Dte Energy Co (DTE) Stock Declined While Advisory Services Network Boosted Stake; Sun Valley Gold Holds Holding in Agnico Eagle Mines LTD (AEM)

June 14, 2018 - By wolcottdaily

DTE Energy Company (NYSE:DTE) Logo

Peter Franklin Palmedo increased its stake in Agnico Eagle Mines Ltd (AEM) by 6056.73% based on its latest 2018Q1 regulatory filing with the SEC. Sun Valley Gold Llc bought 663,030 shares as the company’s stock rose 8.61% while stock markets declined. The hedge fund run by Peter Franklin Palmedo held 673,977 shares of the precious metals company at the end of 2018Q1, valued at $28.35 million, up from 10,947 at the end of the previous reported quarter. Sun Valley Gold Llc who had been investing in Agnico Eagle Mines Ltd for a number of months, seems to be bullish on the $10.75 billion market cap company. The stock increased 1.90% or $0.87 during the last trading session, reaching $46.6. About 1.26 million shares traded or 4.11% up from the average. Agnico Eagle Mines Limited (NYSE:AEM) has declined 8.97% since June 14, 2017 and is downtrending. It has underperformed by 21.54% the S&P500. Some Historical AEM News: 26/04/2018 – AGNICO EAGLE MINES LTD – HAS INITIATED A STRATEGIC REVIEW OF ITS COBALT PROPERTIES; 30/04/2018 – Agnico Eagle Announces Election of Directors; 26/04/2018 – Agnico Eagle Mines 1Q Adj EPS 15c; 22/03/2018 – Pöyry awarded EPCM services assignment for expansion investment of Agnico Eagle Finland gold mine in Kittilä, Finland; 09/04/2018 – Rail-Veyor® Material Handling System is now hauling all Deep 1 production material at Agnico Eagle’s Goldex Mine; 26/04/2018 – Canadian Miner Agnico to divest cobalt assets, sells gold interests; 26/04/2018 – AGNICO EAGLE MINES 1Q REV. $578.4M, EST. $542.0M; 26/04/2018 – AGNICO EAGLE MINES LTD – ENTERED INTO AN DEAL WITH A UNIT OF NEWMONT MINING CORP; 29/05/2018 – AGNICO EAGLE MINES LTD AEM.TO : BMO RAISES TO OUTPERFORM FROM MARKET PERFORM; 26/04/2018 – AGNICO EAGLE MINES LTD – PRODUCTION AND COST GUIDANCE REITERATED FOR 2018

Advisory Services Network Llc increased its stake in Dte Energy Co (DTE) by 137.75% based on its latest 2018Q1 regulatory filing with the SEC. Advisory Services Network Llc bought 4,452 shares as the company’s stock declined 1.52% with the market. The institutional investor held 7,684 shares of the central company at the end of 2018Q1, valued at $802,000, up from 3,232 at the end of the previous reported quarter. Advisory Services Network Llc who had been investing in Dte Energy Co for a number of months, seems to be bullish on the $17.62B market cap company. The stock increased 1.04% or $1 during the last trading session, reaching $97.08. About 933,101 shares traded. DTE Energy Company (NYSE:DTE) has declined 6.24% since June 14, 2017 and is downtrending. It has underperformed by 18.81% the S&P500. Some Historical DTE News: 07/05/2018 – DTE Energy announces agreement with Roxbury Group to develop former Ann Arbor MichCon site into world-class mixed-use project a; 03/05/2018 – DTE Energy issues second quarter dividend; offers investors “green” bond opportunity; 18/04/2018 – Michigan.gov: MPSC approves DTE Electric $65 million rate increase; 12/04/2018 – Michigan.gov: MPSC opens docket for Consumers, DTE, I&M to file electric distribution plans for public review; 03/04/2018 – Michigan PSC: U-20106 – DTE Gas Company – Prehearing April 19, 2018, at 9:30 A.M; 27/04/2018 – Michigan approves DTE plan to build $1 bln natgas power plant; 15/04/2018 – Storms unleash tornadoes in U.S. east, record snow in Midwest; 03/04/2018 – Pension fund leader presses Exxon for more climate details; 30/03/2018 – DTE Energy Submits 2018 Renewable Energy Plan to Michigan Regulators; 12/04/2018 – Michigan PSC: MPSC opens docket for Consumers, DTE, I&M to file electric distribution plans for public review

Advisory Services Network Llc, which manages about $620.88M and $1.25 billion US Long portfolio, decreased its stake in Intuit (NASDAQ:INTU) by 2,484 shares to 4,534 shares, valued at $786,000 in 2018Q1, according to the filing. It also reduced its holding in Altria Group Inc (NYSE:MO) by 6,907 shares in the quarter, leaving it with 83,704 shares, and cut its stake in Preferred Apt Cmntys Inc (NYSE:APTS).

