Oakbrook Investments LLC Has $1.14 Million Stake in DTE Energy Co (DTE)

Oakbrook Investments LLC boosted its position in DTE Energy Co (NYSE:DTE) by 38.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,428 shares of the utilities provider’s stock after buying an additional 2,900 shares during the quarter. Oakbrook Investments LLC’s holdings in DTE Energy were worth $1,138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Northern Trust Corp boosted its stake in DTE Energy by 4.2% in the second quarter. Northern Trust Corp now owns 2,205,903 shares of the utilities provider’s stock worth $228,598,000 after buying an additional 88,227 shares in the last quarter. Victory Capital Management Inc. boosted its stake in DTE Energy by 3.6% in the second quarter. Victory Capital Management Inc. now owns 1,762,912 shares of the utilities provider’s stock worth $182,690,000 after buying an additional 61,449 shares in the last quarter. Legal & General Group Plc boosted its stake in DTE Energy by 8.7% in the second quarter. Legal & General Group Plc now owns 1,744,677 shares of the utilities provider’s stock worth $180,833,000 after buying an additional 139,879 shares in the last quarter. Boston Partners boosted its stake in DTE Energy by 2.6% in the second quarter. Boston Partners now owns 1,645,851 shares of the utilities provider’s stock worth $170,560,000 after buying an additional 42,027 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in DTE Energy by 0.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 805,938 shares of the utilities provider’s stock worth $83,519,000 after buying an additional 3,087 shares in the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

DTE opened at $114.84 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 1.47 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $20.26 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 2.95 and a beta of 0.04. DTE Energy Co has a 12-month low of $94.25 and a 12-month high of $118.22.

DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Wednesday, October 24th. The utilities provider reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.39. DTE Energy had a return on equity of 11.61% and a net margin of 8.85%. The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.29 billion. During the same quarter in the prior year, the company earned $1.48 earnings per share. On average, equities analysts predict that DTE Energy Co will post 6.3 earnings per share for the current year.

Several brokerages have issued reports on DTE. Wolfe Research lowered DTE Energy from an “outperform” rating to a “hold” rating in a research note on Friday, October 26th. Wells Fargo & Co upped their target price on DTE Energy from $118.00 to $120.00 and gave the stock a “market perform” rating in a research note on Thursday, October 25th. Bank of America increased their price objective on DTE Energy from $101.00 to $105.00 and gave the company a “neutral” rating in a research note on Thursday, October 25th. Credit Suisse Group lowered DTE Energy from a “neutral” rating to an “underperform” rating and increased their price objective for the company from $109.00 to $111.00 in a research note on Thursday, October 25th. Finally, Zacks Investment Research lowered DTE Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, October 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. DTE Energy has an average rating of “Hold” and an average target price of $114.36.

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About DTE Energy

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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