DTE Energy Company $DTE Shares Sold by Applied Finance Capital Management LLC

Applied Finance Capital Management LLC lessened its stake in DTE Energy Company (NYSE:DTE) by 3.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 88,133 shares of the utilities provider’s stock after selling 3,463 shares during the period. Applied Finance Capital Management LLC’s holdings in DTE Energy were worth $11,674,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northern Trust Corp increased its holdings in shares of DTE Energy by 0.5% in the first quarter. Northern Trust Corp now owns 1,836,832 shares of the utilities provider’s stock valued at $253,979,000 after purchasing an additional 9,664 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of 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 purchasing an additional 637,378 shares during the period. JPMorgan Chase & Co. grew its position in DTE Energy by 57.4% in the 1st quarter. JPMorgan Chase & Co. now owns 1,405,516 shares of the utilities provider’s stock valued at $194,341,000 after buying an additional 512,567 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in DTE Energy by 0.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,316,107 shares of the utilities provider’s stock valued at $181,978,000 after buying an additional 9,443 shares during the period. Finally, Royal Bank of Canada increased its stake in DTE Energy by 1.2% in the 1st quarter. Royal Bank of Canada now owns 1,173,220 shares of the utilities provider’s stock valued at $162,221,000 after buying an additional 13,884 shares during the period. 76.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DTE has been the topic of several analyst reports. UBS Group lifted their target price on shares of DTE Energy from $148.00 to $158.00 and gave the company a “buy” rating in a report on Friday, October 10th. Barclays lifted their price objective on DTE Energy from $138.00 to $148.00 and gave the company an “equal weight” rating in a report on Tuesday. Wall Street Zen downgraded DTE Energy from a “hold” rating to a “sell” rating in a research note on Saturday, October 11th. 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 report on Tuesday, July 15th. Finally, Scotiabank restated a “sector perform” rating and issued a $147.00 price target on shares of DTE Energy in a research note on Friday, October 3rd. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, DTE Energy currently has a consensus rating of “Moderate Buy” and an average target price of $146.08.

Insider Buying and Selling at DTE Energy

In other news, VP Lisa A. Muschong sold 1,600 shares of the firm’s stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $140.53, for a total value of $224,848.00. Following the completion of the transaction, the vice president owned 4,153 shares in the company, valued at $583,621.09. This trade represents a 27.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.33% of the stock is currently owned by corporate insiders.

DTE Energy Price Performance

DTE stock opened at $141.44 on Friday. The firm has a 50 day moving average of $138.52 and a 200-day moving average of $136.01. The company has a market cap of $29.36 billion, a price-to-earnings ratio of 20.35, a PEG ratio of 3.05 and a beta of 0.42. The company has a current ratio of 0.94, a quick ratio of 0.57 and a debt-to-equity ratio of 1.96. DTE Energy Company has a 12-month low of $115.59 and a 12-month high of $143.79.

DTE Energy (NYSE:DTE) last released its quarterly 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). The firm had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.67 billion. DTE Energy had a return on equity of 12.72% and a net margin of 10.16%. As a group, equities analysts expect that DTE Energy Company will post 7.18 EPS for the current fiscal year.

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.