Since February 22, 2018, it had 0 insider purchases, and 5 insider sales for $3.82 million activity. Oleksiak Peter B also sold $99,885 worth of DTE Energy Company (NYSE:DTE) on Tuesday, June 5. $772,147 worth of DTE Energy Company (NYSE:DTE) shares were sold by Ruud David. 15,000 shares were sold by ANDERSON GERARD M, worth $1.53M on Tuesday, May 8.

More news for DTE Energy Company (NYSE:DTE) were recently published by: Gurufocus.com, which released: “10 Undervalued Companies for the Defensive Dividend Stock Investor – June 2018” on June 14, 2018. Prnewswire.com‘s article titled: “DTE Energy releases annual corporate citizenship report and debuts new website designed to highlight the company’s …” and published on June 07, 2018 is yet another important article.

Among 10 analysts covering Dte Energy Company (NYSE:DTE), 4 have Buy rating, 1 Sell and 5 Hold. Therefore 40% are positive. Dte Energy Company had 29 analyst reports since July 28, 2015 according to SRatingsIntel. The company was maintained on Thursday, July 27 by Jefferies. The firm has “Buy” rating by Guggenheim given on Tuesday, January 2. KeyBanc Capital Markets maintained DTE Energy Company (NYSE:DTE) on Wednesday, October 18 with “Buy” rating. Barclays Capital upgraded the stock to “Overweight” rating in Wednesday, January 13 report. As per Friday, April 28, the company rating was maintained by Jefferies. UBS maintained the shares of DTE in report on Thursday, September 29 with “Buy” rating. On Wednesday, April 18 the stock rating was maintained by KeyBanc Capital Markets with “Overweight”. As per Monday, January 9, the company rating was downgraded by UBS. The company was initiated on Monday, November 14 by Jefferies. The rating was maintained by Barclays Capital with “Overweight” on Thursday, April 7.

Investors sentiment decreased to 0.89 in 2018 Q1. Its down 0.11, from 1 in 2017Q4. It dived, as 46 investors sold DTE shares while 171 reduced holdings. 57 funds opened positions while 136 raised stakes. 123.78 million shares or 3.21% more from 119.93 million shares in 2017Q4 were reported. Employees Retirement Of Texas reported 0.01% of its portfolio in DTE Energy Company (NYSE:DTE). Clifford Swan Counsel Ltd Company, a California-based fund reported 2,932 shares. Markston Limited Liability holds 160 shares. Regions holds 0% or 2,460 shares in its portfolio. Bnp Paribas Arbitrage Sa accumulated 195,393 shares. State Street accumulated 8.89M shares or 0.08% of the stock. Magellan Asset Mgmt Ltd owns 138,760 shares. Shell Asset Management Company invested 0.03% in DTE Energy Company (NYSE:DTE). Alpine Woods Ltd Llc invested in 16,900 shares. Massmutual Trust Company Fsb Adv has 9,192 shares. The British Columbia – Canada-based British Columbia Inv Mngmt has invested 0.05% in DTE Energy Company (NYSE:DTE). Susquehanna Gp Ltd Liability Partnership invested in 0% or 2,571 shares. Cornerstone owns 11,000 shares or 0.14% of their US portfolio. Mitsubishi Ufj Corporation has 477,140 shares. Hightower Advsrs Ltd Company has 14,396 shares.

More notable recent Agnico Eagle Mines Limited (NYSE:AEM) news were published by: Fool.com which released: “Better Buy: Yamana Gold Inc. vs. Agnico Eagle Mines” on June 01, 2018, also Benzinga.com with their article: “Benzinga’s Top Upgrades, Downgrades For May 29, 2018” published on May 29, 2018, Prnewswire.com published: “Monarques Gold Confirms Pit Constrained Resource on its Mckenzie Break Gold Project” on June 14, 2018. More interesting news about Agnico Eagle Mines Limited (NYSE:AEM) were released by: Investingnews.com and their article: “New Geological Models Bring New Discoveries to Historical Mining Districts” published on June 08, 2018 as well as Globenewswire.com‘s news article titled: “Factors of Influence in 2018, Key Indicators and Opportunity within Methanex, Agnico Eagle Mines, