DTE Energy Company $DTE Shares Sold by Leeward Investments LLC MA

Key Points

• Leeward Investments LLC MA reduced its DTE Energy stake by 36.4% in the third quarter, selling 30,449 shares and retaining 53,282 shares valued at approximately $6.49 million.
• Institutional investors own 76.06% of DTE Energy, while Vice Chairman Trevor Lauer sold 5,000 shares for $678,550; corporate insiders own 0.60% of the stock.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $149.07, compared with DTE’s recent price of $131.79. The company’s latest quarterly results exceeded earnings expectations, reporting $1.32 EPS versus a $1.14 consensus estimate.

Leeward Investments LLC MA decreased its stake in DTE Energy Company (NYSE:DTE - Free Report) by 36.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,282 shares of the utilities provider's stock after selling 30,449 shares during the quarter. Leeward Investments LLC MA's holdings in DTE Energy were worth $6,490,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DTE. Probity Advisors Inc. grew its position in shares of DTE Energy by 2.5% during the 3rd quarter. Probity Advisors Inc. now owns 6,975 shares of the utilities provider's stock worth $850,000 after buying an additional 171 shares during the period. Signaturefd LLC raised its position in shares of DTE Energy by 12.1% in the 3rd quarter. Signaturefd LLC now owns 3,806 shares of the utilities provider's stock valued at $464,000 after acquiring an additional 412 shares during the period. Citizens Financial Group Inc. RI raised its position in shares of DTE Energy by 87.4% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 7,878 shares of the utilities provider's stock valued at $959,000 after acquiring an additional 3,674 shares during the period. RWC Asset Management LLP boosted its stake in DTE Energy by 25.6% during the 3rd quarter. RWC Asset Management LLP now owns 63,278 shares of the utilities provider's stock worth $7,707,000 after acquiring an additional 12,912 shares during the last quarter. Finally, Tectonic Advisors LLC boosted its stake in DTE Energy by 19.0% during the 3rd quarter. Tectonic Advisors LLC now owns 6,903 shares of the utilities provider's stock worth $841,000 after acquiring an additional 1,100 shares during the last quarter. Institutional investors own 76.06% of the company's stock.

Insider Activity at DTE Energy

In other news, Vice Chairman Trevor Lauer sold 5,000 shares of the stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $135.71, for a total transaction of $678,550.00. Following the completion of the transaction, the insider directly owned 73,122 shares in the company, valued at $9,923,386.62. This represents a 6.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

DTE has been the subject of a number of analyst reports. Jefferies Financial Group set a $152.00 price objective on shares of DTE Energy in a report on Friday. Truist Financial set a $139.00 target price on shares of DTE Energy in a report on Friday, October 16th. BMO Capital Markets lifted their price target on shares of DTE Energy from $134.00 to $139.00 and gave the stock a "market perform" rating in a research report on Friday, October 16th. Weiss Ratings lowered shares of DTE Energy from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, September 25th. Finally, Morgan Stanley lowered their price objective on shares of DTE Energy from $141.00 to $139.00 and set an "overweight" rating for the company in a research report on Wednesday, October 21st. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, DTE Energy has a consensus rating of "Moderate Buy" and an average target price of $149.07.

DTE Energy Trading Down 0.1%

NYSE:DTE opened at $131.79 on Tuesday. The company has a market cap of $27.42 billion, a P/E ratio of 18.40, a price-to-earnings-growth ratio of 2.71 and a beta of 0.36. DTE Energy Company has a twelve month low of $119.68 and a twelve month high of $155.74. The business has a 50 day moving average price of $130.90 and a two-hundred day moving average price of $140.73. The company has a quick ratio of 0.53, a current ratio of 0.80 and a debt-to-equity ratio of 2.13.

DTE Energy (NYSE:DTE - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.18. DTE Energy had a net margin of 8.00% and a return on equity of 12.19%. The firm had revenue of $6.74 billion for the quarter, compared to analyst estimates of $3.36 billion. During the same period in the previous year, the business earned $1.36 EPS. As a group, analysts expect that DTE Energy Company will post 7.70 EPS for the current fiscal year.

About DTE Energy

DTE Energy Co is a Detroit-based energy holding company that operates through regulated utility businesses and other energy-related activities. Its principal subsidiaries are DTE Electric and DTE Gas, which provide electricity and natural gas to residential, commercial and industrial customers across southeastern Michigan.

DTE Electric generates, transmits and distributes electricity, while DTE Gas transports and distributes natural gas through an extensive pipeline network. The company is also involved in renewable energy, energy services, natural gas storage and pipeline operations, and other nonutility activities designed to support the broader energy system.

DTE Energy traces its roots to the Detroit Edison Company, which was established in 1903 to serve the Detroit area.

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