DTE Energy Company $DTE Holdings Decreased by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its position in DTE Energy Company (NYSE:DTE) by 0.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,583 shares of the utilities provider’s stock after selling 133 shares during the quarter. Yousif Capital Management LLC’s holdings in DTE Energy were worth $4,448,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Cloud Capital Management LLC bought a new stake in shares of DTE Energy in the 1st quarter valued at approximately $25,000. Quintet Private Bank Europe S.A. bought a new position in DTE Energy during the 2nd quarter worth $25,000. Olde Wealth Management LLC bought a new position in DTE Energy during the 1st quarter worth $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in DTE Energy during the 1st quarter worth $28,000. Finally, SouthState Corp bought a new position in DTE Energy during the 1st quarter worth $29,000. 76.06% of the stock is currently owned by institutional investors.

DTE Energy Trading Up 0.6%

Shares of DTE stock opened at $142.46 on Thursday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.57 and a current ratio of 0.94. DTE Energy Company has a 1 year low of $115.59 and a 1 year high of $143.79. The stock has a fifty day moving average of $138.49 and a two-hundred day moving average of $135.99. The firm has a market capitalization of $29.57 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 3.03 and a beta of 0.42.

DTE Energy (NYSE:DTE) last announced its quarterly earnings results on Tuesday, July 29th. The utilities provider reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.01). DTE Energy had a return on equity of 12.72% and a net margin of 10.16%.The business had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.67 billion. As a group, research analysts expect that DTE Energy Company will post 7.18 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on DTE shares. JPMorgan Chase & Co. upped their price objective on DTE Energy from $145.00 to $147.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 15th. Wall Street Zen downgraded DTE Energy from a “hold” rating to a “sell” rating in a research note on Saturday, October 11th. BMO Capital Markets upped their price objective on DTE Energy from $140.00 to $144.00 and gave the stock a “market perform” rating in a research note on Monday, August 25th. UBS Group upped their price objective on DTE Energy from $148.00 to $158.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of DTE Energy in a research note on Wednesday, October 8th. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $146.08.

Insider Transactions at DTE Energy

In other DTE Energy news, VP Lisa A. Muschong sold 1,600 shares of the business’s stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $140.53, for a total transaction of $224,848.00. Following the completion of the transaction, the vice president owned 4,153 shares in the company, valued at approximately $583,621.09. The trade was a 27.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.33% of the company’s stock.

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.