NN Investment Partners Holdings N.V. lessened its position in DTE Energy Co (NYSE:DTE) by 13.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,368 shares of the utilities provider’s stock after selling 1,598 shares during the period. NN Investment Partners Holdings N.V.’s holdings in DTE Energy were worth $1,131,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of DTE. ELM Advisors LLC acquired a new position in DTE Energy in the 3rd quarter worth about $120,000. Valeo Financial Advisors LLC increased its holdings in DTE Energy by 89.3% in the 2nd quarter. Valeo Financial Advisors LLC now owns 1,550 shares of the utilities provider’s stock worth $172,000 after purchasing an additional 731 shares in the last quarter. Polaris Greystone Financial Group LLC acquired a new position in DTE Energy in the 3rd quarter worth about $193,000. Truvestments Capital LLC acquired a new position in DTE Energy in the 2nd quarter worth about $207,000. Finally, Piedmont Investment Advisors LLC acquired a new position in DTE Energy in the 2nd quarter worth about $220,000. 71.13% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have issued reports on the company. Bank of America upped their target price on DTE Energy from $101.00 to $105.00 and gave the stock a “neutral” rating in a report on Thursday, October 25th. Credit Suisse Group cut DTE Energy from a “neutral” rating to an “underperform” rating and upped their target price for the stock from $109.00 to $111.00 in a report on Thursday, October 25th. Wells Fargo & Co upped their target price on DTE Energy from $118.00 to $120.00 and gave the stock a “market perform” rating in a report on Thursday, October 25th. Zacks Investment Research cut DTE Energy from a “buy” rating to a “hold” rating in a report on Wednesday, October 10th. Finally, Wolfe Research cut DTE Energy from an “outperform” rating to a “hold” rating in a report on Friday, October 26th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. DTE Energy currently has an average rating of “Hold” and a consensus target price of $114.36.
DTE Energy (NYSE:DTE) last released its earnings results on Wednesday, October 24th. The utilities provider reported $2.13 EPS for the quarter, topping the consensus estimate of $1.74 by $0.39. DTE Energy had a return on equity of 11.61% and a net margin of 8.85%. The business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.29 billion. During the same quarter last year, the firm posted $1.48 earnings per share. As a group, research analysts predict that DTE Energy Co will post 6.3 earnings per share for the current year.
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DTE Energy Company Profile
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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