Teachers Retirement System of The State of Kentucky Decreases Stake in DTE Energy (NYSE:DTE)

Teachers Retirement System of The State of Kentucky lowered its holdings in DTE Energy (NYSE:DTEGet Rating) by 4.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,693 shares of the utilities provider’s stock after selling 595 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in DTE Energy were worth $1,810,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. Rehmann Capital Advisory Group purchased a new position in shares of DTE Energy in the first quarter worth $217,000. Mirae Asset Global Investments Co. Ltd. increased its position in DTE Energy by 959.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 130,366 shares of the utilities provider’s stock valued at $17,236,000 after acquiring an additional 118,059 shares during the last quarter. Beaird Harris Wealth Management LLC increased its position in DTE Energy by 12.6% during the first quarter. Beaird Harris Wealth Management LLC now owns 895 shares of the utilities provider’s stock valued at $118,000 after acquiring an additional 100 shares during the last quarter. Midwest Wealth Management Inc. increased its position in DTE Energy by 6.4% during the first quarter. Midwest Wealth Management Inc. now owns 11,683 shares of the utilities provider’s stock valued at $1,545,000 after acquiring an additional 707 shares during the last quarter. Finally, Advisory Services Network LLC increased its position in DTE Energy by 8.3% during the first quarter. Advisory Services Network LLC now owns 14,120 shares of the utilities provider’s stock valued at $1,866,000 after acquiring an additional 1,088 shares during the last quarter. Hedge funds and other institutional investors own 73.80% of the company’s stock.

Insider Transactions at DTE Energy

In other news, SVP Joann Chavez sold 1,000 shares of the company’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $135.62, for a total value of $135,620.00. Following the completion of the transaction, the senior vice president now owns 9,657 shares of the company’s stock, valued at $1,309,682.34. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other DTE Energy news, SVP Joann Chavez sold 1,000 shares of DTE Energy stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $135.62, for a total value of $135,620.00. Following the sale, the senior vice president now owns 9,657 shares of the company’s stock, valued at approximately $1,309,682.34. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Robert A. Richard sold 2,900 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $130.31, for a total value of $377,899.00. Following the transaction, the executive vice president now owns 18,046 shares of the company’s stock, valued at $2,351,574.26. The disclosure for this sale can be found here. Insiders sold a total of 5,700 shares of company stock valued at $747,753 over the last 90 days. Company insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DTE. Mizuho reduced their price objective on DTE Energy from $137.00 to $130.00 and set a “buy” rating for the company in a research report on Monday, July 11th. Barclays reduced their price objective on DTE Energy from $141.00 to $131.00 and set an “equal weight” rating for the company in a research report on Monday, July 18th. Credit Suisse Group upped their price objective on DTE Energy to $140.00 in a research report on Tuesday, August 9th. Finally, Morgan Stanley upped their price target on DTE Energy from $131.00 to $141.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 23rd. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $132.90.

DTE Energy Stock Performance

Shares of DTE opened at $126.59 on Thursday. The stock has a market cap of $24.53 billion, a price-to-earnings ratio of 32.29, a PEG ratio of 3.62 and a beta of 0.60. The company has a quick ratio of 0.47, a current ratio of 0.59 and a debt-to-equity ratio of 1.82. The business has a 50-day simple moving average of $130.79 and a two-hundred day simple moving average of $129.89. DTE Energy has a 52 week low of $108.22 and a 52 week high of $140.23.

DTE Energy (NYSE:DTEGet Rating) last released its quarterly earnings data on Thursday, July 28th. The utilities provider reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.14). DTE Energy had a return on equity of 13.31% and a net margin of 4.27%. During the same period in the prior year, the business posted $1.70 earnings per share. On average, analysts expect that DTE Energy will post 6.02 EPS for the current year.

DTE Energy Profile

(Get Rating)

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.3 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets.

Featured Articles

Institutional Ownership by Quarter for DTE Energy (NYSE:DTE)

Receive News & Ratings for DTE Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DTE Energy and related companies with MarketBeat.com's FREE daily email newsletter.