GSA Capital Partners LLP Buys New Stake in DTE Energy Company (DTE)

GSA Capital Partners LLP bought a new position in shares of DTE Energy Company (NYSE:DTE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,745 shares of the utilities provider’s stock, valued at approximately $502,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Virginia Retirement Systems ET AL increased its position in shares of DTE Energy by 171.2% during the second quarter. Virginia Retirement Systems ET AL now owns 17,900 shares of the utilities provider’s stock worth $1,894,000 after acquiring an additional 11,300 shares during the last quarter. Swiss National Bank increased its position in shares of DTE Energy by 9.9% during the second quarter. Swiss National Bank now owns 698,625 shares of the utilities provider’s stock worth $73,908,000 after acquiring an additional 62,900 shares during the last quarter. GAM Holding AG increased its position in shares of DTE Energy by 27.0% during the second quarter. GAM Holding AG now owns 24,877 shares of the utilities provider’s stock worth $2,632,000 after acquiring an additional 5,291 shares during the last quarter. Shell Asset Management Co. increased its position in shares of DTE Energy by 1.9% during the second quarter. Shell Asset Management Co. now owns 16,404 shares of the utilities provider’s stock worth $1,735,000 after acquiring an additional 300 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its position in shares of DTE Energy by 0.4% during the second quarter. Neuberger Berman Group LLC now owns 775,387 shares of the utilities provider’s stock worth $82,028,000 after acquiring an additional 2,997 shares during the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Shares of DTE Energy Company (DTE) opened at 109.29 on Wednesday. DTE Energy Company has a one year low of $89.66 and a one year high of $113.71. The company has a 50-day moving average price of $110.20 and a 200 day moving average price of $107.45. The company has a market capitalization of $19.61 billion, a price-to-earnings ratio of 18.82 and a beta of 0.20.

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

WARNING: This news story was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this news story on another site, it was illegally copied and reposted in violation of US & international copyright and trademark law. The correct version of this news story can be accessed at https://ledgergazette.com/2017/10/11/gsa-capital-partners-llp-buys-new-stake-in-dte-energy-company-dte.html.

In other news, Chairman Gerard M. Anderson sold 12,000 shares of the company’s stock in a transaction dated 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 transaction, the chairman now owns 80,000 shares of the company’s stock, valued at $8,546,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark W. Stiers sold 3,632 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $110.03, for a total transaction of $399,628.96. Following the transaction, the insider now directly 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 25,631 shares of company stock valued at $2,756,681 in the last ninety days. 0.53% of the stock is owned by company insiders.

A number of brokerages have recently issued reports on DTE. Zacks Investment Research lowered DTE Energy from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. BidaskClub lowered DTE

Other hedge funds and other institutional investors have also made changes to their positions in the company. Virginia Retirement Systems ET AL increased its position in shares of DTE Energy by 171.2% during the second quarter. Virginia Retirement Systems ET AL now owns 17,900 shares of the utilities provider’s stock worth $1,894,000 after acquiring an additional 11,300 shares during the last quarter. Swiss National Bank increased its position in shares of DTE Energy by 9.9% during the second quarter. Swiss National Bank now owns 698,625 shares of the utilities provider’s stock worth $73,908,000 after acquiring an additional 62,900 shares during the last quarter. GAM Holding AG increased its position in shares of DTE Energy by 27.0% during the second quarter. GAM Holding AG now owns 24,877 shares of the utilities provider’s stock worth $2,632,000 after acquiring an additional 5,291 shares during the last quarter. Shell Asset Management Co. increased its position in shares of DTE Energy by 1.9% during the second quarter. Shell Asset Management Co. now owns 16,404 shares of the utilities provider’s stock worth $1,735,000 after acquiring an additional 300 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its position in shares of DTE Energy by 0.4% during the second quarter. Neuberger Berman Group LLC now owns 775,387 shares of the utilities provider’s stock worth $82,028,000 after acquiring an additional 2,997 shares during the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Shares of DTE Energy Company (DTE) opened at 109.29 on Wednesday. DTE Energy Company has a one year low of $89.66 and a one year high of $113.71. The company has a 50-day moving average price of $110.20 and a 200 day moving average price of $107.45. The company has a market capitalization of $19.61 billion, a price-to-earnings ratio of 18.82 and a beta of 0.20.

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

WARNING: This news story was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this news story on another site, it was illegally copied and reposted in violation of US & international copyright and trademark law. The correct version of this news story can be accessed at https://ledgergazette.com/2017/10/11/gsa-capital-partners-llp-buys-new-stake-in-dte-energy-company-dte.html.

In other news, Chairman Gerard M. Anderson sold 12,000 shares of the company’s stock in a transaction dated 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 transaction, the chairman now owns 80,000 shares of the company’s stock, valued at $8,546,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark W. Stiers sold 3,632 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $110.03, for a total transaction of $399,628.96. Following the transaction, the insider now directly 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 25,631 shares of company stock valued at $2,756,681 in the last ninety days. 0.53% of the stock is owned by company insiders.

A number of brokerages have recently issued reports on DTE. Zacks Investment Research lowered DTE Energy from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. BidaskClub lowered DTE Energy from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 24th. BMO Capital Markets reissued a “hold” rating and issued a $111.00 price objective on shares of DTE Energy in a report on Friday, July 28th. KeyCorp reissued a “buy” rating and issued a $113.00 price objective on shares of DTE Energy in a report on Sunday, August 27th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $121.00 price objective on shares of DTE Energy in a report on Tuesday, August 29th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. DTE Energy presently has an average rating of “Buy” and a consensus price target of $108.63.

DTE Energy Profile

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

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