Leeward Investments LLC MA Has $11.55 Million Stock Holdings in DTE Energy Company $DTE

Leeward Investments LLC MA cut its stake in DTE Energy Company (NYSE:DTE) by 8.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 87,172 shares of the utilities provider’s stock after selling 7,598 shares during the quarter. Leeward Investments LLC MA’s holdings in DTE Energy were worth $11,547,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Cloud Capital Management LLC acquired a new position in shares of DTE Energy in the first quarter worth $25,000. Quintet Private Bank Europe S.A. acquired a new position in DTE Energy during the second quarter worth $25,000. Olde Wealth Management LLC acquired a new position in DTE Energy during the first quarter worth $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in DTE Energy during the first quarter worth $28,000. Finally, SouthState Corp acquired a new position in DTE Energy during the first quarter worth $29,000. 76.06% of the stock is owned by institutional investors and hedge funds.

DTE Energy Stock Up 0.2%

DTE stock opened at $141.77 on Friday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.94 and a quick ratio of 0.57. DTE Energy Company has a 52-week low of $115.59 and a 52-week high of $143.79. The company has a 50-day moving average of $138.78 and a two-hundred day moving average of $136.42. The stock has a market capitalization of $29.43 billion, a price-to-earnings ratio of 20.40, a price-to-earnings-growth ratio of 3.04 and a beta of 0.42.

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

Insider Buying and Selling at DTE Energy

In related news, VP Lisa A. Muschong sold 1,600 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $140.53, for a total value of $224,848.00. Following the completion of the sale, the vice president owned 4,153 shares in the company, valued at approximately $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 accessible through this hyperlink. Insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on DTE. 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. Weiss Ratings reissued a “buy (b-)” rating on shares of DTE Energy in a research report on Friday. 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 reissued a “sector perform” rating and set a $147.00 target price on shares of DTE Energy in a research report on Friday, October 3rd. Finally, Barclays increased their target price on shares of DTE Energy from $138.00 to $148.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 14th. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.60.

DTE Energy 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.