Economy

DTE Energy Company (NYSE:DTE) Releases FY17 Earnings Guidance

DTE Energy had a net margin of 8.01% and a return on equity of 9.56%. DTE Energy's dividend payout ratio (DPR) is 60.44%. The stock closed the regular trading session at $114.24 yesterday, compared to the closing price of $112.45 the previous day - a change of 1.59 percent. About shares traded. InnerWorkings, Inc.

Aperio Group LLC boosted its position in shares of DTE Energy Company (NYSE:DTE) by 8.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission.

Donald Smith & Company Inc increased Citigroup (C) stake by 2.17% reported in 2017Q2 SEC filing. Accern also gave media headlines about the utilities provider an impact score of 45.8664953307958 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near future. Sumitomo Mitsui Trust Holdings Inc. now owns 530,930 shares of the company's stock worth $52,626,000 after buying an additional 12,518 shares during the last quarter. DTE Energy Co (NYSE:DTE) has risen 19.61% since November 14, 2016 and is uptrending.

Among 7 analysts covering Dte Energy Company (NYSE:DTE), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive.

Several equities analysts have recently weighed in on the company. DTE Energy also updated its FY18 guidance to $5.48- 5.88 EPS. Barclays Capital maintained it with "Overweight" rating and $97 target in Thursday, April 7 report. Jefferies Group LLC reiterated a buy rating and issued a $121.00 price objective on shares of DTE Energy in a research report on Tuesday, August 29th. KeyBanc Capital Markets maintained the stock with "Buy" rating in Wednesday, October 18 report. During the same quarter a year ago, the business posted $1.40 earnings per share. As per Wednesday, January 13, the company rating was upgraded by Barclays Capital. KeyCorp reiterated a buy rating and issued a $113.00 price objective on shares of DTE Energy in a research report on Sunday, August 27th.

Investors sentiment increased to 1.06 in 2017 Q2. Its up 0.13, from 0.93 in 2017Q1.

Within those holders, 249 of them increased their positions - representing 7,444,193 shares of DTE Energy Company (DTE). 63 funds opened positions while 155 raised stakes. 124.54 million shares or 4.86% more from 118.76 million shares in 2017Q1 were reported. Bbva Compass Bankshares reported 9,185 shares or 0.06% of all its holdings.

Since June 6, 2017, it had 0 insider purchases, and 3 selling transactions for $1.13 million activity. Citadel Advsrs Lc has 248,985 shares for 0.02% of their portfolio. This is an increase from DTE Energy's previous quarterly dividend of $0.83. Advantus Cap Mngmt holds 0.1% or 36,084 shares.

In other DTE Energy news, Chairman Gerard M. Anderson sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, November 22nd. Cantab Capital Prtn Llp reported 0% of its portfolio in DTE Energy Co (NYSE:DTE). Ingalls And Snyder Lc reported 10,321 shares. Lazard Asset Mgmt Ltd Liability Com stated it has 37,747 shares. Investors of record on Monday, December 18th will be paid a $0.8825 dividend. Royal Bank & Trust Of Canada holds 0.06% or 1.07M shares. Meiji Yasuda Asset Mgmt Ltd invested 0.09% of its portfolio in DTE Energy Co (NYSE:DTE). The New York-based Hutchin Hill Limited Partnership has invested 0.03% in InnerWorkings, Inc. Nvr Inc (NYSE:NVR) was reduced too. The stock rose 0.95% or $1.08 reaching $115.32. 4,838 shares were sold by Norcia Gerardo, worth $535,717. Another trade for 5,000 shares valued at $550,375 was sold by PETERSON BRUCE D.

Investors sentiment is 1.1 in Q2 2017. Its the same as in 2017Q1.

When it comes to institutional holdings, taking a look at a public company's active positions is a useful way to understand how institutional investors view the value of the stock. First Bancshares Of Mount Dora Tru Svcs, a Florida-based fund reported 29,690 shares. Donald Smith accumulated 1.70M shares or 2.77% of the stock. The count of Hold ratings in that period was 8. State Teachers Retirement stated it has 4.89M shares. Amer International Gru has 0% invested in InnerWorkings, Inc. Following the transaction, the insider now directly owns 25,257 shares in the company, valued at $2,779,027.71. Stifel Corporation has invested 0.03% in InnerWorkings, Inc. Sun Life Financial INC now owns 1,313 shares of the utilities provider's stock worth $139,000 after purchasing an additional 1,303 shares in the last quarter. (NASDAQ:INWK). Thompson Davis & invested 0.01% of its portfolio in InnerWorkings, Inc. 37,576 were accumulated by Dana Investment. Spark Investment Management Ltd Liability has 0.1% invested in InnerWorkings, Inc.

Sell-side analyst recommendations point to a short term price target of $215 on the shares of Netflix, Inc. Kimball Electronics (NASDAQ:KE) was reduced too.



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