Mutual of America Capital Management LLC Sells 973 Shares of DTE Energy (NYSE:DTE)

Mutual of America Capital Management LLC lowered its position in shares of DTE Energy (NYSE:DTE) by 2.9% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 32,079 shares of the utilities provider’s stock after selling 973 shares during the quarter. Mutual of America Capital Management LLC’s holdings in DTE Energy were worth $3,561,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Cranbrook Wealth Management LLC raised its stake in DTE Energy by 20.2% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 1,586 shares of the utilities provider’s stock worth $176,000 after purchasing an additional 267 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of DTE Energy by 10.1% during the second quarter. Dimensional Fund Advisors LP now owns 730,283 shares of the utilities provider’s stock worth $81,071,000 after purchasing an additional 67,086 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of DTE Energy by 3.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,667,111 shares of the utilities provider’s stock valued at $185,066,000 after buying an additional 59,811 shares in the last quarter. Brown Brothers Harriman & Co. boosted its stake in shares of DTE Energy by 935.6% in the second quarter. Brown Brothers Harriman & Co. now owns 2,092 shares of the utilities provider’s stock valued at $232,000 after buying an additional 1,890 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in DTE Energy by 8.0% during the second quarter. Envestnet Asset Management Inc. now owns 143,057 shares of the utilities provider’s stock worth $15,881,000 after buying an additional 10,632 shares in the last quarter. Institutional investors own 76.06% of the company’s stock.

DTE Energy Stock Up 1.3 %

Shares of DTE opened at $125.09 on Monday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.52 and a current ratio of 0.69. DTE Energy has a 52 week low of $90.14 and a 52 week high of $127.59. The stock has a market capitalization 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 stock has a fifty day moving average of $121.82 and a 200-day moving average of $115.04.

DTE Energy (NYSE:DTE) last posted its earnings results on Thursday, July 25th. The utilities provider reported $1.43 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $2.65 billion. During the same period last year, the company earned $0.99 earnings per share. As a group, sell-side analysts anticipate that DTE Energy will post 6.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DTE has been the subject of several analyst reports. Wells Fargo & Company lifted their price objective on DTE Energy from $125.00 to $133.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Scotiabank upped their price objective on shares of DTE Energy from $120.00 to $137.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. KeyCorp raised their target price on shares of DTE Energy from $126.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Morgan Stanley boosted their target price on shares of DTE Energy from $114.00 to $121.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Finally, Mizuho increased their price target 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. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $127.58.

DTE Energy 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.