Sentry Investment Management LLC Has $93,000 Stock Holdings in DTE Energy (NYSE:DTE)

Sentry Investment Management LLC trimmed its stake in DTE Energy (NYSE:DTE) by 14.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 774 shares of the utilities provider’s stock after selling 126 shares during the quarter. Sentry Investment Management LLC’s holdings in DTE Energy were worth $93,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new stake in DTE Energy in the third quarter worth $30,000. Prospera Private Wealth LLC acquired a new stake in DTE Energy in the third quarter worth $35,000. Ashton Thomas Securities LLC acquired a new position in shares of DTE Energy during the third quarter valued at about $35,000. Versant Capital Management Inc grew its holdings in shares of DTE Energy by 890.0% during the fourth quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock valued at $36,000 after buying an additional 267 shares during the last quarter. Finally, Coastline Trust Co acquired a new position in shares of DTE Energy during the third quarter valued at about $39,000. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other DTE Energy news, COO Matthew T. Paul sold 3,801 shares of DTE Energy stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $129.56, for a total value of $492,457.56. Following the sale, the chief operating officer now owns 6,951 shares of the company’s stock, valued at approximately $900,571.56. The trade was a 35.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Tracy J. Myrick sold 1,014 shares of DTE Energy stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $129.92, for a total transaction of $131,738.88. Following the completion of the sale, the chief accounting officer now directly owns 3,437 shares in the company, valued at approximately $446,535.04. This represents a 22.78 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,877 shares of company stock valued at $1,559,205. Company insiders own 0.61% of the company’s stock.

DTE Energy Stock Down 0.6 %

DTE opened at $132.63 on Thursday. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.71 and a quick ratio of 0.46. The company’s 50-day moving average is $122.92 and its 200 day moving average is $123.65. DTE Energy has a fifty-two week low of $103.06 and a fifty-two week high of $133.49. The firm has a market capitalization of $27.49 billion, a P/E ratio of 19.59, a PEG ratio of 2.41 and a beta of 0.68.

DTE Energy (NYSE:DTE) last announced its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.51 EPS for the quarter, topping the consensus estimate of $1.50 by $0.01. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. Research analysts expect that DTE Energy will post 7.18 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be given a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 3.29%. The ex-dividend date is Monday, March 17th. DTE Energy’s dividend payout ratio is 64.40%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DTE. StockNews.com upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a report on Friday, February 21st. UBS Group upgraded shares of DTE Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $129.00 to $143.00 in a report on Tuesday, December 3rd. Guggenheim upgraded shares of DTE Energy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. KeyCorp cut shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Finally, Barclays cut shares of DTE Energy from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $137.00 to $135.00 in a report on Thursday, February 20th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, DTE Energy presently has a consensus rating of “Moderate Buy” and an average price target of $135.67.

DTE Energy Company Profile

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.