DTE Energy (NYSE:DTE) Position Reduced by Intech Investment Management LLC

Intech Investment Management LLC reduced its position in shares of DTE Energy (NYSE:DTE) by 9.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,383 shares of the utilities provider’s stock after selling 3,285 shares during the quarter. Intech Investment Management LLC’s holdings in DTE Energy were worth $3,595,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. ESL Trust Services LLC bought a new position in DTE Energy during the first quarter valued at about $27,000. Rise Advisors LLC boosted its position in shares of DTE Energy by 89.6% during the 1st quarter. Rise Advisors LLC now owns 273 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 129 shares in the last quarter. Ridgewood Investments LLC acquired a new position in shares of DTE Energy in the 2nd quarter worth approximately $31,000. Denali Advisors LLC bought a new stake in shares of DTE Energy in the 1st quarter worth approximately $34,000. Finally, Salomon & Ludwin LLC raised its holdings in shares of DTE Energy by 82.3% in the 1st quarter. Salomon & Ludwin LLC now owns 432 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 195 shares in the last quarter. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on DTE shares. KeyCorp lifted their price target on shares of DTE Energy from $126.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a research report on Sunday, August 11th. Mizuho upped their target price on DTE Energy from $121.00 to $133.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. LADENBURG THALM/SH SH began coverage on DTE Energy in a report on Wednesday, August 14th. They set a “buy” rating and a $131.00 price objective on the stock. Finally, BMO Capital Markets raised their target price on shares of DTE Energy from $126.00 to $135.00 and gave the stock a “market perform” rating in a report on Friday, September 6th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $127.58.

DTE Energy Trading Up 1.3 %

Shares of NYSE:DTE opened at $125.09 on Monday. The firm has a fifty day moving average of $121.82 and a two-hundred day moving average of $115.04. The company has a quick ratio of 0.52, a current ratio of 0.69 and a debt-to-equity ratio of 1.73. DTE Energy has a 12-month low of $90.14 and a 12-month high of $127.59. The firm has a market capitalization of $25.89 billion, a P/E ratio of 20.47, a price-to-earnings-growth ratio of 2.28 and a beta of 0.67.

DTE Energy (NYSE:DTE) last released its quarterly earnings data on Thursday, July 25th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter last year, the firm earned $0.99 earnings per share. On average, equities analysts expect that DTE Energy will post 6.7 EPS for the current fiscal year.

DTE Energy Company 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.