Tower Research Capital LLC TRC Acquires 5,642 Shares of DTE Energy Co (NYSE:DTE)

Share on StockTwits

Tower Research Capital LLC TRC increased its position in shares of DTE Energy Co (NYSE:DTE) by 407.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,026 shares of the utilities provider’s stock after buying an additional 5,642 shares during the period. Tower Research Capital LLC TRC’s holdings in DTE Energy were worth $728,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. raised its position in DTE Energy by 4.9% during the first quarter. BlackRock Inc. now owns 15,776,320 shares of the utilities provider’s stock worth $1,647,046,000 after acquiring an additional 740,198 shares during the period. Victory Capital Management Inc. raised its position in DTE Energy by 3.6% during the second quarter. Victory Capital Management Inc. now owns 1,762,912 shares of the utilities provider’s stock worth $182,690,000 after acquiring an additional 61,449 shares during the period. Legal & General Group Plc raised its position in DTE Energy by 8.7% during the second quarter. Legal & General Group Plc now owns 1,744,677 shares of the utilities provider’s stock worth $180,833,000 after acquiring an additional 139,879 shares during the period. Boston Partners raised its position in DTE Energy by 2.6% during the second quarter. Boston Partners now owns 1,645,851 shares of the utilities provider’s stock worth $170,560,000 after acquiring an additional 42,027 shares during the period. Finally, Millennium Management LLC raised its position in shares of DTE Energy by 210.7% in the first quarter. Millennium Management LLC now owns 1,548,620 shares of the utilities provider’s stock valued at $161,676,000 after buying an additional 1,050,142 shares during the last quarter. 70.93% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Peter B. Oleksiak sold 1,000 shares of DTE Energy stock in a transaction that occurred on Tuesday, July 31st. The shares were sold at an average price of $108.39, for a total value of $108,390.00. Following the completion of the transaction, the insider now owns 28,555 shares in the company, valued at $3,095,076.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Lisa A. Muschong sold 426 shares of DTE Energy stock in a transaction that occurred on Monday, July 30th. The stock was sold at an average price of $107.49, for a total transaction of $45,790.74. Following the completion of the transaction, the vice president now owns 2,250 shares of the company’s stock, valued at approximately $241,852.50. The disclosure for this sale can be found here. In the last three months, insiders sold 15,226 shares of company stock valued at $1,674,057. Insiders own 0.59% of the company’s stock.

DTE stock traded down $0.44 during mid-day trading on Friday, hitting $110.14. 1,155,948 shares of the company were exchanged, compared to its average volume of 1,229,628. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.16 and a quick ratio of 0.89. The firm has a market cap of $19.84 billion, a PE ratio of 19.70, a price-to-earnings-growth ratio of 3.32 and a beta of 0.11. DTE Energy Co has a 12-month low of $94.25 and a 12-month high of $116.74.

DTE Energy (NYSE:DTE) last announced its earnings results on Wednesday, July 25th. The utilities provider reported $1.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.23. DTE Energy had a net margin of 8.58% and a return on equity of 10.63%. The company had revenue of $3.16 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same quarter last year, the firm posted $1.07 earnings per share. Sell-side analysts anticipate that DTE Energy Co will post 6.16 EPS for the current fiscal year.

A number of equities research analysts have recently commented on the stock. Zacks Investment Research cut shares of DTE Energy from a “buy” rating to a “hold” rating in a research report on Wednesday. Citigroup raised their price objective on shares of DTE Energy from $103.00 to $110.00 and gave the stock a “hold” rating in a research report on Monday, September 10th. Wells Fargo & Co raised their price objective on shares of DTE Energy from $113.00 to $118.00 and gave the stock a “market perform” rating in a research report on Monday, September 17th. Barclays began coverage on shares of DTE Energy in a research report on Wednesday, August 15th. They set an “equal weight” rating and a $116.00 price objective for the company. Finally, KeyCorp raised their price objective on shares of DTE Energy from $115.00 to $118.00 and gave the stock an “overweight” rating in a research report on Friday, July 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $113.73.

About DTE Energy

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.2 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.

Read More: What are the Benefits of Index Funds?

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.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.