Whittier Trust Co. maintained its position in shares of DTE Energy Co. (NYSE:DTE) during the second quarter, Holdings Channel reports. The fund owned 1,265 shares of the company’s stock at the end of the second quarter. Whittier Trust Co.’s holdings in DTE Energy were worth $125,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the company. Bank of Montreal Can bought a new position in shares of DTE Energy during the second quarter valued at approximately $30,302,000. Legal & General Group Plc raised 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 raised 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. acquired a new stake in DTE Energy during the second quarter worth about $12,033,000. Finally, AXA raised 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 midday trading on Monday, hitting $92.39. 1,252,096 shares of the stock were exchanged. 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 has a 50 day moving average of $93.25 and a 200 day moving average of $93.21.
DTE Energy (NYSE:DTE) last released its earnings results on Tuesday, July 26th. The company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.09. DTE Energy had a net margin of 7.51% and a return on equity of 10.00%. The firm earned $2.26 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the previous year, the firm earned $0.76 earnings per share. DTE Energy’s revenue was down .3% compared to the same quarter last year. Equities analysts forecast that DTE Energy Co. will post $5.15 EPS for the current fiscal year.
A number of equities research analysts have issued reports on DTE shares. Zacks Investment Research upgraded shares of DTE Energy from a “hold” rating to a “buy” rating and set a $106.00 target price on the stock in a report on Wednesday, September 28th. KeyCorp set a $105.00 target price on shares of DTE Energy and gave the stock a “buy” rating in a report on Monday, September 12th. Barclays PLC reiterated a “buy” rating and set a $108.00 target price on shares of DTE Energy in a report on Thursday, July 28th. BMO Capital Markets reiterated a “hold” rating on shares of DTE Energy in a report on Wednesday, June 22nd. Finally, Macquarie increased their target price on shares of DTE Energy from $105.00 to $107.00 and gave the stock an “outperform” rating in a 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. The company currently has a consensus rating of “Buy” and a consensus price target of $103.20.
In related news, Chairman Gerard M. Anderson sold 17,500 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The shares were 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 directly owns 77,500 shares in the company, valued at $7,591,900. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.93% of the stock is currently owned by corporate insiders.
About DTE Energy
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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