Northside Capital Management LLC Acquires New Shares in DTE Energy Company $DTE

Key Points

• Northside Capital Management LLC has acquired a new stake of 38,238 shares in DTE Energy Company, valued at approximately $5,065,000, during the second quarter.
• Several hedge funds, including Tidal Investments LLC and Toronto Dominion Bank, have increased their positions in DTE Energy, with hedge funds collectively owning 76.06% of the stock.
• Analysts have mixed ratings for DTE Energy, with a consensus price target of $144.25 and seven analysts rating it as a "Buy" while five have given it a "Hold" rating.

Northside Capital Management LLC acquired a new stake in DTE Energy Company (NYSE:DTE - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 38,238 shares of the utilities provider's stock, valued at approximately $5,065,000.

Several other hedge funds have also recently bought and sold shares of DTE. Tidal Investments LLC increased its stake in DTE Energy by 14.1% in the 4th quarter. Tidal Investments LLC now owns 2,841 shares of the utilities provider's stock valued at $343,000 after purchasing an additional 351 shares in the last quarter. Squarepoint Ops LLC increased its position in DTE Energy by 3.7% during the fourth quarter. Squarepoint Ops LLC now owns 5,779 shares of the utilities provider's stock worth $698,000 after buying an additional 205 shares in the last quarter. Vident Advisory LLC increased its position in DTE Energy by 11.5% during the fourth quarter. Vident Advisory LLC now owns 2,790 shares of the utilities provider's stock worth $337,000 after buying an additional 287 shares in the last quarter. Vise Technologies Inc. purchased a new position in DTE Energy during the fourth quarter worth $213,000. Finally, Toronto Dominion Bank increased its position in DTE Energy by 24.0% during the fourth quarter. Toronto Dominion Bank now owns 114,936 shares of the utilities provider's stock worth $13,879,000 after buying an additional 22,265 shares in the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DTE has been the subject of several recent research reports. BMO Capital Markets raised their price target on DTE Energy from $140.00 to $144.00 and gave the stock a "market perform" rating in a research report on Monday, August 25th. JPMorgan Chase & Co. raised their price target on DTE Energy from $145.00 to $147.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 15th. Barclays raised 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. Wall Street Zen downgraded DTE Energy from a "hold" rating to a "sell" rating in a research report on Sunday, September 14th. Finally, Morgan Stanley set a $140.00 price target on DTE Energy and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Seven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $144.25.

Insider Transactions at DTE Energy

In related news, VP Lisa A. Muschong sold 1,600 shares of the 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 sale, the vice president owned 4,153 shares of the company's stock, valued at approximately $583,621.09. This represents a 27.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.33% of the company's stock.

DTE Energy Price Performance

DTE stock opened at $137.71 on Wednesday. DTE Energy Company has a 52-week low of $115.59 and a 52-week high of $142.05. The stock's fifty day simple moving average is $137.68 and its 200-day simple moving average is $135.36. 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 stock has a market capitalization of $28.59 billion, a price-to-earnings ratio of 19.81, a price-to-earnings-growth ratio of 2.70 and a beta of 0.42.

DTE Energy (NYSE:DTE - Get Free Report) last issued 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 firm had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.67 billion. Equities research analysts expect that DTE Energy Company will post 7.18 EPS 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.

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