DTE Energy Company $DTE Shares Sold by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC lessened its stake in shares of DTE Energy Company (NYSE:DTE) by 40.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,644 shares of the utilities provider’s stock after selling 3,805 shares during the period. Impact Partnership Wealth LLC’s holdings in DTE Energy were worth $748,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in DTE. Oppenheimer & Co. Inc. increased its position in shares of DTE Energy by 17.7% in the 1st quarter. Oppenheimer & Co. Inc. now owns 2,118 shares of the utilities provider’s stock valued at $293,000 after acquiring an additional 318 shares during the period. Bessemer Group Inc. grew its stake in DTE Energy by 5.1% during the 1st quarter. Bessemer Group Inc. now owns 2,192 shares of the utilities provider’s stock valued at $303,000 after purchasing an additional 107 shares during the last quarter. Diversified Trust Co increased its holdings in shares of DTE Energy by 7.8% in the first quarter. Diversified Trust Co now owns 2,531 shares of the utilities provider’s stock valued at $350,000 after purchasing an additional 183 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of DTE Energy by 17.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,052 shares of the utilities provider’s stock worth $3,012,000 after purchasing an additional 3,250 shares during the last quarter. Finally, Amalgamated Bank lifted its holdings in shares of DTE Energy by 0.8% during the first quarter. Amalgamated Bank now owns 40,220 shares of the utilities provider’s stock worth $5,561,000 after purchasing an additional 301 shares during the period. Hedge funds and other institutional investors own 76.06% of the company’s stock.

Insider Activity at DTE Energy

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 value of $224,848.00. Following the completion of the sale, the vice president directly owned 4,153 shares in the company, valued at $583,621.09. The trade was a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.33% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. UBS Group raised their price target on shares of DTE Energy from $148.00 to $158.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Wells Fargo & Company raised shares of DTE Energy to a “strong-buy” rating in a report on Tuesday. Morgan Stanley upped their price target on shares of DTE Energy from $137.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Barclays increased their price target 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 note on Sunday, October 19th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, DTE Energy currently has a consensus rating of “Moderate Buy” and an average target price of $148.90.

DTE Energy Trading Down 0.6%

Shares of DTE Energy stock opened at $138.82 on Thursday. The firm has a 50-day simple moving average of $138.83 and a two-hundred day simple moving average of $136.68. 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 Company has a fifty-two week low of $115.59 and a fifty-two week high of $143.79. The company has a market cap of $28.82 billion, a P/E ratio of 19.97, a price-to-earnings-growth ratio of 2.99 and a beta of 0.42.

DTE Energy (NYSE:DTE) last announced its quarterly earnings results 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). 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 predict that DTE Energy Company will post 7.18 earnings per share for the current fiscal 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.