DTE Energy Company (DTE) Shares Sold by HighVista Strategies LLC
HighVista Strategies LLC reduced its stake in DTE Energy Company (NYSE:DTE) by 70.6% during the second quarter, according to its most recent filing with the SEC. The fund owned 4,000 shares of the utilities provider’s stock after selling 9,600 shares during the quarter. HighVista Strategies LLC’s holdings in DTE Energy were worth $423,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of DTE. UBS Asset Management Americas Inc. boosted its holdings in shares of DTE Energy by 1.6% in the 1st quarter. UBS Asset Management Americas Inc. now owns 602,604 shares of the utilities provider’s stock worth $61,532,000 after buying an additional 9,340 shares during the last quarter. Virginia Retirement Systems ET AL bought a new stake in DTE Energy in the 1st quarter valued at about $674,000. Pacer Advisors Inc. raised its stake in DTE Energy by 3.3% in the 1st quarter. Pacer Advisors Inc. now owns 3,425 shares of the utilities provider’s stock valued at $350,000 after acquiring an additional 110 shares during the period. Stifel Financial Corp raised its stake in DTE Energy by 3.6% in the 1st quarter. Stifel Financial Corp now owns 47,024 shares of the utilities provider’s stock valued at $4,800,000 after acquiring an additional 1,635 shares during the period. Finally, Glenview Trust Co raised its stake in DTE Energy by 4.2% in the 1st quarter. Glenview Trust Co now owns 41,984 shares of the utilities provider’s stock valued at $4,287,000 after acquiring an additional 1,679 shares during the period. 68.58% of the stock is currently owned by institutional investors.
A number of brokerages recently issued reports on DTE. Jefferies Group LLC restated a “buy” rating and issued a $121.00 price objective on shares of DTE Energy in a research note on Tuesday, August 29th. KeyCorp restated a “buy” rating and issued a $113.00 price objective on shares of DTE Energy in a research note on Sunday, August 27th. BidaskClub upgraded DTE Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Zacks Investment Research cut DTE Energy from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, BMO Capital Markets restated a “hold” rating and issued a $111.00 price objective on shares of DTE Energy in a research note on Friday, July 28th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $109.44.
In other news, insider Larry E. Steward sold 9,999 shares of DTE Energy stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $107.52, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Gerard M. Anderson sold 12,000 shares of DTE Energy stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $106.83, for a total value of $1,281,960.00. Following the transaction, the chairman now directly owns 80,000 shares in the company, valued at $8,546,400. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,631 shares of company stock worth $2,756,681. Insiders own 0.53% of the company’s stock.
Shares of DTE Energy Company (DTE) traded down 0.28% during midday trading on Friday, hitting $107.36. The stock had a trading volume of 884,040 shares. The firm has a market cap of $19.26 billion, a price-to-earnings ratio of 18.48 and a beta of 0.22. DTE Energy Company has a 12 month low of $89.66 and a 12 month high of $113.71. The stock’s 50 day moving average price is $110.59 and its 200 day moving average price is $106.68.
DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.07 earnings per share for the quarter, beating the Zacks’ 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 firm had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same period in the previous year, the firm earned $0.98 EPS. The business’s quarterly revenue was up 26.2% on a year-over-year basis. On average, equities analysts forecast that DTE Energy Company will post $5.42 EPS for the current fiscal year.
About DTE Energy
Want to see what other hedge funds are holding DTE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DTE Energy Company (NYSE:DTE).
Receive News & Stock Ratings for DTE Energy Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DTE Energy Company and related stocks with our FREE daily email newsletter.