International Assets Investment Management LLC Has $1.04 Million Stock Holdings in DTE Energy Company $DTE

International Assets Investment Management LLC trimmed its holdings in shares of DTE Energy Company (NYSE:DTE) by 2.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,874 shares of the utilities provider’s stock after selling 235 shares during the period. International Assets Investment Management LLC’s holdings in DTE Energy were worth $1,043,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of DTE. Cloud Capital Management LLC acquired a new position in shares of DTE Energy during the 1st quarter worth about $25,000. Quintet Private Bank Europe S.A. acquired a new position in shares of DTE Energy during the 2nd quarter worth about $25,000. Olde Wealth Management LLC acquired a new position in shares of DTE Energy during the 1st quarter worth about $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of DTE Energy during the 1st quarter worth about $28,000. Finally, SouthState Corp acquired a new position in shares of DTE Energy during the 1st quarter worth about $29,000. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other DTE Energy news, VP Lisa A. Muschong sold 1,600 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $140.53, for a total transaction of $224,848.00. Following the transaction, the vice president owned 4,153 shares in the company, valued at $583,621.09. This represents a 27.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.33% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DTE. Barclays upped their target price on shares of DTE Energy from $138.00 to $148.00 and gave the company an “equal weight” rating in a report on Tuesday, October 14th. Morgan Stanley dropped their target price on shares of DTE Energy from $140.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Scotiabank reaffirmed a “sector perform” rating and issued a $147.00 target price on shares of DTE Energy in a report on Friday, October 3rd. UBS Group upped 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. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of DTE Energy in a report on Wednesday, October 8th. Seven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $146.08.

DTE Energy Stock Up 0.3%

DTE Energy stock opened at $141.99 on Monday. The stock has a market cap of $29.48 billion, a P/E ratio of 20.43, a P/E/G ratio of 3.04 and a beta of 0.42. The company has a quick ratio of 0.57, a current ratio of 0.94 and a debt-to-equity ratio of 1.96. 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 price is $138.55 and its two-hundred day moving average price is $136.00.

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

About DTE Energy

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.