Toronto Dominion Bank Acquires 12,350 Shares of DTE Energy Company (DTE)

Toronto Dominion Bank lifted its stake in DTE Energy Company (NYSE:DTE) by 25.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 60,769 shares of the utilities provider’s stock after purchasing an additional 12,350 shares during the period. Toronto Dominion Bank’s holdings in DTE Energy were worth $6,427,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Virginia Retirement Systems ET AL increased its holdings in shares of DTE Energy by 171.2% in the second quarter. Virginia Retirement Systems ET AL now owns 17,900 shares of the utilities provider’s stock valued at $1,894,000 after purchasing an additional 11,300 shares in the last quarter. Swiss National Bank increased its holdings in shares of DTE Energy by 9.9% in the second quarter. Swiss National Bank now owns 698,625 shares of the utilities provider’s stock valued at $73,908,000 after purchasing an additional 62,900 shares in the last quarter. GAM Holding AG increased its holdings in shares of DTE Energy by 27.0% in the second quarter. GAM Holding AG now owns 24,877 shares of the utilities provider’s stock valued at $2,632,000 after purchasing an additional 5,291 shares in the last quarter. Shell Asset Management Co. increased its holdings in shares of DTE Energy by 1.9% in the second quarter. Shell Asset Management Co. now owns 16,404 shares of the utilities provider’s stock valued at $1,735,000 after purchasing an additional 300 shares in the last quarter. Finally, Neuberger Berman Group LLC increased its holdings in shares of DTE Energy by 0.4% in the second quarter. Neuberger Berman Group LLC now owns 775,387 shares of the utilities provider’s stock valued at $82,028,000 after purchasing an additional 2,997 shares in the last quarter. 68.56% of the stock is owned by institutional investors and hedge funds.

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In related news, insider Larry E. Steward sold 9,999 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $107.52, for a total transaction of $1,075,092.48. Following the completion of the sale, the insider now owns 39,698 shares in the company, valued at $4,268,328.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark W. Stiers sold 3,632 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $110.03, for a total transaction of $399,628.96. Following the sale, the insider now owns 25,257 shares of the company’s stock, valued at approximately $2,779,027.71. The disclosure for this sale can be found here. Company insiders own 0.53% of the company’s stock.

DTE Energy Company (NYSE:DTE) traded up 0.64% during midday trading on Friday, reaching $110.83. 872,029 shares of the company traded hands. The company has a 50 day moving average of $109.96 and a 200-day moving average of $108.12. DTE Energy Company has a 12-month low of $89.66 and a 12-month high of $113.71. The stock has a market capitalization of $19.88 billion, a P/E ratio of 19.08 and a beta of 0.20.

DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Wednesday, October 25th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.05). DTE Energy had a return on equity of 9.56% and a net margin of 8.01%. The company had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $2.80 billion. During the same quarter last year, the business posted $1.96 EPS. The business’s quarterly revenue was up 10.8% on a year-over-year basis. Equities analysts anticipate that DTE Energy Company will post $5.49 EPS for the current fiscal year.

A number of equities analysts have issued reports on the stock. Bank of America Corporation assumed coverage on shares of DTE Energy in a research note on Tuesday. They issued an “underperform” rating and a $112.00 price objective on the stock. 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 reaffirmed a “buy” rating and issued a $113.00 price objective on shares of DTE Energy in a research note 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. Finally, Credit Suisse Group reduced their price target on shares of DTE Energy from $113.00 to $112.00 and set a “neutral” rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $111.50.

DTE Energy Company Profile

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

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