Northside Capital Management LLC Makes New $5.07 Million Investment in DTE Energy Company $DTE

Northside Capital Management LLC acquired a new position in shares of DTE Energy Company (NYSE:DTE) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 38,238 shares of the utilities provider’s stock, valued at approximately $5,065,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of DTE. Tidal Investments LLC lifted its stake in shares of DTE Energy by 14.1% during the fourth quarter. Tidal Investments LLC now owns 2,841 shares of the utilities provider’s stock worth $343,000 after purchasing an additional 351 shares in the last quarter. Squarepoint Ops LLC lifted its stake in shares of DTE Energy by 3.7% during the fourth quarter. Squarepoint Ops LLC now owns 5,779 shares of the utilities provider’s stock worth $698,000 after purchasing an additional 205 shares in the last quarter. Vident Advisory LLC increased its position in shares of DTE Energy by 11.5% during the fourth quarter. Vident Advisory LLC now owns 2,790 shares of the utilities provider’s stock worth $337,000 after acquiring an additional 287 shares during the last quarter. Vise Technologies Inc. bought a new stake in DTE Energy in the fourth quarter valued at about $213,000. Finally, Toronto Dominion Bank increased its holdings in DTE Energy by 24.0% in the fourth quarter. Toronto Dominion Bank now owns 114,936 shares of the utilities provider’s stock valued at $13,879,000 after buying an additional 22,265 shares during the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

Analyst Upgrades and Downgrades

DTE has been the subject of several research analyst reports. Barclays boosted their price objective on DTE Energy from $136.00 to $138.00 and gave the company an “equal weight” rating in a report on Tuesday, July 15th. Wall Street Zen lowered DTE Energy from a “hold” rating to a “sell” rating in a report on Sunday, September 14th. Morgan Stanley set a $140.00 price objective on DTE Energy and gave the company an “overweight” rating in a report on Thursday, August 21st. JPMorgan Chase & Co. boosted their price objective on DTE Energy from $145.00 to $147.00 and gave the company a “neutral” rating in a report on Tuesday, July 15th. Finally, BMO Capital Markets boosted their price objective on DTE Energy from $140.00 to $144.00 and gave the company a “market perform” rating in a report on Monday, August 25th. Seven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $144.25.

DTE Energy Stock Performance

Shares of NYSE DTE opened at $137.71 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.57 and a debt-to-equity ratio of 1.96. The stock has a 50 day simple moving average of $137.68 and a 200-day simple moving average of $135.36. The company has a market cap of $28.59 billion, a PE ratio of 19.81, a P/E/G ratio of 2.70 and a beta of 0.42. DTE Energy Company has a 12-month low of $115.59 and a 12-month high of $142.05.

DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Tuesday, July 29th. The utilities provider reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.01). The business had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.67 billion. DTE Energy had a return on equity of 12.72% and a net margin of 10.16%. On average, equities research analysts forecast that DTE Energy Company will post 7.18 EPS for the current year.

Insider Activity

In other news, VP Lisa A. Muschong sold 1,600 shares of the business’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $140.53, for a total transaction of $224,848.00. Following the completion of the transaction, the vice president directly owned 4,153 shares in the company, valued at approximately $583,621.09. The trade was a 27.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.33% of the company’s stock.

DTE Energy Profile

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.