Lmcg Investments LLC Sells 709 Shares of DTE Energy Company $DTE

Lmcg Investments LLC cut its holdings in shares of DTE Energy Company (NYSE:DTE) by 4.0% during the second quarter, Holdings Channel.com reports. The firm owned 17,053 shares of the utilities provider’s stock after selling 709 shares during the period. Lmcg Investments LLC’s holdings in DTE Energy were worth $2,259,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DTE. Goldman Sachs Group Inc. boosted its stake in shares of DTE Energy by 65.3% during the first 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 in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of DTE Energy by 57.4% during the first 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 in the last quarter. Nuveen LLC bought a new position in shares of DTE Energy during the first quarter valued at approximately $67,315,000. The Manufacturers Life Insurance Company boosted its stake in shares of DTE Energy by 44.7% during the first quarter. The Manufacturers Life Insurance Company now owns 721,209 shares of the utilities provider’s stock valued at $99,722,000 after purchasing an additional 222,894 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of DTE Energy by 1,066.0% during the first quarter. Robeco Institutional Asset Management B.V. now owns 210,728 shares of the utilities provider’s stock valued at $29,137,000 after purchasing an additional 192,656 shares in the last quarter. 76.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DTE. Scotiabank restated a “sector perform” rating and issued a $147.00 target price on shares of DTE Energy in a research note on Friday, October 3rd. Wall Street Zen downgraded shares of DTE Energy from a “hold” rating to a “sell” rating in a research note on Saturday. Barclays raised their target price on shares of DTE Energy from $136.00 to $138.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 15th. JPMorgan Chase & Co. raised their target price on shares of DTE Energy from $145.00 to $147.00 and gave the company a “neutral” rating in a research note on Tuesday, July 15th. Finally, BMO Capital Markets raised their target price on shares of DTE Energy from $140.00 to $144.00 and gave the company a “market perform” rating in a research note on Monday, August 25th. Seven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $145.25.

Insider Activity at DTE Energy

In other news, VP Lisa A. Muschong sold 1,600 shares of DTE Energy stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $140.53, for a total transaction of $224,848.00. Following the completion of the sale, 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.33% of the company’s stock.

DTE Energy Trading Up 0.2%

NYSE:DTE opened at $140.29 on Friday. DTE Energy Company has a 12 month low of $115.59 and a 12 month high of $143.79. The firm has a fifty day simple moving average of $138.40 and a 200-day simple moving average of $135.87. 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 company has a market capitalization of $29.12 billion, a P/E ratio of 20.19, a PEG ratio of 2.79 and a beta of 0.42.

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