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Who are the Institutional Holders in DTE Energy Co. (DTE)?

DTE Energy Co. (NYSE: DTE) is 0.00% lower on its value in year-to-date trading and has touched a low of $90.14 and a high of $116.73 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DTE stock was last observed hovering at around $111.09 in the last trading session, with the day’s loss setting it -0.83%.

Currently trading at $110.26, the stock is -0.16% and 2.34% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.26 million and changing -0.75% at the moment leaves the stock 3.71% off its SMA200. DTE registered 0.66% gain for a year compared to 6-month gain of 15.47%. The firm has a 50-day simple moving average (SMA 50) of $3.45 and a 200-day simple moving average (SMA200) of $11.09.

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The stock witnessed a 0.42% loss in the last 1 month and extending the period to 3 months gives it a -1.34%, and is 2.92% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.83% over the week and 1.60% over the month.

DTE Energy Co. (DTE) has around 9950 employees, a market worth around $22.82B and $12.48B in sales. Current P/E ratio is 16.30 and Fwd P/E is 15.37. Profit margin for the company is 11.17%. Distance from 52-week low is 22.32% and -5.54% from its 52-week high. The company has generated returns on investments over the last 12 months (4.88%).

DTE Energy Co. quarterly earnings per share for the current quarter are estimated at $1.98 with sales reaching $3.46B over the same period.The EPS is expected to grow by 16.71% this year, but quarterly earnings will post 12.40% year-over-year. Quarterly sales are estimated to shrink -28.50% in year-over-year returns.

1,032 institutions hold shares in DTE Energy Co. (DTE), with institutional investors hold 77.41% of the company’s shares. The shares outstanding are 206.36M, and float is at 206.20M with Short Float at 1.57%. Institutions hold 77.15% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 25.95 million shares valued at $2.85 billion. The investor’s holdings represent 12.59% of the DTE Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 19.18 million shares valued at $2.11 billion to account for 9.30% of the shares outstanding. The other top investors are Capital Research Global Investors which holds 17.44 million shares representing 8.46% and valued at over $1.92 billion, while State Street Corporation holds 4.98% of the shares totaling 10.28 million with a market value of $1.13 billion.

DTE Energy Co. (DTE) Insider Activity

The most recent transaction is an insider sale by Richard Robert A., the company’s President & COO – DTE Gas. SEC filings show that Richard Robert A. sold 4,800 shares of the company’s common stock on Feb 27 ’24 at a price of $107.25 per share for a total of $0.51 million. Following the sale, the insider now owns 26118.0 shares.

DTE Energy Co. disclosed in a document filed with the SEC on Feb 23 ’24 that Harris Joi M. (President & COO) sold a total of 3,000 shares of the company’s common stock. The trade occurred on Feb 23 ’24 and was made at $108.49 per share for $0.33 million. Following the transaction, the insider now directly holds 18961.0 shares of the DTE stock.

Still, SEC filings show that on Feb 22 ’24, Myrick Tracy J (Chief Accounting Officer) disposed off 600 shares at an average price of $107.04 for $64224.0. The insider now directly holds 3,462 shares of DTE Energy Co. (DTE).

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