DTE Energy Company $DTE Position Cut by Leeward Investments LLC MA

Leeward Investments LLC MA trimmed its holdings in DTE Energy Company (NYSE:DTE) by 8.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,172 shares of the utilities provider’s stock after selling 7,598 shares during the quarter. Leeward Investments LLC MA’s holdings in DTE Energy were worth $11,547,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cloud Capital Management LLC bought a new position in DTE Energy in the 1st quarter worth approximately $25,000. Quintet Private Bank Europe S.A. bought a new position in DTE Energy in the 2nd quarter worth approximately $25,000. Olde Wealth Management LLC acquired a new stake in DTE Energy in the first quarter worth approximately $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in DTE Energy in the first quarter worth approximately $28,000. Finally, SouthState Corp acquired a new stake in DTE Energy in the first quarter worth approximately $29,000. 76.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Scotiabank restated a “sector perform” rating and issued a $147.00 target price on shares of DTE Energy in a research report on Friday, October 3rd. UBS Group upped their target price on DTE Energy from $148.00 to $158.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Morgan Stanley upped their target price on DTE Energy from $137.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday. Barclays upped their target price on DTE Energy from $138.00 to $148.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 14th. Finally, Wall Street Zen upgraded DTE Energy from a “sell” rating to a “hold” rating in a research report on Sunday, October 19th. Seven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, DTE Energy has an average rating of “Moderate Buy” and an average price target of $148.60.

Insider Activity

In other news, VP Lisa A. Muschong sold 1,600 shares of the stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $140.53, for a total value of $224,848.00. Following the completion of the sale, the vice president owned 4,153 shares in the company, valued at $583,621.09. This represents a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.33% of the stock is owned by insiders.

DTE Energy Price Performance

Shares of NYSE:DTE opened at $141.77 on Friday. DTE Energy Company has a one year low of $115.59 and a one year high of $143.79. The stock has a fifty day moving average of $138.78 and a 200-day moving average of $136.42. The company has a market capitalization of $29.43 billion, a PE ratio of 20.40, a price-to-earnings-growth ratio of 3.04 and a beta of 0.42. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.57 and a current ratio of 0.94.

DTE Energy (NYSE:DTE) last released 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 business had revenue of $2.91 billion during 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%. As a group, equities analysts anticipate that DTE Energy Company will post 7.18 EPS for the current fiscal year.

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.