Mn Services Vermogensbeheer B.V. Boosts Holdings in DTE Energy Company $DTE

Key Points

• Mn Services Vermogensbeheer B.V. increased its stake in DTE Energy by 3.9%, acquiring an additional 2,900 shares during the second quarter, bringing its total holdings to $10.27 million.
• Several institutional investors have also made moves with DTE Energy, with 76.06% of the company's stock now held by such entities, suggesting strong interest in the utilities provider.
• Wall Street analysts have a positive outlook on DTE Energy, with multiple firms issuing buy ratings and setting price targets as high as $151.00, indicating a generally optimistic future for the stock.

Mn Services Vermogensbeheer B.V. lifted its holdings in DTE Energy Company (NYSE:DTE - Free Report) by 3.9% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 77,547 shares of the utilities provider's stock after buying an additional 2,900 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in DTE Energy were worth $10,272,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of DTE. Bessemer Group Inc. boosted its holdings in shares of DTE Energy by 5.1% in the 1st quarter. Bessemer Group Inc. now owns 2,192 shares of the utilities provider's stock worth $303,000 after buying an additional 107 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of DTE Energy during the 1st quarter worth approximately $567,000. Goldman Sachs Group Inc. raised its holdings 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 worth $223,019,000 after purchasing an additional 637,378 shares during the period. Oppenheimer & Co. Inc. lifted its stake in DTE Energy by 17.7% in the first quarter. Oppenheimer & Co. Inc. now owns 2,118 shares of the utilities provider's stock valued at $293,000 after purchasing an additional 318 shares during the last quarter. Finally, Focus Partners Wealth grew its holdings in DTE Energy by 3.6% during the first quarter. Focus Partners Wealth now owns 181,905 shares of the utilities provider's stock valued at $25,152,000 after purchasing an additional 6,375 shares during the period. Institutional investors own 76.06% of the company's stock.

DTE Energy Price Performance

Shares of NYSE:DTE traded up $0.12 on Tuesday, hitting $136.26. The company's stock had a trading volume of 59,748 shares, compared to its average volume of 1,344,616. The company has a market capitalization of $28.29 billion, a PE ratio of 19.61, a PEG ratio of 2.69 and a beta of 0.42. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.94 and a quick ratio of 0.57. The company has a 50-day simple moving average of $137.59 and a 200 day simple moving average of $135.35. DTE Energy Company has a 1 year low of $115.59 and a 1 year high of $142.05.

DTE Energy (NYSE:DTE - Get Free Report) last announced its earnings results on Tuesday, July 29th. The utilities provider reported $1.36 earnings per share for the quarter, missing analysts' consensus estimates of $1.37 by ($0.01). DTE Energy had a net margin of 10.16% and a return on equity of 12.72%. The company had revenue of $2.91 billion during the quarter, compared to analysts' expectations of $2.67 billion. Sell-side analysts forecast that DTE Energy Company will post 7.18 EPS for the current fiscal year.

Insider Activity

In related news, VP Lisa A. Muschong sold 1,600 shares of the company's stock in a transaction on Thursday, August 14th. The shares were 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 in the company, valued at approximately $583,621.09. The trade was a 27.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.33% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on DTE. Barclays boosted their target price on DTE Energy from $136.00 to $138.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 15th. Morgan Stanley set a $140.00 target price on shares of DTE Energy and gave the stock an "overweight" rating in a research report on Thursday, August 21st. JPMorgan Chase & Co. boosted their price target 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. BMO Capital Markets upped their price target 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. Finally, Wall Street Zen lowered shares of DTE Energy from a "hold" rating to a "sell" rating in a research note on Sunday, September 14th. Seven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $144.25.

DTE Energy Profile

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.