Great Lakes Retirement Inc. Has $1.16 Million Position in DTE Energy (NYSE:DTE)

Great Lakes Retirement Inc. lessened its position in DTE Energy (NYSE:DTE) by 1.0% during the third quarter, Holdings Channel reports. The institutional investor owned 9,067 shares of the utilities provider’s stock after selling 92 shares during the quarter. Great Lakes Retirement Inc.’s holdings in DTE Energy were worth $1,164,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Janus Henderson Group PLC grew its holdings in shares of DTE Energy by 6,964.9% in the 1st quarter. Janus Henderson Group PLC now owns 2,090,350 shares of the utilities provider’s stock valued at $234,410,000 after acquiring an additional 2,060,762 shares in the last quarter. Clearbridge Investments LLC boosted its position in DTE Energy by 224.7% during the first quarter. Clearbridge Investments LLC now owns 2,538,106 shares of the utilities provider’s stock valued at $284,623,000 after purchasing an additional 1,756,459 shares during the last quarter. Capital Research Global Investors grew its stake in DTE Energy by 1.2% in the first quarter. Capital Research Global Investors now owns 21,194,653 shares of the utilities provider’s stock valued at $2,376,768,000 after purchasing an additional 261,623 shares in the last quarter. Millennium Management LLC increased its position in shares of DTE Energy by 42.4% during the 2nd quarter. Millennium Management LLC now owns 543,299 shares of the utilities provider’s stock worth $60,312,000 after purchasing an additional 161,776 shares during the last quarter. Finally, Panagora Asset Management Inc. increased its position in shares of DTE Energy by 133.2% during the 2nd quarter. Panagora Asset Management Inc. now owns 248,151 shares of the utilities provider’s stock worth $27,547,000 after purchasing an additional 141,718 shares during the last quarter. Institutional investors own 76.06% of the company’s stock.

DTE Energy Trading Down 0.2 %

Shares of DTE Energy stock opened at $129.74 on Friday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.52 and a current ratio of 0.69. The firm has a 50-day moving average of $125.52 and a 200-day moving average of $117.67. DTE Energy has a 52-week low of $92.58 and a 52-week high of $131.66. The stock has a market cap of $26.85 billion, a PE ratio of 21.23, a PEG ratio of 2.29 and a beta of 0.67.

DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Thursday, July 25th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.22. DTE Energy had a net margin of 11.18% and a return on equity of 12.18%. The firm had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the previous year, the firm posted $0.99 EPS. As a group, sell-side analysts forecast that DTE Energy will post 6.7 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. LADENBURG THALM/SH SH began coverage on DTE Energy in a report on Wednesday, August 14th. They issued a “buy” rating and a $131.00 price objective for the company. KeyCorp lifted their price objective on shares of DTE Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a research report on Tuesday. Mizuho upped their target price on shares of DTE Energy from $121.00 to $133.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Morgan Stanley raised their target price on shares of DTE Energy from $121.00 to $128.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Finally, Bank of America boosted their price target on DTE Energy from $131.00 to $136.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, DTE Energy presently has an average rating of “Moderate Buy” and a consensus price target of $130.54.

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.