Engineers Gate Manager LP Takes Position in DTE Energy Co (DTE)

Engineers Gate Manager LP acquired a new position in shares of DTE Energy Co (NYSE:DTE) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 32,017 shares of the utilities provider’s stock, valued at approximately $3,494,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Signition LP purchased a new stake in shares of DTE Energy during the 3rd quarter worth approximately $933,000. Victory Capital Management Inc. increased its position in shares of DTE Energy by 0.4% during the 3rd quarter. Victory Capital Management Inc. now owns 1,769,311 shares of the utilities provider’s stock valued at $193,085,000 after purchasing an additional 6,399 shares during the last quarter. Perella Weinberg Partners Capital Management LP bought a new position in shares of DTE Energy during the 3rd quarter valued at approximately $1,175,000. Robeco Institutional Asset Management B.V. increased its position in shares of DTE Energy by 1.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 805,320 shares of the utilities provider’s stock valued at $87,926,000 after purchasing an additional 10,263 shares during the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of DTE Energy by 221.8% during the 3rd quarter. Acadian Asset Management LLC now owns 37,929 shares of the utilities provider’s stock valued at $4,138,000 after purchasing an additional 26,142 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on the company. Bank of America boosted their target price on DTE Energy from $101.00 to $105.00 and gave the company a “neutral” rating in a research report on Thursday, October 25th. Credit Suisse Group downgraded DTE Energy from a “neutral” rating to an “underperform” rating and boosted their target price for the company from $109.00 to $111.00 in a research report on Thursday, October 25th. Wells Fargo & Co boosted their target price on DTE Energy from $118.00 to $120.00 and gave the company a “market perform” rating in a research report on Thursday, October 25th. Zacks Investment Research downgraded DTE Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 10th. Finally, Wolfe Research downgraded DTE Energy from an “outperform” rating to a “hold” rating in a research report on Friday, October 26th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $114.36.

NYSE DTE opened at $111.38 on Monday. The company has a market cap of $20.26 billion, a PE ratio of 16.72, a P/E/G ratio of 2.95 and a beta of 0.04. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.10 and a current ratio of 1.47. DTE Energy Co has a fifty-two week low of $94.25 and a fifty-two week high of $118.22.

DTE Energy (NYSE:DTE) last announced its quarterly earnings data on Wednesday, October 24th. The utilities provider reported $2.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.74 by $0.39. The company had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.29 billion. DTE Energy had a return on equity of 11.61% and a net margin of 8.85%. During the same quarter in the prior year, the company posted $1.48 EPS. On average, equities analysts expect that DTE Energy Co will post 6.3 earnings per share for the current year.

In other DTE Energy news, Chairman Gerard M. Anderson sold 10,000 shares of the company’s stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $110.18, for a total value of $1,101,800.00. Following the transaction, the chairman now owns 84,858 shares of the company’s stock, valued at approximately $9,349,654.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.59% of the company’s stock.

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.

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

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