DTE Energy Company (DTE) Stake Increased by Janus Henderson Group PLC

Janus Henderson Group PLC grew its stake in shares of DTE Energy Company (NYSE:DTE) by 7,495.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,645,752 shares of the utilities provider’s stock after acquiring an additional 1,624,083 shares during the quarter. Janus Henderson Group PLC owned about 0.92% of DTE Energy worth $174,104,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in DTE. BlackRock Inc. boosted its holdings in shares of DTE Energy by 2,370.1% during the 1st quarter. BlackRock Inc. now owns 14,475,164 shares of the utilities provider’s stock valued at $1,478,058,000 after acquiring an additional 13,889,160 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of DTE Energy by 36.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 2,122,051 shares of the utilities provider’s stock valued at $224,492,000 after acquiring an additional 572,523 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of DTE Energy by 16.4% during the 1st quarter. AQR Capital Management LLC now owns 3,276,539 shares of the utilities provider’s stock valued at $334,567,000 after acquiring an additional 461,310 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of DTE Energy by 42.0% during the 1st quarter. Legal & General Group Plc now owns 1,403,863 shares of the utilities provider’s stock valued at $143,345,000 after acquiring an additional 415,123 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of DTE Energy by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 18,988,361 shares of the utilities provider’s stock valued at $2,008,779,000 after acquiring an additional 375,899 shares during the last quarter. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on DTE. Jefferies Group LLC reaffirmed a “buy” rating and set a $121.00 price target on shares of DTE Energy in a report on Tuesday, August 29th. KeyCorp reissued a “buy” rating and issued a $113.00 price objective on shares of DTE Energy in a report on Sunday, August 27th. BidaskClub raised shares of DTE Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Zacks Investment Research downgraded shares of DTE Energy from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, BMO Capital Markets reissued a “hold” rating and issued a $111.00 price objective on shares of DTE Energy in a report on Friday, July 28th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $108.63.

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In other news, Chairman Gerard M. Anderson sold 12,000 shares of the stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $106.83, for a total transaction of $1,281,960.00. Following the transaction, the chairman now owns 80,000 shares in the company, valued at approximately $8,546,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Larry E. Steward sold 9,999 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $107.52, for a total value of $1,075,092.48. Following the transaction, the insider now owns 39,698 shares in the company, valued at approximately $4,268,328.96. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,631 shares of company stock worth $2,756,681. Insiders own 0.53% of the company’s stock.

DTE Energy Company (DTE) traded down 0.06% during trading on Friday, hitting $107.68. 737,120 shares of the company were exchanged. The stock has a market capitalization of $19.32 billion, a PE ratio of 18.54 and a beta of 0.20. DTE Energy Company has a 1-year low of $89.66 and a 1-year high of $113.71. The firm’s 50 day moving average price is $110.32 and its 200-day moving average price is $107.27.

DTE Energy (NYSE:DTE) last released its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.08. DTE Energy had a return on equity of 10.67% and a net margin of 8.80%. The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the prior year, the firm posted $0.98 EPS. The business’s quarterly revenue was up 26.2% compared to the same quarter last year. Equities analysts predict that DTE Energy Company will post $5.42 EPS for the current year.

DTE Energy Company Profile

Institutional Ownership by Quarter for DTE Energy (NYSE:DTE)

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