Johnson Investment Counsel Inc. Lowers Stock Holdings in DTE Energy (NYSE:DTE)

Johnson Investment Counsel Inc. lowered its holdings in DTE Energy (NYSE:DTE) by 11.8% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,399 shares of the utilities provider’s stock after selling 1,261 shares during the period. Johnson Investment Counsel Inc.’s holdings in DTE Energy were worth $1,034,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its stake in DTE Energy by 0.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,079,409 shares of the utilities provider’s stock worth $118,238,000 after purchasing an additional 9,982 shares during the last quarter. AE Wealth Management LLC lifted its position in DTE Energy by 1.0% in the second quarter. AE Wealth Management LLC now owns 166,362 shares of the utilities provider’s stock valued at $18,303,000 after acquiring an additional 1,661 shares during the last quarter. Credit Suisse AG boosted its stake in DTE Energy by 10.4% in the first quarter. Credit Suisse AG now owns 140,672 shares of the utilities provider’s stock valued at $15,409,000 after acquiring an additional 13,309 shares in the last quarter. Glenview Trust co grew its holdings in shares of DTE Energy by 3.9% during the first quarter. Glenview Trust co now owns 5,645 shares of the utilities provider’s stock worth $618,000 after purchasing an additional 210 shares during the last quarter. Finally, Commerce Bank grew its holdings in shares of DTE Energy by 2.2% during the first quarter. Commerce Bank now owns 19,872 shares of the utilities provider’s stock worth $2,177,000 after purchasing an additional 429 shares during the last quarter. Institutional investors and hedge funds own 74.72% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. TheStreet downgraded DTE Energy from a “b-” rating to a “c+” rating in a report on Friday, October 20th. Barclays initiated coverage on DTE Energy in a report on Wednesday, August 23rd. They issued an “overweight” rating and a $117.00 price objective for the company. Mizuho cut their target price on shares of DTE Energy from $121.00 to $106.00 and set a “buy” rating on the stock in a report on Friday, November 3rd. StockNews.com downgraded shares of DTE Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Finally, Guggenheim dropped their price objective on shares of DTE Energy from $110.00 to $103.00 and set a “buy” rating on the stock in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, DTE Energy has a consensus rating of “Moderate Buy” and a consensus price target of $80.21.

DTE Energy Trading Up 0.3 %

NYSE:DTE opened at $103.60 on Monday. DTE Energy has a 52-week low of $90.14 and a 52-week high of $122.40. The company has a market capitalization of $21.37 billion, a PE ratio of 17.12, a price-to-earnings-growth ratio of 2.95 and a beta of 0.64. The company has a quick ratio of 0.57, a current ratio of 0.85 and a debt-to-equity ratio of 1.71. The stock has a fifty day simple moving average of $99.88 and a 200-day simple moving average of $106.13.

DTE Energy (NYSE:DTE) last announced its earnings results on Wednesday, November 1st. The utilities provider reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($0.23). DTE Energy had a net margin of 8.99% and a return on equity of 9.85%. The firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $3.96 billion. During the same period in the previous year, the firm posted $1.60 EPS. On average, equities research analysts expect that DTE Energy will post 5.77 earnings per share for the current fiscal year.

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 2.3 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 solar assets.