GW Henssler & Associates Ltd. purchased a new stake in DTE Energy Co. (NYSE:DTE) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 4,300 shares of the company’s stock, valued at approximately $426,000.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of Montreal Can acquired a new position in DTE Energy during the second quarter valued at $30,302,000. Legal & General Group Plc boosted its stake in DTE Energy by 0.7% in the first quarter. Legal & General Group Plc now owns 923,490 shares of the company’s stock worth $83,723,000 after buying an additional 6,794 shares during the period. Geode Capital Management LLC boosted its stake in DTE Energy by 2.0% in the first quarter. Geode Capital Management LLC now owns 1,472,427 shares of the company’s stock worth $133,224,000 after buying an additional 28,200 shares during the period. Adams Diversified Equity Fund Inc. purchased a new stake in DTE Energy during the second quarter worth approximately $12,033,000. Finally, AXA boosted its stake in DTE Energy by 26.9% in the first quarter. AXA now owns 166,500 shares of the company’s stock worth $15,095,000 after buying an additional 35,300 shares during the period. Hedge funds and other institutional investors own 65.25% of the company’s stock.
Shares of DTE Energy Co. (NYSE:DTE) traded up 0.42% during mid-day trading on Monday, reaching $92.39. The company’s stock had a trading volume of 1,252,096 shares. The firm has a market cap of $16.58 billion, a P/E ratio of 22.31 and a beta of 0.25. DTE Energy Co. has a 12-month low of $77.35 and a 12-month high of $100.45. The firm’s 50-day moving average price is $93.26 and its 200 day moving average price is $93.16.
DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.09. The firm earned $2.26 billion during the quarter, compared to analysts’ expectations of $2.36 billion. DTE Energy had a return on equity of 10.00% and a net margin of 7.51%. The business’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter last year, the firm earned $0.76 EPS. On average, analysts expect that DTE Energy Co. will post $5.15 EPS for the current year.
A number of analysts recently commented on DTE shares. Zacks Investment Research upgraded DTE Energy from a “hold” rating to a “buy” rating and set a $106.00 price objective for the company in a research report on Wednesday, September 28th. KeyCorp set a $105.00 price objective on DTE Energy and gave the company a “buy” rating in a research report on Monday, September 12th. Barclays PLC reiterated a “buy” rating and set a $108.00 price objective on shares of DTE Energy in a research report on Thursday, July 28th. BMO Capital Markets reiterated a “hold” rating on shares of DTE Energy in a research report on Wednesday, June 22nd. Finally, Macquarie upped their price objective on DTE Energy from $105.00 to $107.00 and gave the company an “outperform” rating in a research report on Tuesday, September 27th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $103.20.
In other news, Chairman Gerard M. Anderson sold 17,500 shares of the firm’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $97.96, for a total value of $1,714,300.00. Following the completion of the sale, the chairman now owns 77,500 shares of the company’s stock, valued at approximately $7,591,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.93% of the stock is owned by insiders.
DTE Energy Company Profile
DTE Energy Company (DTE Energy) is a diversified energy company. DTE Energy’s utility operations consist primarily of DTE Electric Company (DTE Electric) and DTE Gas Company (DTE Gas). The Company’s segments include Electric, Gas, Gas Storage and Pipelines, Power and Industrial Projects, Energy Trading, and Corporate and Other.
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