Mutual of America Capital Management LLC Has $3.15 Million Stock Holdings in DTE Energy Company $DTE

Mutual of America Capital Management LLC trimmed its holdings in shares of DTE Energy Company (NYSE:DTE) by 1.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,793 shares of the utilities provider’s stock after selling 302 shares during the quarter. Mutual of America Capital Management LLC’s holdings in DTE Energy were worth $3,152,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Northern Trust Corp increased its position in DTE Energy by 0.5% during the first quarter. Northern Trust Corp now owns 1,836,832 shares of the utilities provider’s stock worth $253,979,000 after buying an additional 9,664 shares during the last quarter. Goldman Sachs Group Inc. increased its position in DTE Energy by 65.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,612,925 shares of the utilities provider’s stock worth $223,019,000 after buying an additional 637,378 shares during the last quarter. JPMorgan Chase & Co. increased its position in DTE Energy by 57.4% during the first quarter. JPMorgan Chase & Co. now owns 1,405,516 shares of the utilities provider’s stock worth $194,341,000 after buying an additional 512,567 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in DTE Energy by 0.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,316,107 shares of the utilities provider’s stock worth $181,978,000 after buying an additional 9,443 shares during the last quarter. Finally, Royal Bank of Canada increased its position in DTE Energy by 1.2% during the first quarter. Royal Bank of Canada now owns 1,173,220 shares of the utilities provider’s stock worth $162,221,000 after buying an additional 13,884 shares during the last quarter. 76.06% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP Lisa A. Muschong sold 1,600 shares of DTE Energy stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $140.53, for a total transaction of $224,848.00. Following the sale, the vice president directly owned 4,153 shares of the company’s stock, valued at $583,621.09. This trade represents a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.33% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. UBS Group increased their target price on shares of DTE Energy from $148.00 to $158.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Morgan Stanley increased their target price on shares of DTE Energy from $137.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday. Scotiabank reaffirmed a “sector perform” rating and issued a $147.00 price target on shares of DTE Energy in a research report on Friday, October 3rd. Wall Street Zen raised DTE Energy from a “sell” rating to a “hold” rating in a research report on Sunday, October 19th. Finally, JPMorgan Chase & Co. raised their price target on DTE Energy from $145.00 to $147.00 and gave the company a “neutral” rating in a research report on Tuesday, July 15th. Seven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $148.60.

DTE Energy Stock Down 0.8%

NYSE DTE opened at $141.61 on Friday. DTE Energy Company has a twelve month low of $115.59 and a twelve month high of $143.79. The stock has a market cap of $29.40 billion, a PE ratio of 20.38, a PEG ratio of 3.06 and a beta of 0.42. The firm has a 50-day simple moving average of $138.72 and a 200 day simple moving average of $136.26. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.57 and a current ratio of 0.94.

DTE Energy (NYSE:DTE) last released its earnings results on Tuesday, July 29th. The utilities provider reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.01). DTE Energy had a return on equity of 12.72% and a net margin of 10.16%.The firm had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.67 billion. On average, research analysts forecast that DTE Energy Company will post 7.18 EPS for the current year.

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.