DTE Energy Company $DTE Stock Holdings Lessened by Leeward Investments LLC MA

Leeward Investments LLC MA lowered its stake in shares of DTE Energy Company (NYSE:DTE) by 36.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,282 shares of the utilities provider’s stock after selling 30,449 shares during the period. Leeward Investments LLC MA’s holdings in DTE Energy were worth $6,490,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund grew its stake in shares of DTE Energy by 0.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 23,807 shares of the utilities provider’s stock valued at $3,481,000 after buying an additional 71 shares in the last quarter. Whittier Trust Co. increased its holdings in DTE Energy by 3.5% during the first quarter. Whittier Trust Co. now owns 2,220 shares of the utilities provider’s stock worth $328,000 after buying an additional 75 shares during the last quarter. Prosperity Consulting Group LLC raised its position in DTE Energy by 1.2% during the first quarter. Prosperity Consulting Group LLC now owns 6,342 shares of the utilities provider’s stock worth $927,000 after acquiring an additional 76 shares in the last quarter. Versant Capital Management Inc raised its position in DTE Energy by 5.7% during the second quarter. Versant Capital Management Inc now owns 1,756 shares of the utilities provider’s stock worth $268,000 after acquiring an additional 94 shares in the last quarter. Finally, Root Financial Partners LLC raised its position in DTE Energy by 57.9% during the first quarter. Root Financial Partners LLC now owns 281 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 103 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

Insider Transactions at DTE Energy

In other DTE Energy news, Vice Chairman Trevor Lauer sold 5,000 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $135.71, for a total transaction of $678,550.00. Following the transaction, the insider owned 73,122 shares in the company, valued at $9,923,386.62. This represents a 6.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.60% of the stock is owned by corporate insiders.

DTE Energy Price Performance

Shares of NYSE DTE opened at $131.79 on Tuesday. The firm has a market cap of $27.42 billion, a P/E ratio of 18.40, a price-to-earnings-growth ratio of 2.71 and a beta of 0.36. The business’s 50 day moving average is $130.90 and its 200-day moving average is $140.73. The company has a current ratio of 0.80, a quick ratio of 0.53 and a debt-to-equity ratio of 2.13. DTE Energy Company has a 1-year low of $119.68 and a 1-year high of $155.74.

DTE Energy (NYSE:DTE) last posted its earnings results on Tuesday, July 28th. The utilities provider reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.18. DTE Energy had a return on equity of 12.19% and a net margin of 8.00%. The company had revenue of $6.74 billion during the quarter, compared to the consensus estimate of $3.36 billion. During the same quarter last year, the firm earned $1.36 earnings per share. Equities research analysts predict that DTE Energy Company will post 7.70 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on DTE shares. JPMorgan Chase & Co. increased their price target on shares of DTE Energy from $155.00 to $162.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Mizuho dropped their target price on shares of DTE Energy from $152.00 to $136.00 and set an “outperform” rating on the stock in a report on Monday, September 28th. TD Cowen started coverage on shares of DTE Energy in a report on Tuesday, July 7th. They issued a “hold” rating and a $166.00 target price on the stock. Barclays cut their target price on shares of DTE Energy from $154.00 to $135.00 and set an “equal weight” rating for the company in a research note on Friday, October 16th. Finally, Weiss Ratings cut DTE Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, DTE Energy presently has a consensus rating of “Moderate Buy” and an average price target of $149.07.

DTE Energy Profile

DTE Energy Co is a Detroit-based energy holding company that operates through regulated utility businesses and other energy-related activities. Its principal subsidiaries are DTE Electric and DTE Gas, which provide electricity and natural gas to residential, commercial and industrial customers across southeastern Michigan.

DTE Electric generates, transmits and distributes electricity, while DTE Gas transports and distributes natural gas through an extensive pipeline network. The company is also involved in renewable energy, energy services, natural gas storage and pipeline operations, and other nonutility activities designed to support the broader energy system.

DTE Energy traces its roots to the Detroit Edison Company, which was established in 1903 to serve the Detroit area.