Ethic Inc. Increases Holdings in DTE Energy Company $DTE

Ethic Inc. increased its stake in shares of DTE Energy Company (NYSE:DTE) by 14.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,206 shares of the utilities provider’s stock after buying an additional 1,186 shares during the quarter. Ethic Inc.’s holdings in DTE Energy were worth $1,212,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in DTE. Graypoint LLC increased its stake in DTE Energy by 3.8% during the first quarter. Graypoint LLC now owns 2,021 shares of the utilities provider’s stock worth $279,000 after acquiring an additional 74 shares during the last quarter. OneDigital Investment Advisors LLC increased its stake in DTE Energy by 2.0% during the first quarter. OneDigital Investment Advisors LLC now owns 3,918 shares of the utilities provider’s stock worth $542,000 after acquiring an additional 78 shares during the last quarter. Stephens Inc. AR increased its stake in DTE Energy by 1.8% during the first quarter. Stephens Inc. AR now owns 4,555 shares of the utilities provider’s stock worth $630,000 after acquiring an additional 81 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in DTE Energy by 1.2% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 6,721 shares of the utilities provider’s stock worth $929,000 after acquiring an additional 82 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in DTE Energy by 0.4% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 24,145 shares of the utilities provider’s stock worth $3,339,000 after acquiring an additional 89 shares during the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

Wall Street Analysts Forecast Growth

DTE has been the subject of several recent analyst reports. Barclays raised their target price on DTE Energy from $138.00 to $148.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 14th. BMO Capital Markets raised their target price on DTE Energy from $140.00 to $144.00 and gave the stock a “market perform” rating in a research note on Monday, August 25th. Scotiabank reissued a “sector perform” rating and set a $147.00 target price on shares of DTE Energy in a research note on Friday, October 3rd. Morgan Stanley lifted their price objective on DTE Energy from $137.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Wall Street Zen raised DTE Energy from a “sell” rating to a “hold” rating in a research note on Sunday, October 19th. Seven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $148.60.

Insider Transactions at DTE Energy

In related news, VP Lisa A. Muschong sold 1,600 shares of DTE Energy 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 directly owned 4,153 shares in the company, valued at approximately $583,621.09. This trade represents a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.33% of the company’s stock.

DTE Energy Trading Up 0.2%

Shares of NYSE DTE opened at $141.77 on Monday. DTE Energy Company has a twelve month low of $115.59 and a twelve month high of $143.79. 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 stock has a fifty day simple moving average of $138.78 and a 200-day simple moving average of $136.47. The stock has a market capitalization of $29.43 billion, a PE ratio of 20.40, a PEG ratio of 3.04 and a beta of 0.42.

DTE Energy (NYSE:DTE) last issued its quarterly earnings data 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 net margin of 10.16% and a return on equity of 12.72%. On average, equities analysts forecast that DTE Energy Company will post 7.18 earnings per share for the current year.

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.