DTE Energy (NYSE:DTE) Shares Acquired by Choreo LLC

Choreo LLC boosted its holdings in DTE Energy (NYSE:DTE) by 152.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,168 shares of the utilities provider’s stock after buying an additional 3,118 shares during the quarter. Choreo LLC’s holdings in DTE Energy were worth $571,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in DTE. Ameriprise Financial Inc. boosted its position in shares of DTE Energy by 16.4% in the third quarter. Ameriprise Financial Inc. now owns 5,130,348 shares of the utilities provider’s stock worth $509,081,000 after acquiring an additional 724,561 shares during the last quarter. Barclays PLC increased its holdings in shares of DTE Energy by 29.2% during the 3rd quarter. Barclays PLC now owns 670,592 shares of the utilities provider’s stock worth $66,577,000 after buying an additional 151,507 shares during the last quarter. Invesco Ltd. boosted its holdings in DTE Energy by 6.6% in the third quarter. Invesco Ltd. now owns 2,229,189 shares of the utilities provider’s stock valued at $221,314,000 after acquiring an additional 137,960 shares during the last quarter. Adams Diversified Equity Fund Inc. purchased a new stake in DTE Energy during the third quarter valued at about $13,641,000. Finally, ING Groep NV increased its stake in DTE Energy by 307.2% during the third quarter. ING Groep NV now owns 119,884 shares of the utilities provider’s stock worth $11,902,000 after acquiring an additional 90,442 shares during the last quarter. 76.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity at DTE Energy

In other DTE Energy news, CAO Tracy J. Myrick sold 600 shares of DTE Energy stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $107.04, for a total value of $64,224.00. Following the completion of the transaction, the chief accounting officer now owns 3,462 shares of the company’s stock, valued at $370,572.48. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other DTE Energy news, CAO Tracy J. Myrick sold 600 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $107.04, for a total value of $64,224.00. Following the transaction, the chief accounting officer now owns 3,462 shares of the company’s stock, valued at $370,572.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Joann Chavez sold 6,070 shares of DTE Energy stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $109.19, for a total value of $662,783.30. Following the completion of the transaction, the senior vice president now owns 16,667 shares of the company’s stock, valued at $1,819,869.73. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,095 shares of company stock valued at $2,168,183. Corporate insiders own 0.61% of the company’s stock.

DTE Energy Price Performance

Shares of DTE stock opened at $111.91 on Friday. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.75 and a quick ratio of 0.54. DTE Energy has a 1-year low of $90.14 and a 1-year high of $116.73. The firm has a fifty day moving average of $109.41 and a two-hundred day moving average of $106.53. The firm has a market cap of $23.16 billion, a P/E ratio of 18.32, a P/E/G ratio of 2.75 and a beta of 0.64.

DTE Energy (NYSE:DTE) last announced its quarterly earnings data on Thursday, April 25th. The utilities provider reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.04). DTE Energy had a net margin of 10.36% and a return on equity of 11.53%. The firm had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.81 billion. As a group, research analysts anticipate that DTE Energy will post 6.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Guggenheim cut DTE Energy from a “buy” rating to a “neutral” rating and set a $111.00 target price for the company. in a report on Monday, January 22nd. TheStreet upgraded shares of DTE Energy from a “c+” rating to a “b-” rating in a report on Friday, March 15th. Scotiabank cut their price objective on DTE Energy from $129.00 to $120.00 and set a “sector outperform” rating on the stock in a research report on Monday, April 22nd. KeyCorp increased their target price on DTE Energy from $106.00 to $117.00 and gave the company an “overweight” rating in a research note on Thursday, January 4th. Finally, JPMorgan Chase & Co. upped their price target on DTE Energy from $118.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $115.50.

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.