The stock of DTE Energy Co (NYSE:DTE) is a huge mover today! About 418,241 shares traded hands. DTE Energy Co (NYSE:DTE) has risen 4.17% since March 9, 2016 and is uptrending. It has underperformed by 3.24% the S&P500.
The move comes after 5 months positive chart setup for the $16.27 billion company. It was reported on Oct, 12 by Barchart.com. We have $135.33 PT which if reached, will make NYSE:DTE worth $7.81B more.
Analysts await DTE Energy Co (NYSE:DTE) to report earnings on October, 28. They expect $1.42 earnings per share, up 1.43% or $0.02 from last year’s $1.4 per share. DTE’s profit will be $252.66 million for 16.10 P/E if the $1.42 EPS becomes a reality. After $0.98 actual earnings per share reported by DTE Energy Co for the previous quarter, Wall Street now forecasts 44.90% EPS growth.
DTE Energy Co (NYSE:DTE) Ratings Coverage
Out of 2 analysts covering Dte Energy Company (NYSE:DTE), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Dte Energy Company has been the topic of 8 analyst reports since July 28, 2015 according to StockzIntelligence Inc. UBS maintained the stock with “Buy” rating in Thursday, September 29 report. Barclays Capital upgraded DTE Energy Co (NYSE:DTE) rating on Wednesday, January 13. Barclays Capital has “Overweight” rating and $52 price target. Barclays Capital maintained the stock with “Overweight” rating in Thursday, April 7 report.
According to Zacks Investment Research, “DTE Energy is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its largest operating units are Detroit Edison, an electric utility serving 2.1 million customers in Southeastern Michigan, and MichCon, a natural gas utility serving 1.2 million customers in Michigan. Detroit Edison is the Company’s principal operating subsidiary. Affiliates of the Company are engaged in non-regulated businesses, including energy-related services and products.”
Insitutional Activity: The institutional sentiment increased to 1.21 in 2016 Q2. Its up 0.03, from 1.18 in 2016Q1. The ratio improved, as 38 funds sold all DTE Energy Co shares owned while 148 reduced positions. 50 funds bought stakes while 175 increased positions. They now own 115.66 million shares or 3.57% less from 119.95 million shares in 2016Q1.
Ubs Asset Management Americas Inc accumulated 533,921 shares or 0.06% of the stock. Comml Bank Of New York Mellon Corp last reported 1.35 million shares in the company. Clearbridge Investments Limited Liability Co has 0% invested in the company for 524 shares. Dubuque National Bank & Trust And Trust has invested 0.7% of its portfolio in DTE Energy Co (NYSE:DTE). Grantham Mayo Van Otterloo And Co Limited Com has 0.08% invested in the company for 204,834 shares. Moreover, Iowa Bancorp has 0.01% invested in DTE Energy Co (NYSE:DTE) for 320 shares. Private Advisor Grp Limited Company has 5,073 shares for 0.02% of their US portfolio. California Employees Retirement holds 0.08% of its portfolio in DTE Energy Co (NYSE:DTE) for 511,716 shares. Los Angeles Cap Mngmt & Equity reported 92,142 shares or 0.08% of all its holdings. Morgan Stanley, a New York-based fund reported 334,320 shares. Massachusetts Financial Ma, a Massachusetts-based fund reported 1.62M shares. Capital One Association, a New York-based fund reported 2,150 shares. Reaves W H And accumulated 1.54 million shares or 5.33% of the stock. Ser Automobile Association last reported 55,714 shares in the company. Delta Lloyd Nv has 10,814 shares for 0.04% of their US portfolio.
Insider Transactions: Since May 3, 2016, the stock had 0 insider buys, and 3 sales for $3.61 million net activity. Muschong Lisa A. had sold 1,075 shares worth $99,749 on Friday, June 3. ANDERSON GERARD M sold 17,500 shares worth $1.71 million.
More news for DTE Energy Co (NYSE:DTE) were recently published by: Prnewswire.com, which released: “DTE Energy – joined by City of Detroit, Department of Energy – breaks ground …” on September 16, 2016. Businesswire.com‘s article titled: “Fitch Rates DTE Energy Co.’s $1.7B Senior Unsecured Debt ‘BBB+’; Outlook Negative” and published on September 29, 2016 is yet another important article.
DTE Company Profile
DTE Energy Company (DTE Energy), incorporated on January 26, 1995, is a diversified energy company. The Company’s divisions are Electric, Gas, Gas Storage and Pipelines, Power and Industrial Projects, Energy Trading, and Corporate and Other. DTE Energy’s utility activities consist primarily of DTE Electric Company (DTE Electric) and DTE Gas Company (DTE Gas).
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