Westpac Banking Corp Has $1.26 Million Holdings in DTE Energy Company (NYSE:DTE)

Westpac Banking Corp cut its holdings in DTE Energy Company (NYSE:DTE) by 63.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,929 shares of the utilities provider’s stock after selling 20,271 shares during the quarter. Westpac Banking Corp’s holdings in DTE Energy were worth $1,262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of DTE. Acadian Asset Management LLC lifted its holdings in DTE Energy by 65.3% in the first quarter. Acadian Asset Management LLC now owns 4,517 shares of the utilities provider’s stock worth $461,000 after buying an additional 1,784 shares during the period. Janney Montgomery Scott LLC lifted its holdings in DTE Energy by 4.0% in the first quarter. Janney Montgomery Scott LLC now owns 4,200 shares of the utilities provider’s stock worth $429,000 after buying an additional 163 shares during the period. Strs Ohio lifted its holdings in DTE Energy by 3.9% in the first quarter. Strs Ohio now owns 20,298 shares of the utilities provider’s stock worth $2,072,000 after buying an additional 756 shares during the period. LSV Asset Management lifted its holdings in DTE Energy by 1.3% in the first quarter. LSV Asset Management now owns 94,700 shares of the utilities provider’s stock worth $9,669,000 after buying an additional 1,200 shares during the period. Finally, Chicago Equity Partners LLC lifted its holdings in DTE Energy by 2.7% in the first quarter. Chicago Equity Partners LLC now owns 4,120 shares of the utilities provider’s stock worth $421,000 after buying an additional 110 shares during the period. Institutional investors and hedge funds own 68.58% of the company’s stock.

DTE Energy Company (DTE) opened at 108.38 on Monday. The stock has a market capitalization of $19.44 billion, a price-to-earnings ratio of 18.66 and a beta of 0.22. The company has a 50-day moving average of $110.59 and a 200-day moving average of $106.68. DTE Energy Company has a one year low of $89.66 and a one year high of $113.71.

DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.07 EPS for the quarter, topping the consensus estimate of $0.99 by $0.08. DTE Energy had a net margin of 8.80% and a return on equity of 10.67%. The company had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter in the previous year, the business posted $0.98 EPS. The firm’s revenue was up 26.2% on a year-over-year basis. On average, equities analysts forecast that DTE Energy Company will post $5.42 EPS for the current fiscal year.

DTE has been the subject of several research analyst reports. BidaskClub lowered shares of DTE Energy from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. KeyCorp restated a “buy” rating and issued a $113.00 price objective on shares of DTE Energy in a report on Sunday, August 27th. Jefferies Group LLC reiterated a “buy” rating and set a $121.00 target price on shares of DTE Energy in a report on Tuesday, August 29th. Zacks Investment Research lowered shares of DTE Energy from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, BMO Capital Markets reiterated a “hold” rating and set a $111.00 target price on shares of DTE Energy in a report on Friday, July 28th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. DTE Energy presently has an average rating of “Buy” and an average target price of $109.20.

COPYRIGHT VIOLATION NOTICE: This story was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this story on another website, it was illegally copied and reposted in violation of international trademark and copyright legislation. The correct version of this story can be viewed at https://ledgergazette.com/2017/09/25/dte-energy-company-dte-holdings-trimmed-by-westpac-banking-corp.html.

In other news, Chairman Gerard M. Anderson sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $106.83, for a total transaction of $1,281,960.00. Following the completion of the sale, the chairman now owns 80,000 shares in the company, valued at approximately $8,546,400. The sale was disclosed in a legal filing with the Secur

A number of other institutional investors and hedge funds also recently modified their holdings of DTE. Acadian Asset Management LLC lifted its holdings in DTE Energy by 65.3% in the first quarter. Acadian Asset Management LLC now owns 4,517 shares of the utilities provider’s stock worth $461,000 after buying an additional 1,784 shares during the period. Janney Montgomery Scott LLC lifted its holdings in DTE Energy by 4.0% in the first quarter. Janney Montgomery Scott LLC now owns 4,200 shares of the utilities provider’s stock worth $429,000 after buying an additional 163 shares during the period. Strs Ohio lifted its holdings in DTE Energy by 3.9% in the first quarter. Strs Ohio now owns 20,298 shares of the utilities provider’s stock worth $2,072,000 after buying an additional 756 shares during the period. LSV Asset Management lifted its holdings in DTE Energy by 1.3% in the first quarter. LSV Asset Management now owns 94,700 shares of the utilities provider’s stock worth $9,669,000 after buying an additional 1,200 shares during the period. Finally, Chicago Equity Partners LLC lifted its holdings in DTE Energy by 2.7% in the first quarter. Chicago Equity Partners LLC now owns 4,120 shares of the utilities provider’s stock worth $421,000 after buying an additional 110 shares during the period. Institutional investors and hedge funds own 68.58% of the company’s stock.

DTE Energy Company (DTE) opened at 108.38 on Monday. The stock has a market capitalization of $19.44 billion, a price-to-earnings ratio of 18.66 and a beta of 0.22. The company has a 50-day moving average of $110.59 and a 200-day moving average of $106.68. DTE Energy Company has a one year low of $89.66 and a one year high of $113.71.

DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.07 EPS for the quarter, topping the consensus estimate of $0.99 by $0.08. DTE Energy had a net margin of 8.80% and a return on equity of 10.67%. The company had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter in the previous year, the business posted $0.98 EPS. The firm’s revenue was up 26.2% on a year-over-year basis. On average, equities analysts forecast that DTE Energy Company will post $5.42 EPS for the current fiscal year.

DTE has been the subject of several research analyst reports. BidaskClub lowered shares of DTE Energy from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. KeyCorp restated a “buy” rating and issued a $113.00 price objective on shares of DTE Energy in a report on Sunday, August 27th. Jefferies Group LLC reiterated a “buy” rating and set a $121.00 target price on shares of DTE Energy in a report on Tuesday, August 29th. Zacks Investment Research lowered shares of DTE Energy from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, BMO Capital Markets reiterated a “hold” rating and set a $111.00 target price on shares of DTE Energy in a report on Friday, July 28th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. DTE Energy presently has an average rating of “Buy” and an average target price of $109.20.

COPYRIGHT VIOLATION NOTICE: This story was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this story on another website, it was illegally copied and reposted in violation of international trademark and copyright legislation. The correct version of this story can be viewed at https://ledgergazette.com/2017/09/25/dte-energy-company-dte-holdings-trimmed-by-westpac-banking-corp.html.

In other news, Chairman Gerard M. Anderson sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $106.83, for a total transaction of $1,281,960.00. Following the completion of the sale, the chairman now owns 80,000 shares in the company, valued at approximately $8,546,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark W. Stiers sold 3,632 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $110.03, for a total transaction of $399,628.96. Following the sale, the insider now owns 25,257 shares of the company’s stock, valued at approximately $2,779,027.71. The disclosure for this sale can be found here. Insiders have sold a total of 25,631 shares of company stock valued at $2,756,681 in the last quarter. 0.53% of the stock is currently owned by company insiders.

DTE Energy Profile

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

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