Janus Henderson Group PLC Has $174.10 Million Position in DTE Energy Company (DTE)

Janus Henderson Group PLC boosted its position in DTE Energy Company (NYSE:DTE) by 7,495.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,645,752 shares of the utilities provider’s stock after purchasing an additional 1,624,083 shares during the quarter. Janus Henderson Group PLC owned about 0.92% of DTE Energy worth $174,104,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of DTE. Credit Agricole S A increased its stake in DTE Energy by 0.4% during the 1st quarter. Credit Agricole S A now owns 83,296 shares of the utilities provider’s stock valued at $8,504,000 after buying an additional 342 shares during the period. Van ECK Associates Corp grew its stake in shares of DTE Energy by 18.0% in the 1st quarter. Van ECK Associates Corp now owns 1,551 shares of the utilities provider’s stock worth $158,000 after purchasing an additional 237 shares during the last quarter. United Services Automobile Association grew its stake in shares of DTE Energy by 11.2% in the 1st quarter. United Services Automobile Association now owns 64,172 shares of the utilities provider’s stock worth $6,553,000 after purchasing an additional 6,453 shares during the last quarter. OppenheimerFunds Inc. grew its stake in shares of DTE Energy by 9.0% in the 1st quarter. OppenheimerFunds Inc. now owns 13,766 shares of the utilities provider’s stock worth $1,406,000 after purchasing an additional 1,136 shares during the last quarter. Finally, Advantus Capital Management Inc grew its stake in shares of DTE Energy by 11.9% in the 1st quarter. Advantus Capital Management Inc now owns 43,721 shares of the utilities provider’s stock worth $4,464,000 after purchasing an additional 4,635 shares during the last quarter. Hedge funds and other institutional investors own 68.55% of the company’s stock.

In related news, insider Mark W. Stiers sold 3,632 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $110.03, for a total transaction of $399,628.96. Following the completion of the transaction, the insider now owns 25,257 shares of the company’s stock, valued at approximately $2,779,027.71. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Larry E. Steward sold 9,999 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $107.52, for a total value of $1,075,092.48. Following the transaction, the insider now directly owns 39,698 shares of the company’s stock, valued at approximately $4,268,328.96. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,631 shares of company stock valued at $2,756,681. 0.53% of the stock is currently owned by company insiders.

Several brokerages have recently issued reports on DTE. Jefferies Group LLC reaffirmed a “buy” rating and issued a $121.00 price objective on shares of DTE Energy in a research note on Tuesday, August 29th. KeyCorp reissued a “buy” rating and issued a $113.00 target price on shares of DTE Energy in a research report on Sunday, August 27th. BidaskClub raised shares of DTE Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Zacks Investment Research cut shares of DTE Energy from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, BMO Capital Markets restated a “hold” rating and set a $111.00 price target on shares of DTE Energy in a report on Friday, July 28th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $108.63.

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Shares of DTE Energy Company (DTE) traded up 0.03% during trading on Tuesday, reaching $109.66. 103,160 shares of the company were exchanged. The company has a 50 day moving average price of $110.02 and a 200-day moving average price of $107.63. The stock has a market capitalization of $19.67 billion, a price-to-earnings ratio of 18.88 and a beta of 0.20. DTE Energy Company has a one year low of $89.66 and a one year high of $113.71.

DTE Energy (NYSE:DTE) last released its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.08. DTE Energy had a return on equity of 10.67% and a net margin of 8.80%. The business had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter last year, the business posted $0.98 EPS. The business’s revenue was up 26.2% on a year-over-year basis. Equities analysts predict that DTE Energy Company will post $5.42 EPS for the current year.

About DTE Energy

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

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