Peddock Capital Advisors LLC Sells 184 Shares of DTE Energy Co (NYSE:DTE)

Peddock Capital Advisors LLC reduced its stake in shares of DTE Energy Co (NYSE:DTE) by 3.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,573 shares of the utilities provider’s stock after selling 184 shares during the quarter. Peddock Capital Advisors LLC’s holdings in DTE Energy were worth $608,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in DTE. BlackRock Inc. grew its stake in shares of DTE Energy by 7.2% during the second quarter. BlackRock Inc. now owns 15,596,423 shares of the utilities provider’s stock valued at $1,994,469,000 after buying an additional 1,047,518 shares during the last quarter. Nuveen Asset Management LLC grew its stake in shares of DTE Energy by 572.8% during the second quarter. Nuveen Asset Management LLC now owns 929,167 shares of the utilities provider’s stock valued at $118,822,000 after buying an additional 791,069 shares during the last quarter. LSV Asset Management grew its stake in shares of DTE Energy by 1,890.9% during the second quarter. LSV Asset Management now owns 318,540 shares of the utilities provider’s stock valued at $40,734,000 after buying an additional 302,540 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of DTE Energy by 1.3% during the second quarter. Vanguard Group Inc. now owns 21,203,264 shares of the utilities provider’s stock valued at $2,711,474,000 after buying an additional 272,213 shares during the last quarter. Finally, California Public Employees Retirement System grew its stake in shares of DTE Energy by 18.9% during the second quarter. California Public Employees Retirement System now owns 1,337,274 shares of the utilities provider’s stock valued at $171,011,000 after buying an additional 212,233 shares during the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

In other DTE Energy news, Chairman Gerard M. Anderson sold 11,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $128.02, for a total transaction of $1,472,230.00. Following the transaction, the chairman now owns 80,406 shares in the company, valued at approximately $10,293,576.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Mark W. Stiers sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $131.00, for a total value of $1,310,000.00. Following the transaction, the chief operating officer now owns 17,111 shares in the company, valued at approximately $2,241,541. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by corporate insiders.

NYSE:DTE traded down $0.02 during mid-day trading on Wednesday, reaching $129.02. 497,804 shares of the company’s stock traded hands, compared to its average volume of 1,243,352. DTE Energy Co has a 12-month low of $107.22 and a 12-month high of $134.37. The firm has a market capitalization of $23.81 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 3.48 and a beta of 0.21. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.75 and a quick ratio of 0.54. The company has a 50 day moving average price of $130.67 and a 200-day moving average price of $128.18.

DTE Energy (NYSE:DTE) last posted its earnings results on Wednesday, July 24th. The utilities provider reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.10). DTE Energy had a return on equity of 10.33% and a net margin of 8.09%. The firm had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter last year, the company posted $1.36 EPS. As a group, analysts forecast that DTE Energy Co will post 6.22 EPS for the current year.

A number of brokerages recently issued reports on DTE. Barclays restated a “hold” rating and set a $131.00 price target on shares of DTE Energy in a report on Thursday, June 20th. JPMorgan Chase & Co. began coverage on DTE Energy in a report on Tuesday, October 8th. They set a “neutral” rating and a $144.00 price target on the stock. ValuEngine downgraded DTE Energy from a “buy” rating to a “hold” rating in a report on Saturday, August 10th. Mizuho upgraded DTE Energy from a “neutral” rating to a “buy” rating and boosted their price target for the company from $131.00 to $137.00 in a report on Monday, October 7th. Finally, Wells Fargo & Co upgraded DTE Energy from a “market perform” rating to an “outperform” rating and set a $145.00 price target on the stock in a report on Monday, August 26th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $130.42.

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

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