Sigma Investment Counselors Inc. Has $867,000 Holdings in DTE Energy (NYSE:DTE)

Sigma Investment Counselors Inc. grew its holdings in shares of DTE Energy (NYSE:DTEGet Rating) by 3.7% in the 2nd quarter, Holdings Channel reports. The fund owned 6,839 shares of the utilities provider’s stock after buying an additional 246 shares during the period. Sigma Investment Counselors Inc.’s holdings in DTE Energy were worth $867,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of DTE Energy by 6.6% in the 1st quarter. Vanguard Group Inc. now owns 23,028,699 shares of the utilities provider’s stock valued at $3,044,624,000 after purchasing an additional 1,420,586 shares during the last quarter. Capital Research Global Investors lifted its stake in shares of DTE Energy by 14.3% in the first quarter. Capital Research Global Investors now owns 17,821,764 shares of the utilities provider’s stock valued at $2,356,215,000 after buying an additional 2,222,887 shares in the last quarter. BlackRock Inc. lifted its stake in shares of DTE Energy by 7.5% in the fourth quarter. BlackRock Inc. now owns 17,332,531 shares of the utilities provider’s stock valued at $2,071,930,000 after buying an additional 1,214,632 shares in the last quarter. State Street Corp raised its holdings in shares of DTE Energy by 2.6% in the first quarter. State Street Corp now owns 9,707,687 shares of the utilities provider’s stock valued at $1,291,854,000 after purchasing an additional 245,923 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of DTE Energy by 14.6% in the first quarter. Invesco Ltd. now owns 2,206,947 shares of the utilities provider’s stock valued at $291,781,000 after purchasing an additional 281,718 shares during the last quarter. Institutional investors and hedge funds own 73.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DTE. Barclays decreased their price objective on shares of DTE Energy from $141.00 to $131.00 and set an “equal weight” rating for the company in a report on Monday, July 18th. Morgan Stanley dropped their target price on DTE Energy from $141.00 to $139.00 and set an “overweight” rating on the stock in a research report on Thursday. Mizuho lowered their price objective on DTE Energy from $137.00 to $130.00 and set a “buy” rating on the stock in a research report on Monday, July 11th. Finally, Credit Suisse Group increased their price objective on DTE Energy to $140.00 in a research report on Tuesday, August 9th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $132.70.

DTE Energy Stock Performance

DTE stock traded down $1.50 during trading on Friday, reaching $125.08. The stock had a trading volume of 18,487 shares, compared to its average volume of 1,065,019. The stock’s 50 day moving average is $130.83 and its two-hundred day moving average is $129.88. The company has a current ratio of 0.59, a quick ratio of 0.47 and a debt-to-equity ratio of 1.82. DTE Energy has a 52 week low of $108.22 and a 52 week high of $140.23. The firm has a market cap of $24.23 billion, a PE ratio of 32.29, a PEG ratio of 3.50 and a beta of 0.60.

DTE Energy (NYSE:DTEGet Rating) last issued its earnings results on Thursday, July 28th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.14). DTE Energy had a net margin of 4.27% and a return on equity of 13.31%. During the same period in the prior year, the company posted $1.70 EPS. As a group, equities analysts anticipate that DTE Energy will post 6.02 earnings per share for the current year.

Insider Activity

In other DTE Energy news, COO Joi M. Harris sold 1,800 shares of the stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $130.13, for a total transaction of $234,234.00. Following the transaction, the chief operating officer now directly owns 8,011 shares in the company, valued at approximately $1,042,471.43. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, SVP Joann Chavez sold 1,000 shares of the stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $135.62, for a total transaction of $135,620.00. Following the sale, the senior vice president now directly owns 9,657 shares of the company’s stock, valued at approximately $1,309,682.34. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Joi M. Harris sold 1,800 shares of the stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $130.13, for a total transaction of $234,234.00. Following the sale, the chief operating officer now directly owns 8,011 shares in the company, valued at $1,042,471.43. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,700 shares of company stock valued at $747,753. 0.61% of the stock is currently owned by company insiders.

DTE Energy Profile

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DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.3 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets.

Further Reading

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

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