Laurion Capital Management LP Acquires Shares of 3,004 DTE Energy Co (DTE)

Laurion Capital Management LP bought a new stake in DTE Energy Co (NYSE:DTE) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,004 shares of the utilities provider’s stock, valued at approximately $311,000.

Other large investors have also recently modified their holdings of the company. McKinley Carter Wealth Services Inc. bought a new stake in DTE Energy during the 1st quarter worth about $179,000. Greenleaf Trust bought a new stake in DTE Energy during the 2nd quarter worth about $220,000. Piedmont Investment Advisors LLC bought a new stake in DTE Energy during the 2nd quarter worth about $220,000. Verition Fund Management LLC bought a new stake in DTE Energy during the 1st quarter worth about $245,000. Finally, Lido Advisors LLC bought a new stake in DTE Energy during the 1st quarter worth about $288,000. Institutional investors own 70.93% of the company’s stock.

In other news, Chairman Gerard M. Anderson sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $110.18, for a total transaction of $1,101,800.00. Following the sale, the chairman now owns 84,858 shares in the company, valued at approximately $9,349,654.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Lisa A. Muschong sold 426 shares of the company’s stock in a transaction that occurred on Monday, July 30th. The stock was sold at an average price of $107.49, for a total value of $45,790.74. Following the sale, the vice president now owns 2,250 shares in the company, valued at approximately $241,852.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,226 shares of company stock valued at $1,674,057. Insiders own 0.59% of the company’s stock.

NYSE:DTE traded down $0.44 during trading hours on Friday, reaching $110.14. 1,155,948 shares of the stock were exchanged, compared to its average volume of 1,229,628. DTE Energy Co has a twelve month low of $94.25 and a twelve month high of $116.74. The company has a quick ratio of 0.89, a current ratio of 1.16 and a debt-to-equity ratio of 1.23. The company has a market cap of $19.84 billion, a P/E ratio of 19.70, a price-to-earnings-growth ratio of 3.32 and a beta of 0.11.

DTE Energy (NYSE:DTE) last released its quarterly earnings results on Wednesday, July 25th. The utilities provider reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.23. DTE Energy had a return on equity of 10.63% and a net margin of 8.58%. The firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the prior year, the firm posted $1.07 EPS. As a group, analysts anticipate that DTE Energy Co will post 6.16 earnings per share for the current fiscal year.

Several equities analysts have recently issued reports on the company. Zacks Investment Research lowered DTE Energy from a “buy” rating to a “hold” rating in a research report on Wednesday. Citigroup boosted their target price on DTE Energy from $103.00 to $110.00 and gave the stock a “hold” rating in a research report on Monday, September 10th. Wells Fargo & Co boosted their target price on DTE Energy from $113.00 to $118.00 and gave the stock a “market perform” rating in a research report on Monday, September 17th. Barclays began coverage on DTE Energy in a research report on Wednesday, August 15th. They set an “equal weight” rating and a $116.00 target price for the company. Finally, KeyCorp boosted their price objective on DTE Energy from $115.00 to $118.00 and gave the company an “overweight” rating in a research report on Friday, July 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $113.73.

DTE Energy Profile

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.2 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets.

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Institutional Ownership by Quarter for DTE Energy (NYSE:DTE)

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