November 28, 2016 - By Marguerite Chambers · 0 Comments
Dte Energy Co (NYSE:DTE) institutional sentiment increased to 1.48 in Q2 2016. Its up 0.27, from 1.21 in 2016Q1. The ratio has improved, as 225 funds increased or started new stock positions, while 186 reduced and sold their stakes in Dte Energy Co. The funds in our partner’s database now hold: 115.66 million shares, down from 119.95 million shares in 2016Q1. Also, the number of funds holding Dte Energy Co in their top 10 stock positions was flat from 3 to 3 for the same number . Sold All: 38 Reduced: 148 Increased: 175 New Position: 50.
DTE Energy Company is a diversified energy company. The company has a market cap of $17.12 billion. The Company’s utility activities consist primarily of DTE Electric Company (DTE Electric) and DTE Gas Company (DTE Gas). It has a 20.71 P/E ratio. The Company’s divisions include Electric, Gas, Gas Storage and Pipelines, Power and Industrial Projects, Energy Trading, and Corporate and Other.
The stock closed at $94.03 during the last session. It is down 9.00% since April 25, 2016 and is uptrending. It has outperformed by 2.98% the S&P500.
Analysts await DTE Energy Co (NYSE:DTE) to report earnings on February, 8. They expect $0.82 EPS, down 18.81% or $0.19 from last year’s $1.01 per share. DTE’s profit will be $149.30M for 28.67 P/E if the $0.82 EPS becomes a reality. After $1.96 actual EPS reported by DTE Energy Co for the previous quarter, Wall Street now forecasts -58.16% negative EPS growth.
According to Zacks Investment Research, “DTE Energy is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its largest operating units are Detroit Edison, an electric utility serving 2.1 million customers in Southeastern Michigan, and MichCon, a natural gas utility serving 1.2 million customers in Michigan. Detroit Edison is the Company’s principal operating subsidiary. Affiliates of the Company are engaged in non-regulated businesses, including energy-related services and products.”
Clenar Muke Llc holds 11.72% of its portfolio in DTE Energy Co for 163,285 shares. Reaves W H & Co Inc owns 1.54 million shares or 5.33% of their US portfolio. Moreover, Duff & Phelps Investment Management Co has 2.39% invested in the company for 1.61 million shares. The California-based Denali Advisors Llc has invested 1.74% in the stock. L & S Advisors Inc, a California-based fund reported 74,837 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 3 insider sales for $3.22 million net activity.
Ratings analysis reveals 100% of Dte Energy Company’s analysts are positive. Out of 4 Wall Street analysts rating Dte Energy Company, 4 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $52 while the high is $112. The stock’s average target of $96.25 is 2.36% above today’s ($94.03) share price. DTE was included in 10 notes of analysts from July 28, 2015. The firm has “Overweight” rating given on Wednesday, January 13 by Barclays Capital. The rating was maintained by Barclays Capital with “Overweight” on Thursday, April 7. Jefferies initiated the stock with “Buy” rating in Monday, November 14 report. The company was maintained on Thursday, September 29 by UBS. Bank of America upgraded DTE Energy Co (NYSE:DTE) on Tuesday, November 22 to “Buy” rating.
DTE Energy Company (DTE Energy), incorporated on January 26, 1995, is a diversified energy company. The Company’s divisions are Electric, Gas, Gas Storage and Pipelines, Power and Industrial Projects, Energy Trading, and Corporate and Other. DTE Energy’s utility activities consist primarily of DTE Electric Company (DTE Electric) and DTE Gas Company (DTE Gas).
More notable recent DTE Energy Co (NYSE:DTE) news were published by: Nasdaq.com which released: “Notable ETF Inflow Detected – SPLV, D, DTE, XEL” on April 10, 2014, also Prnewswire.com with their article: “DTE Energy Warns that Falling Temps Increase Carbon Monoxide Danger” published on November 23, 2016, Prnewswire.com published: “DTE Energy matches $100000 in development grants for St. Clair, Harbor Beach” on November 15, 2016. More interesting news about DTE Energy Co (NYSE:DTE) were released by: Prnewswire.com and their article: “DTE Energy to purchase natural gas midstream assets” published on September 26, 2016 as well as Forbes.com‘s news article titled: “December 16th Options Now Available For DTE Energy” with publication date: October 24, 2016.
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By Marguerite Chambers