Westwood Holdings Group Inc. Sells 17,989 Shares of DTE Energy (NYSE:DTE)

Westwood Holdings Group Inc. lessened its position in shares of DTE Energy (NYSE:DTE) by 2.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 710,043 shares of the utilities provider’s stock after selling 17,989 shares during the period. Westwood Holdings Group Inc. owned approximately 0.34% of DTE Energy worth $78,822,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the company. Aptus Capital Advisors LLC grew its holdings in DTE Energy by 3.7% during the second quarter. Aptus Capital Advisors LLC now owns 2,632 shares of the utilities provider’s stock valued at $292,000 after purchasing an additional 94 shares during the period. ASB Consultores LLC grew its stake in shares of DTE Energy by 4.9% during the 2nd quarter. ASB Consultores LLC now owns 2,179 shares of the utilities provider’s stock valued at $242,000 after acquiring an additional 101 shares during the period. Center for Financial Planning Inc. increased its holdings in DTE Energy by 2.2% in the 1st quarter. Center for Financial Planning Inc. now owns 4,972 shares of the utilities provider’s stock worth $558,000 after acquiring an additional 105 shares in the last quarter. TIAA Trust National Association raised its stake in DTE Energy by 2.9% during the 1st quarter. TIAA Trust National Association now owns 3,771 shares of the utilities provider’s stock worth $423,000 after acquiring an additional 106 shares during the period. Finally, S.A. Mason LLC lifted its holdings in DTE Energy by 10.5% during the second quarter. S.A. Mason LLC now owns 1,120 shares of the utilities provider’s stock valued at $124,000 after purchasing an additional 106 shares in the last quarter. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on DTE shares. LADENBURG THALM/SH SH started coverage on DTE Energy in a report on Wednesday, August 14th. They set a “buy” rating and a $131.00 price target on the stock. Scotiabank boosted their price target on DTE Energy from $120.00 to $137.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Bank of America upped their price target on DTE Energy from $131.00 to $136.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Morgan Stanley lifted their price objective on shares of DTE Energy from $114.00 to $121.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Finally, KeyCorp upped their target price on shares of DTE Energy from $126.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, DTE Energy currently has a consensus rating of “Moderate Buy” and an average target price of $127.58.

DTE Energy Stock Up 1.3 %

NYSE DTE opened at $125.09 on Friday. DTE Energy has a 52 week low of $90.14 and a 52 week high of $127.59. The firm has a market capitalization of $25.89 billion, a price-to-earnings ratio of 20.47, a PEG ratio of 2.28 and a beta of 0.67. The company has a quick ratio of 0.52, a current ratio of 0.69 and a debt-to-equity ratio of 1.73. The company has a fifty day moving average of $121.82 and a two-hundred day moving average of $114.98.

DTE Energy (NYSE:DTE) last issued its quarterly earnings results on Thursday, July 25th. The utilities provider reported $1.43 EPS for the quarter, beating the consensus estimate of $1.21 by $0.22. The company had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.65 billion. DTE Energy had a net margin of 11.18% and a return on equity of 12.18%. During the same period in the prior year, the firm posted $0.99 EPS. On average, analysts predict that DTE Energy will post 6.7 earnings per share for the current year.

About DTE Energy

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets.