Gateway Investment Advisers LLC raised its holdings in DTE Energy (NYSE:DTE – Get Rating) by 2.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,716 shares of the utilities provider's stock after buying an additional 185 shares during the period. Gateway Investment Advisers LLC's holdings in DTE Energy were worth $851,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of DTE. Private Advisor Group LLC raised its stake in DTE Energy by 4.2% in the fourth quarter. Private Advisor Group LLC now owns 8,034 shares of the utilities provider's stock valued at $960,000 after buying an additional 322 shares in the last quarter. Invesco Ltd. grew its holdings in shares of DTE Energy by 12.3% during the fourth quarter. Invesco Ltd. now owns 1,925,229 shares of the utilities provider's stock worth $230,142,000 after purchasing an additional 210,638 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of DTE Energy by 17.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 43,782 shares of the utilities provider's stock worth $5,233,000 after purchasing an additional 6,577 shares during the last quarter. Nissay Asset Management Corp Japan ADV grew its holdings in shares of DTE Energy by 4.9% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 20,288 shares of the utilities provider's stock worth $2,425,000 after purchasing an additional 950 shares during the last quarter. Finally, LPL Financial LLC grew its holdings in shares of DTE Energy by 5.8% during the fourth quarter. LPL Financial LLC now owns 69,907 shares of the utilities provider's stock worth $8,357,000 after purchasing an additional 3,817 shares during the last quarter. 73.80% of the stock is currently owned by institutional investors and hedge funds.
Get DTE Energy alerts:DTE Energy Price Performance
DTE stock opened at $125.66 on Friday. The firm has a 50 day moving average of $130.84 and a 200-day moving average of $129.88. DTE Energy has a 12-month low of $108.22 and a 12-month high of $140.23. The company has a current ratio of 0.59, a quick ratio of 0.47 and a debt-to-equity ratio of 1.82. The company has a market cap of $24.34 billion, a price-to-earnings ratio of 32.06, a PEG ratio of 3.50 and a beta of 0.60.
DTE Energy (NYSE:DTE – Get Rating) last issued its quarterly earnings data on Thursday, July 28th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.14). DTE Energy had a return on equity of 13.31% and a net margin of 4.27%. During the same period last year, the company earned $1.70 EPS. As a group, equities analysts expect that DTE Energy will post 6.02 EPS for the current fiscal year.Analysts Set New Price Targets
Several equities analysts have issued reports on DTE shares. Barclays dropped their price objective on DTE Energy from $141.00 to $131.00 and set an "equal weight" rating on the stock in a report on Monday, July 18th. Mizuho lowered their price target on DTE Energy from $137.00 to $130.00 and set a "buy" rating on the stock in a report on Monday, July 11th. Morgan Stanley lowered their price objective on DTE Energy from $141.00 to $139.00 and set an "overweight" rating on the stock in a report on Thursday. Finally, Credit Suisse Group lifted their price objective on DTE Energy to $140.00 in a report on Tuesday, August 9th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $132.70.
Insider Buying and Selling
In related news, COO Joi M. Harris sold 1,800 shares of DTE Energy stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $130.13, for a total transaction of $234,234.00. Following the completion of the transaction, the chief operating officer now directly owns 8,011 shares in the company, valued at approximately $1,042,471.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO Joi M. Harris sold 1,800 shares of DTE Energy stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $130.13, for a total transaction of $234,234.00. Following the completion of the transaction, the chief operating officer now directly owns 8,011 shares in the company, valued at approximately $1,042,471.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Joann Chavez sold 1,000 shares of DTE Energy stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $135.62, for a total value of $135,620.00. Following the transaction, the senior vice president now owns 9,657 shares of the company's stock, valued at $1,309,682.34. The disclosure for this sale can be found here. Insiders sold 5,700 shares of company stock worth $747,753 in the last ninety days. Insiders own 0.61% of the company's stock.
DTE Energy Company Profile
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DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.3 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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