November 23, 2016 - By Richard Conner
Gerard Anderson – a well informed person in Dte Energy Co who is right now a Chairman and CEO — made a sale of 15,000 shares of Dte Energy Co, valued around almost $US 1,406,070 which is calculated with stock price per share of $US 93.7. Currently, Mr. Gerard, holds 448,796 shares, which accounts for 0.25% of Dte Energy Co’s market cap.
Out of 4 analysts covering Dte Energy Company (NYSE:DTE), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $112 is the highest target while $52 is the lowest. The $96.25 average target is 2.58% above today’s ($93.83) stock price. Dte Energy Company has been the topic of 10 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Monday, November 14 by Jefferies. The firm has “Overweight” rating by Barclays Capital given on Wednesday, January 13. On Thursday, April 7 the stock rating was maintained by Barclays Capital with “Overweight”. The firm has “Buy” rating by UBS given on Thursday, September 29. The stock has “Buy” rating given by Bank of America on Tuesday, November 22.
Insitutional Activity: The institutional sentiment increased to 1.48 in 2016 Q2. Its up 0.27, from 1.21 in 2016Q1. The ratio is positive, 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.
Bp Public Ltd Co owns 23,000 shares or 0.09% of their US portfolio. Moreover, West Oak Ltd Liability Corp has 0% invested in DTE Energy Co (NYSE:DTE) for 225 shares. Natixis Asset Management has 0.13% invested in the company for 11,682 shares. Moreover, Blackrock Fund has 0.13% invested in DTE Energy Co (NYSE:DTE) for 6.09 million shares. Gabelli Funds Ltd Llc has invested 0.01% of its portfolio in DTE Energy Co (NYSE:DTE). California Public Employees Retirement Sys, a California-based fund reported 511,716 shares. Clarkston Ltd Liability Com has 0.03% invested in the company for 5,123 shares. Livforsakringsbolaget Skandia Omsesidigt holds 0.11% of its portfolio in DTE Energy Co (NYSE:DTE) for 24,752 shares. Bbva Compass Bank owns 10,267 shares or 0.08% of their US portfolio. The Maryland-based Chevy Chase Trust Hldg has invested 0.09% in DTE Energy Co (NYSE:DTE). Glg Limited Liability Corp has invested 0.07% of its portfolio in DTE Energy Co (NYSE:DTE). Bluemountain Mgmt Ltd Llc has 20,503 shares for 0.05% of their US portfolio. Sii Investments Inc Wi owns 5,099 shares or 0.04% of their US portfolio. The Pennsylvania-based Vanguard Incorporated has invested 0.1% in DTE Energy Co (NYSE:DTE). Nordea Mgmt last reported 871,881 shares in the company.
Insider Transactions: Since June 3, 2016, the stock had 0 insider purchases, and 2 sales for $1.81 million net activity. ANDERSON GERARD M also sold $1.71M worth of DTE Energy Co (NYSE:DTE) on Monday, August 1. Another trade for 1,075 shares valued at $99,749 was sold by Muschong Lisa A.
The stock increased 1.69% or $1.56 during the last trading session, hitting $93.83. About 1.59M shares traded hands or 35.90% up from the average. DTE Energy Co (NYSE:DTE) has risen 6.00% since April 20, 2016 and is uptrending. It has outperformed by 1.44% the S&P500.
DTE Energy Company is a diversified energy company. The company has a market cap of $17.03 billion. The Company’s utility activities consist primarily of DTE Electric Company (DTE Electric) and DTE Gas Company (DTE Gas). It has a 20.66 P/E ratio. The Company’s divisions include Electric, Gas, Gas Storage and Pipelines, Power and Industrial Projects, Energy Trading, and Corporate and Other.
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.”
More notable recent DTE Energy Co (NYSE:DTE) news were published by: Prnewswire.com which released: “DTE Energy matches $100000 in development grants for St. Clair, Harbor Beach” on November 15, 2016, also Prnewswire.com with their article: “DTE Energy to purchase natural gas midstream assets” published on September 26, 2016, Prnewswire.com published: “DTE Energy – joined by City of Detroit, Department of Energy – breaks ground ..” on September 16, 2016. More interesting news about DTE Energy Co (NYSE:DTE) were released by: Streetinsider.com and their article: “Form 4 DTE ENERGY CO For: Nov 22 Filed by: ANDERSON GERARD M” published on November 22, 2016 as well as Prnewswire.com‘s news article titled: “DTE Energy and General Motors Unveil Largest Solar Array on a GM Site in Michigan” with publication date: October 28, 2016.
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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