Huntington National Bank Has $1.50 Million Position in DTE Energy Company (DTE)

Huntington National Bank trimmed its stake in shares of DTE Energy Company (NYSE:DTE) by 3.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,956 shares of the utilities provider’s stock after selling 487 shares during the quarter. Huntington National Bank’s holdings in DTE Energy were worth $1,498,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DTE. Dimensional Fund Advisors LP grew its stake in DTE Energy by 5.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 410,393 shares of the utilities provider’s stock worth $41,902,000 after purchasing an additional 22,638 shares in the last quarter. Paloma Partners Management Co grew its stake in DTE Energy by 95.3% during the 1st quarter. Paloma Partners Management Co now owns 9,837 shares of the utilities provider’s stock worth $1,005,000 after purchasing an additional 4,799 shares in the last quarter. Nuveen Asset Management LLC grew its stake in DTE Energy by 125.7% during the 1st quarter. Nuveen Asset Management LLC now owns 527,601 shares of the utilities provider’s stock worth $53,873,000 after purchasing an additional 293,855 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in DTE Energy by 13.3% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 44,411 shares of the utilities provider’s stock worth $4,535,000 after purchasing an additional 5,219 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in DTE Energy during the 2nd quarter worth $899,000. 68.84% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Mark W. Stiers sold 3,632 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $110.03, for a total transaction of $399,628.96. Following the completion of the sale, the insider now directly owns 25,257 shares in the company, valued at $2,779,027.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Larry E. Steward sold 9,999 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $107.52, for a total value of $1,075,092.48. Following the sale, the insider now owns 39,698 shares of the company’s stock, valued at $4,268,328.96. The disclosure for this sale can be found here. 0.53% of the stock is owned by company insiders.

Several research analysts recently commented on DTE shares. Jefferies Group LLC reissued a “buy” rating and set a $121.00 target price on shares of DTE Energy in a research note on Tuesday, August 29th. KeyCorp reissued a “buy” rating and set a $113.00 target price on shares of DTE Energy in a research note on Sunday, August 27th. BidaskClub raised DTE Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Credit Suisse Group lowered their target price on DTE Energy from $113.00 to $112.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, BMO Capital Markets reissued a “hold” rating and set a $111.00 target price on shares of DTE Energy in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $111.50.

Shares of DTE Energy Company (DTE) opened at 110.83 on Monday. DTE Energy Company has a one year low of $89.66 and a one year high of $113.71. The stock has a market capitalization of $19.88 billion, a P/E ratio of 19.08 and a beta of 0.20. The firm’s 50-day moving average price is $109.89 and its 200-day moving average price is $108.18.

DTE Energy (NYSE:DTE) last announced its earnings results on Wednesday, October 25th. The utilities provider reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.05). The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $2.80 billion. DTE Energy had a net margin of 8.01% and a return on equity of 9.56%. The firm’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.96 earnings per share. Equities research analysts anticipate that DTE Energy Company will post $5.49 EPS for the current fiscal year.

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DTE Energy Profile

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

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