DTE Energy Company $DTE Shares Bought by Czech National Bank

Key Points

• The Czech National Bank increased its holdings in DTE Energy Company by 6.6%, adding 3,124 shares to reach a total of 50,724 shares worth approximately $6.7 million.
• Corporate insiders, including VP Lisa A. Muschong, have recently sold shares, with Muschong selling 1,600 shares for around $224,848, reducing her ownership by 27.81%.
• DTE Energy's stock has a market capitalization of $27.99 billion and analysts have varying ratings, with the average target price set at $144.25.

Czech National Bank lifted its holdings in DTE Energy Company (NYSE:DTE - Free Report) by 6.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,724 shares of the utilities provider's stock after purchasing an additional 3,124 shares during the quarter. Czech National Bank's holdings in DTE Energy were worth $6,719,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Northern Trust Corp raised its holdings in shares of DTE Energy by 0.5% during the first 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 last quarter. Goldman Sachs Group Inc. increased its holdings in 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 buying an additional 637,378 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in 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 buying an additional 512,567 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in DTE Energy by 0.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,316,107 shares of the utilities provider's stock valued at $181,978,000 after buying an additional 9,443 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in DTE Energy by 14,878.4% during the first quarter. GAMMA Investing LLC now owns 1,183,591 shares of the utilities provider's stock valued at $163,655,000 after buying an additional 1,175,689 shares during the last quarter. Hedge funds and other institutional investors own 76.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DTE. Citigroup restated a "buy" rating and issued a $151.00 price objective (up from $142.00) on shares of DTE Energy in a research note on Friday, May 23rd. Barclays upped their price target on DTE Energy from $136.00 to $138.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 15th. BMO Capital Markets increased their target price on shares of DTE Energy from $140.00 to $144.00 and gave the stock a "market perform" rating in a report on Monday, August 25th. Morgan Stanley set a $140.00 price objective on shares of DTE Energy and gave the company an "overweight" rating in a research report on Thursday, August 21st. Finally, JPMorgan Chase & Co. raised their price objective on shares of DTE Energy from $145.00 to $147.00 and gave the company a "neutral" rating in a research report on Tuesday, July 15th. Seven research 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.com, DTE Energy currently has a consensus rating of "Moderate Buy" and an average price target of $144.25.

DTE Energy Stock Up 0.4%

Shares of DTE stock traded up $0.56 on Friday, hitting $135.67. The stock had a trading volume of 1,712,394 shares, compared to its average volume of 963,972. The company has a quick ratio of 0.57, a current ratio of 0.94 and a debt-to-equity ratio of 1.96. The business has a 50 day moving average price of $137.55 and a 200 day moving average price of $135.26. The company has a market cap of $28.16 billion, a PE ratio of 19.52, a P/E/G ratio of 2.68 and a beta of 0.42. DTE Energy Company has a one year low of $115.59 and a one year high of $142.05.

DTE Energy (NYSE:DTE - Get Free Report) 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 the consensus estimate of $2.67 billion. Research analysts anticipate that DTE Energy Company will post 7.18 earnings per share for the current fiscal year.

Insider Activity at DTE Energy

In related news, VP Lisa A. Muschong sold 1,600 shares of the business's stock in a transaction that occurred 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 transaction, the vice president owned 4,153 shares in the company, valued at $583,621.09. The trade was a 27.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.33% of the stock is currently owned by company insiders.

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.