Public Employees Retirement System of Ohio boosted its stake in shares of DTE Energy Company (NYSE:DTE - Free Report) by 7.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,366 shares of the utilities provider's stock after purchasing an additional 4,701 shares during the period. Public Employees Retirement System of Ohio's holdings in DTE Energy were worth $9,056,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Cloud Capital Management LLC purchased a new position in DTE Energy during the first quarter worth approximately $25,000. Quintet Private Bank Europe S.A. purchased a new position in shares of DTE Energy in the 2nd quarter valued at $25,000. Olde Wealth Management LLC purchased a new position in shares of DTE Energy in the 1st quarter valued at $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of DTE Energy in the 1st quarter valued at $28,000. Finally, SouthState Corp purchased a new position in DTE Energy in the 1st quarter valued at about $29,000. Hedge funds and other institutional investors own 76.06% of the company's stock.
Insider Buying and Selling
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 directly owned 4,153 shares of the company's stock, valued at $583,621.09. This represents a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.33% of the stock is currently owned by corporate insiders.
DTE Energy Trading Up 1.2%
Shares of NYSE:DTE opened at $139.36 on Friday. The company has a 50 day moving average of $137.87 and a 200-day moving average of $135.51. The firm has a market cap of $28.93 billion, a P/E ratio of 20.05, a P/E/G ratio of 2.77 and a beta of 0.42. DTE Energy Company has a twelve month low of $115.59 and a twelve month high of $142.05. The company has a current ratio of 0.94, a quick ratio of 0.57 and a debt-to-equity ratio of 1.96.
DTE Energy (NYSE:DTE - Get Free Report) last released its earnings results 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 net margin of 10.16% and a return on equity of 12.72%. The business had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.67 billion. As a group, analysts anticipate that DTE Energy Company will post 7.18 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several research firms have recently weighed in on DTE. Wall Street Zen downgraded shares of DTE Energy from a "hold" rating to a "sell" rating in a research report on Sunday, September 14th. Morgan Stanley reduced their target price on shares of DTE Energy from $140.00 to $137.00 and set an "overweight" rating for the company in a research note on Thursday. BMO Capital Markets boosted 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. Barclays boosted 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. Finally, JPMorgan Chase & Co. boosted 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. Seven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, DTE Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $144.00.
Read Our Latest Stock Report on DTE
About DTE Energy
(
Free Report)
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.
Further Reading
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