Securian Asset Management Inc. Sells 132 Shares of DTE Energy Company $DTE

Securian Asset Management Inc. cut its position in DTE Energy Company (NYSE:DTE) by 1.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,798 shares of the utilities provider’s stock after selling 132 shares during the quarter. Securian Asset Management Inc.’s holdings in DTE Energy were worth $1,430,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Cloud Capital Management LLC acquired a new position in shares of DTE Energy during the first quarter valued at about $25,000. Quintet Private Bank Europe S.A. acquired a new position in shares of DTE Energy during the second quarter valued at about $25,000. Olde Wealth Management LLC acquired a new position in shares of DTE Energy during the first quarter valued at about $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of DTE Energy during the first quarter valued at about $28,000. Finally, SouthState Corp acquired a new position in shares of DTE Energy during the first quarter valued at about $29,000. 76.06% of the stock is currently owned by institutional investors.

DTE Energy Price Performance

Shares of NYSE:DTE opened at $142.63 on Thursday. DTE Energy Company has a twelve month low of $115.59 and a twelve month high of $143.79. The company’s 50 day moving average is $138.69 and its 200 day moving average is $136.16. The company has a current ratio of 0.94, a quick ratio of 0.57 and a debt-to-equity ratio of 1.96. The company has a market cap of $29.61 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 3.05 and a beta of 0.42.

DTE Energy (NYSE:DTE) last released its quarterly earnings data on Tuesday, July 29th. The utilities provider reported $1.36 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.01). DTE Energy had a return on equity of 12.72% and a net margin of 10.16%.The company had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.67 billion. On average, sell-side analysts forecast that DTE Energy Company will post 7.18 EPS for the current year.

Insider Buying and Selling

In other DTE Energy news, VP Lisa A. Muschong sold 1,600 shares of the company’s stock in a transaction that occurred 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 sale, the vice president owned 4,153 shares in the company, valued at approximately $583,621.09. This represents a 27.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.