XTX Topco Ltd Invests $855,000 in DTE Energy (NYSE:DTE)

XTX Topco Ltd purchased a new position in shares of DTE Energy (NYSE:DTE) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 7,698 shares of the utilities provider’s stock, valued at approximately $855,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Grayhawk Investment Strategies Inc. acquired a new stake in shares of DTE Energy during the 4th quarter valued at $1,305,000. Intech Investment Management LLC raised its holdings in shares of 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 acquiring an additional 10,180 shares in the last quarter. UniSuper Management Pty Ltd boosted its position in DTE Energy by 407.3% during the first quarter. UniSuper Management Pty Ltd now owns 10,715 shares of the utilities provider’s stock valued at $1,202,000 after purchasing an additional 8,603 shares during the last quarter. Allianz Asset Management GmbH grew its stake in DTE Energy by 66.5% in the fourth quarter. Allianz Asset Management GmbH now owns 29,575 shares of the utilities provider’s stock valued at $3,261,000 after purchasing an additional 11,809 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its position in 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 worth $13,934,000 after purchasing an additional 11,218 shares during the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Scotiabank lifted their price target on DTE Energy from $120.00 to $137.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Mizuho boosted their target price on shares of DTE Energy from $121.00 to $133.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. BMO Capital Markets raised their price target on shares of DTE Energy from $126.00 to $135.00 and gave the company a “market perform” rating in a report on Friday, September 6th. LADENBURG THALM/SH SH started coverage on shares of DTE Energy in a report on Wednesday, August 14th. They issued a “buy” rating and a $131.00 price objective for the company. Finally, Barclays raised their target price on DTE Energy from $123.00 to $128.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.58.

DTE Energy Price Performance

Shares of NYSE:DTE opened at $125.09 on Friday. The company has a market cap of $25.89 billion, a price-to-earnings ratio of 20.47, a PEG ratio of 2.28 and a beta of 0.67. The business has a 50 day moving average price of $121.82 and a 200 day moving average price of $115.01. 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 twelve month low of $90.14 and a twelve month high of $127.59.

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