Mutual of America Capital Management LLC Has $3.15 Million Stock Holdings in DTE Energy Company $DTE

Mutual of America Capital Management LLC decreased its holdings in shares of DTE Energy Company (NYSE:DTE) by 1.3% in the second quarter, Holdings Channel reports. The firm owned 23,793 shares of the utilities provider’s stock after selling 302 shares during the quarter. Mutual of America Capital Management LLC’s holdings in DTE Energy were worth $3,152,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Spirit of America Management Corp NY boosted its holdings in DTE Energy by 13.0% during the second quarter. Spirit of America Management Corp NY now owns 11,750 shares of the utilities provider’s stock valued at $1,556,000 after purchasing an additional 1,350 shares in the last quarter. Aspiriant LLC acquired a new stake in DTE Energy during the second quarter valued at approximately $259,000. Stanley Laman Group Ltd. boosted its holdings in DTE Energy by 15.6% during the second quarter. Stanley Laman Group Ltd. now owns 1,983 shares of the utilities provider’s stock valued at $263,000 after purchasing an additional 268 shares in the last quarter. Chevy Chase Trust Holdings LLC boosted its holdings in DTE Energy by 0.8% during the second quarter. Chevy Chase Trust Holdings LLC now owns 109,699 shares of the utilities provider’s stock valued at $14,531,000 after purchasing an additional 919 shares in the last quarter. Finally, Nordea Investment Management AB boosted its holdings in DTE Energy by 5.3% during the second quarter. Nordea Investment Management AB now owns 208,818 shares of the utilities provider’s stock valued at $27,470,000 after purchasing an additional 10,586 shares in the last quarter. 76.06% of the stock is owned by institutional investors and hedge funds.

DTE Energy Stock Performance

NYSE:DTE opened at $141.61 on Friday. DTE Energy Company has a 1 year low of $115.59 and a 1 year high of $143.79. The firm has a 50 day moving average of $138.72 and a 200-day moving average of $136.26. The company has a current ratio of 0.94, a quick ratio of 0.57 and a debt-to-equity ratio of 1.96. The stock has a market capitalization of $29.40 billion, a P/E ratio of 20.38, a price-to-earnings-growth ratio of 3.06 and a beta of 0.42.

DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Tuesday, July 29th. The utilities provider reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.01). DTE Energy had a return on equity of 12.72% and a net margin of 10.16%.The company had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.67 billion. As a group, sell-side analysts anticipate that DTE Energy Company will post 7.18 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, VP Lisa A. Muschong sold 1,600 shares of the business’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $140.53, for a total value of $224,848.00. Following the completion of the transaction, the vice president owned 4,153 shares in the company, valued at $583,621.09. The trade was a 27.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.33% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on DTE shares. Barclays lifted their price objective on DTE Energy from $138.00 to $148.00 and gave the company an “equal weight” rating in a report on Tuesday, October 14th. BMO Capital Markets lifted their price objective on DTE Energy from $140.00 to $144.00 and gave the company a “market perform” rating in a report on Monday, August 25th. UBS Group lifted their target price on shares of DTE Energy from $148.00 to $158.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Wall Street Zen upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a research note on Sunday, October 19th. Finally, Scotiabank reiterated a “sector perform” rating and issued a $147.00 target price on shares of DTE Energy in a research note on Friday, October 3rd. Seven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $148.60.

DTE Energy Profile

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.