Westwood Holdings Group Inc. Trims Stake in DTE Energy (NYSE:DTE)

Westwood Holdings Group Inc. trimmed its position in DTE Energy (NYSE:DTE) by 2.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 710,043 shares of the utilities provider’s stock after selling 17,989 shares during the quarter. Westwood Holdings Group Inc.’s holdings in DTE Energy were worth $78,822,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in DTE. Grayhawk Investment Strategies Inc. bought a new stake in shares of DTE Energy in the 4th quarter valued at about $1,305,000. Intech Investment Management LLC lifted its holdings in DTE Energy by 62.7% during the fourth quarter. Intech Investment Management LLC now owns 26,421 shares of the utilities provider’s stock worth $2,913,000 after buying an additional 10,180 shares during the period. UniSuper Management Pty Ltd boosted its position in DTE Energy by 407.3% during the 1st quarter. UniSuper Management Pty Ltd now owns 10,715 shares of the utilities provider’s stock valued at $1,202,000 after acquiring an additional 8,603 shares in the last quarter. Allianz Asset Management GmbH boosted its position in DTE Energy by 66.5% during the 4th quarter. Allianz Asset Management GmbH now owns 29,575 shares of the utilities provider’s stock valued at $3,261,000 after acquiring an additional 11,809 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of DTE Energy by 9.9% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 124,264 shares of the utilities provider’s stock valued at $13,934,000 after acquiring an additional 11,218 shares during the period. Institutional investors own 76.06% of the company’s stock.

DTE Energy Trading Up 1.3 %

Shares of DTE Energy stock opened at $125.09 on Friday. DTE Energy has a 1 year low of $90.14 and a 1 year high of $127.59. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.69 and a quick ratio of 0.52. The stock has a market cap of $25.89 billion, a PE ratio of 20.47, a price-to-earnings-growth ratio of 2.28 and a beta of 0.67. The firm has a fifty day moving average price of $121.82 and a 200 day moving average price of $114.98.

DTE Energy (NYSE:DTE) last posted its earnings results on Thursday, July 25th. The utilities provider reported $1.43 EPS for the quarter, topping the consensus estimate of $1.21 by $0.22. DTE Energy had a return on equity of 12.18% and a net margin of 11.18%. The firm had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same period last year, the company earned $0.99 earnings per share. Equities research analysts predict that DTE Energy will post 6.7 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. BMO Capital Markets raised their price objective on DTE Energy from $126.00 to $135.00 and gave the company a “market perform” rating in a research report on Friday, September 6th. Wells Fargo & Company lifted their price objective on shares of DTE Energy from $125.00 to $133.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. StockNews.com upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a research note on Sunday, August 11th. Barclays raised their target price on shares of DTE Energy from $123.00 to $128.00 and gave the company an “overweight” rating in a research note on Tuesday, July 30th. Finally, Bank of America lifted their price target on shares of DTE Energy from $131.00 to $136.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $127.58.

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.