Intech Investment Management LLC Sells 158,475 Shares of DTE Energy (NYSE:DTE)

Intech Investment Management LLC lowered its stake in shares of DTE Energy (NYSE:DTE) by 88.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,850 shares of the utilities provider’s stock after selling 158,475 shares during the quarter. Intech Investment Management LLC’s holdings in DTE Energy were worth $2,294,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund boosted its stake in DTE Energy by 0.6% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 14,962 shares of the utilities provider’s stock valued at $1,639,000 after purchasing an additional 89 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in DTE Energy by 0.3% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 32,844 shares of the utilities provider’s stock valued at $3,598,000 after purchasing an additional 95 shares during the last quarter. Capital Advisors Ltd. LLC boosted its stake in DTE Energy by 2.2% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 4,459 shares of the utilities provider’s stock valued at $491,000 after purchasing an additional 96 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in DTE Energy by 0.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 12,700 shares of the utilities provider’s stock valued at $1,397,000 after purchasing an additional 100 shares during the last quarter. Finally, Avitas Wealth Management LLC boosted its stake in DTE Energy by 0.4% during the 2nd quarter. Avitas Wealth Management LLC now owns 22,773 shares of the utilities provider’s stock valued at $2,505,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 74.72% of the company’s stock.

DTE Energy Price Performance

DTE Energy stock opened at $102.07 on Thursday. DTE Energy has a 12 month low of $90.14 and a 12 month high of $122.40. The company has a current ratio of 0.85, a quick ratio of 0.57 and a debt-to-equity ratio of 1.71. The business’s 50 day simple moving average is $99.84 and its 200 day simple moving average is $106.30. The company has a market cap of $21.05 billion, a price-to-earnings ratio of 16.87, a PEG ratio of 2.82 and a beta of 0.64.

DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $1.44 EPS for the quarter, missing the consensus estimate of $1.67 by ($0.23). DTE Energy had a net margin of 8.99% and a return on equity of 9.85%. The firm had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $3.96 billion. During the same quarter in the previous year, the company posted $1.60 EPS. Sell-side analysts forecast that DTE Energy will post 5.77 EPS for the current year.

Analyst Upgrades and Downgrades

DTE has been the subject of a number of analyst reports. Barclays initiated coverage on DTE Energy in a research note on Wednesday, August 23rd. They set an “overweight” rating and a $117.00 price target for the company. Mizuho cut their target price on DTE Energy from $121.00 to $106.00 and set a “buy” rating on the stock in a research note on Friday, November 3rd. Morgan Stanley cut their target price on DTE Energy from $118.00 to $111.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 25th. BMO Capital Markets cut their target price on DTE Energy from $109.00 to $107.00 and set a “market perform” rating on the stock in a research note on Friday, November 3rd. Finally, Guggenheim cut their target price on DTE Energy from $110.00 to $103.00 and set a “buy” rating on the stock in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, DTE Energy has a consensus rating of “Moderate Buy” and a consensus target price of $80.21.

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 2.3 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 solar assets.