DTE Energy Company $DTE Shares Sold by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC cut its position in DTE Energy Company (NYSE:DTE) by 35.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,658 shares of the utilities provider’s stock after selling 2,593 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in DTE Energy were worth $617,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Northern Trust Corp boosted its position in shares of DTE Energy by 0.5% in the 1st quarter. Northern Trust Corp now owns 1,836,832 shares of the utilities provider’s stock valued at $253,979,000 after purchasing an additional 9,664 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of DTE Energy by 65.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,612,925 shares of the utilities provider’s stock valued at $223,019,000 after purchasing an additional 637,378 shares during the period. JPMorgan Chase & Co. boosted its position in shares of DTE Energy by 57.4% in the 1st quarter. JPMorgan Chase & Co. now owns 1,405,516 shares of the utilities provider’s stock valued at $194,341,000 after purchasing an additional 512,567 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of DTE Energy by 0.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,316,107 shares of the utilities provider’s stock valued at $181,978,000 after purchasing an additional 9,443 shares during the period. Finally, Royal Bank of Canada boosted its position in shares of DTE Energy by 1.2% in the 1st quarter. Royal Bank of Canada now owns 1,173,220 shares of the utilities provider’s stock valued at $162,221,000 after purchasing an additional 13,884 shares during the period. 76.06% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP Lisa A. Muschong sold 1,600 shares of the firm’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 value of $224,848.00. Following the completion of the transaction, the vice president directly owned 4,153 shares of the company’s stock, valued at $583,621.09. This trade represents a 27.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.33% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. UBS Group upped their target price on DTE Energy from $148.00 to $158.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Wall Street Zen raised DTE Energy from a “sell” rating to a “hold” rating in a research report on Sunday, October 19th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of DTE Energy in a research report on Wednesday, October 8th. Morgan Stanley increased their target price on DTE Energy from $137.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Finally, BMO Capital Markets increased their target price on DTE Energy from $140.00 to $144.00 and gave the stock a “market perform” rating in a research note on Monday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $148.90.

DTE Energy Stock Performance

Shares of DTE stock opened at $138.82 on Thursday. DTE Energy Company has a 12-month low of $115.59 and a 12-month high of $143.79. The company has a market cap of $28.82 billion, a price-to-earnings ratio of 19.97, a price-to-earnings-growth ratio of 2.99 and a beta of 0.42. The stock has a 50 day simple moving average of $138.83 and a 200-day simple moving average of $136.68. The company has a current ratio of 0.94, a quick ratio of 0.57 and a debt-to-equity ratio of 1.96.

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

About DTE Energy

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.