Johnson Investment Counsel Inc. Sells 1,261 Shares of DTE Energy (NYSE:DTE)

Johnson Investment Counsel Inc. lessened its holdings in shares of DTE Energy (NYSE:DTE) by 11.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,399 shares of the utilities provider’s stock after selling 1,261 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in DTE Energy were worth $1,034,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DTE. Boston Partners lifted its position in shares of DTE Energy by 0.7% in the 2nd quarter. Boston Partners now owns 1,522,278 shares of the utilities provider’s stock worth $167,472,000 after purchasing an additional 10,008 shares during the period. Quadrant Capital Group LLC raised its stake in DTE Energy by 10.8% in the second quarter. Quadrant Capital Group LLC now owns 2,462 shares of the utilities provider’s stock worth $271,000 after buying an additional 239 shares in the last quarter. US Bancorp DE lifted its holdings in DTE Energy by 2.3% in the second quarter. US Bancorp DE now owns 28,405 shares of the utilities provider’s stock worth $3,125,000 after buying an additional 642 shares during the period. Beck Bode LLC bought a new stake in DTE Energy during the 2nd quarter valued at approximately $914,000. Finally, Private Advisor Group LLC grew its holdings in shares of DTE Energy by 26.8% during the 2nd quarter. Private Advisor Group LLC now owns 10,822 shares of the utilities provider’s stock worth $1,199,000 after acquiring an additional 2,288 shares during the period. Hedge funds and other institutional investors own 74.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. StockNews.com lowered DTE Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Barclays initiated coverage on shares of DTE Energy in a research note on Wednesday, August 23rd. They set an “overweight” rating and a $117.00 price objective on the stock. BMO Capital Markets decreased their target price on shares of DTE Energy from $109.00 to $107.00 and set a “market perform” rating for the company in a research note on Friday, November 3rd. Morgan Stanley dropped their price target on DTE Energy from $118.00 to $111.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 25th. Finally, Mizuho reduced their price objective on DTE Energy from $121.00 to $106.00 and set a “buy” rating for the company in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $80.21.

DTE Energy Trading Up 0.3 %

DTE Energy stock opened at $103.60 on Monday. The firm’s 50 day moving average price is $99.88 and its 200-day moving average price is $106.13. DTE Energy has a 1 year low of $90.14 and a 1 year high of $122.40. The stock has a market cap of $21.37 billion, a P/E ratio of 17.12, a PEG ratio of 2.95 and a beta of 0.64. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.85 and a quick ratio of 0.57.

DTE Energy (NYSE:DTE) last released its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($0.23). The company had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $3.96 billion. DTE Energy had a net margin of 8.99% and a return on equity of 9.85%. During the same quarter in the previous year, the company posted $1.60 EPS. On average, equities analysts predict that DTE Energy will post 5.77 earnings per share for the current fiscal year.

About DTE Energy

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 solar assets.