Securian Asset Management Inc. Sells 132 Shares of DTE Energy Company $DTE

Securian Asset Management Inc. decreased its position in shares of DTE Energy Company (NYSE:DTE) by 1.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,798 shares of the utilities provider’s stock after selling 132 shares during the period. Securian Asset Management Inc.’s holdings in DTE Energy were worth $1,430,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DTE. Cloud Capital Management LLC bought a new stake in shares of DTE Energy during the first quarter valued at approximately $25,000. Quintet Private Bank Europe S.A. bought a new stake in shares of DTE Energy during the second quarter valued at approximately $25,000. Olde Wealth Management LLC bought a new stake in shares of DTE Energy during the first quarter valued at approximately $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of DTE Energy during the first quarter valued at approximately $28,000. Finally, SouthState Corp bought a new stake in shares of DTE Energy during the first quarter valued at approximately $29,000. Institutional investors own 76.06% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. UBS Group lifted their price objective on shares of DTE Energy from $148.00 to $158.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Scotiabank reiterated a “sector perform” rating and set a $147.00 price objective on shares of DTE Energy in a research report on Friday, October 3rd. BMO Capital Markets lifted their price objective on shares of DTE Energy from $140.00 to $144.00 and gave the company a “market perform” rating in a research report on Monday, August 25th. Morgan Stanley boosted their price target on shares of DTE Energy from $137.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of DTE Energy in a research report on Wednesday, October 8th. Seven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $148.60.

DTE Energy Stock Up 0.3%

Shares of DTE opened at $142.63 on Thursday. The firm has a market capitalization of $29.61 billion, a P/E ratio of 20.52, a P/E/G ratio of 3.05 and a beta of 0.42. DTE Energy Company has a 12-month low of $115.59 and a 12-month high of $143.79. 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 firm has a fifty day moving average price of $138.69 and a 200-day moving average price of $136.16.

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

Insider Buying and Selling at DTE Energy

In other DTE Energy news, VP Lisa A. Muschong sold 1,600 shares of the business’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $140.53, for a total value 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 document filed with the SEC, which can be accessed through the SEC website. 0.33% of the stock is owned by insiders.

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.