Energy Company’s dividend payout ratio is 68.46%.

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DTE has been the topic of a number of recent research reports. Jefferies Group LLC set a $103.00 target price on shares of DTE Energy Company and gave the stock a “buy” rating in a research note on Tuesday, November 22nd. Credit Suisse Group initiated coverage on shares of DTE Energy Company in a research note on Wednesday, January 25th. They set a “neutral” rating and a $102.00 target price on the stock. Zacks Investment Research lowered shares of DTE Energy Company from a “buy” rating to a “hold” rating in a research note on Tuesday, January 24th. Bank of America Corporation upgraded shares of DTE Energy Company from a “neutral” rating to a “buy” rating and set a $99.00 target price on the stock in a research note on Tuesday, November 22nd. Finally, Barclays PLC upped their target price on shares of DTE Energy Company from $101.00 to $106.00 and gave the stock an “overweight” rating in a research note on Friday, January 20th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $103.00.

In related news, Chairman Gerard M. Anderson sold 15,000 shares of the stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $93.74, for a total transaction of $1,406,100.00. Following the completion of the sale, the chairman now owns 90,000 shares in the company, valued at approximately $8,436,600. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Lisa A. Muschong sold 520 shares of the stock in a transaction that occurred on Thursday, December 8th. The shares were sold at an average price of $95.95, for a total value of $49,894.00. Following the sale, the vice president now owns 2,466 shares of the company’s stock, valued at approximately $236,612.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,520 shares of company stock worth $2,410,294. 0.93% of the stock is currently owned by insiders.

About DTE Energy Company

DTE Energy Company (DTE Energy) is a diversified energy company. The Company’s utility operations consist primarily of DTE Electric Company (DTE Electric) and DTE Gas Company (DTE Gas). Its segments include Electric, Gas, Gas Storage and Pipelines, Power and Industrial Projects, Energy Trading, and Corporate and Other.

5 Day Chart for NYSE:DTE

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