NTV Asset Management LLC Sells 300 Shares of DTE Energy Company $DTE

NTV Asset Management LLC lowered its stake in shares of DTE Energy Company (NYSE:DTE) by 14.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,820 shares of the utilities provider’s stock after selling 300 shares during the quarter. NTV Asset Management LLC’s holdings in DTE Energy were worth $241,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Northern Trust Corp lifted its position in shares of DTE Energy by 0.5% during the first quarter. Northern Trust Corp now owns 1,836,832 shares of the utilities provider’s stock worth $253,979,000 after purchasing an additional 9,664 shares in the last quarter. Goldman Sachs Group Inc. raised its position in DTE Energy by 65.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,612,925 shares of the utilities provider’s stock worth $223,019,000 after purchasing an additional 637,378 shares during the last quarter. JPMorgan Chase & Co. boosted its position in DTE Energy by 57.4% in the 1st quarter. JPMorgan Chase & Co. now owns 1,405,516 shares of the utilities provider’s stock valued at $194,341,000 after buying an additional 512,567 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in DTE Energy by 0.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,316,107 shares of the utilities provider’s stock valued at $181,978,000 after buying an additional 9,443 shares during the last quarter. Finally, Royal Bank of Canada raised its position in shares of DTE Energy by 1.2% during the first quarter. Royal Bank of Canada now owns 1,173,220 shares of the utilities provider’s stock worth $162,221,000 after acquiring an additional 13,884 shares during the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

Insiders Place Their Bets

In other DTE Energy news, VP Lisa A. Muschong sold 1,600 shares of the business’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $140.53, for a total value of $224,848.00. Following the completion of the transaction, the vice president directly owned 4,153 shares of the company’s stock, valued at approximately $583,621.09. The trade was a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.33% of the company’s stock.

DTE Energy Stock Up 0.5%

DTE Energy stock opened at $140.02 on Friday. The firm has a market capitalization of $29.07 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 2.78 and a beta of 0.42. The company’s 50 day simple moving average is $138.02 and its 200 day simple moving average is $135.69. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.94 and a quick ratio of 0.57. DTE Energy Company has a fifty-two week low of $115.59 and a fifty-two week high of $142.05.

DTE Energy (NYSE:DTE) last posted its earnings results on Tuesday, July 29th. The utilities provider reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.01). The firm had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.67 billion. DTE Energy had a return on equity of 12.72% and a net margin of 10.16%. As a group, sell-side analysts anticipate that DTE Energy Company will post 7.18 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wall Street Zen upgraded DTE Energy from a “sell” rating to a “hold” rating in a report on Friday. BMO Capital Markets raised their target price on shares of DTE Energy from $140.00 to $144.00 and gave the company a “market perform” rating in a research note on Monday, August 25th. Morgan Stanley lowered their price target on shares of DTE Energy from $140.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. Weiss Ratings restated a “buy (b-)” rating on shares of DTE Energy in a report on Saturday, September 27th. Finally, Scotiabank reaffirmed a “sector perform” rating and set a $147.00 target price on shares of DTE Energy in a report on Friday. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $144.00.

About DTE Energy

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets.