What percentage of DTE Energy is owned by institutional investors?
Institutional investors and hedge funds own approximately 76.06% of DTE Energy’s stock.
Finance / Stocks
Institutional investors are actively rebalancing their portfolios, and recent SEC filings reveal adjustments in their holdings of DTE Energy Company (DTE). These changes reflect evolving investment strategies and market outlooks. Here’s a s...
DTE Energy Company (NYSE:DTE&ref=yanuki.com) has seen notable activity from institutional investors recently. Patton Albertson Miller Group LLC boosted its position by 7.9%, according to its latest 13F filing with the Securities & Exchange Commission. The firm now holds 32,961 shares of the utilities provider, valued at $4.37 million. GAMMA Investing LLC significantly increased its holdings by 14,878.4% during the first quarter. FCG Investment Co. purchased a new stake consisting of 8,747 shares, worth approximately $1.159 million. The Public Employees Retirement System of Ohio increased its stake by 7.4% during the second quarter, now possessing 68,366 shares valued at $9.06 million.
Conversely, insider trading activity reveals that VP Lisa A. Muschong sold 1,600 shares at an average price of $140.53, reducing her direct ownership.
Analysts have also adjusted their price targets for DTE. Morgan Stanley reduced its price objective to $137.00, while JPMorgan Chase & Co. raised its target to $147.00. Overall, DTE Energy has a consensus rating of "Moderate Buy" with an average price target of $144.00, according to MarketBeat.com&ref=yanuki.com.
Institutional investors and hedge funds own approximately 76.06% of DTE Energy’s stock.
DTE Energy reported $1.36 earnings per share (EPS) for the quarter, slightly missing analysts’ estimates of $1.37.
The current consensus rating is "Moderate Buy" with an average price target of $144.00.
Do you think these institutional adjustments will impact DTE Energy’s stock performance? Share your thoughts in the comments below!
Share this article with others who need to stay ahead of this trend!
This article was compiled by Yanuki using publicly available data and trending information. The content may summarize or reference third-party sources that have not been independently verified. While we aim to provide timely and accurate insights, the information presented may be incomplete or outdated.
All content is provided for general informational purposes only and does not constitute financial, legal, or professional advice. Yanuki makes no representations or warranties regarding the reliability or completeness of the information.
This article may include links to external sources for further context. These links are provided for convenience only and do not imply endorsement.
Always do your own research (DYOR) before making any decisions based on the information presented.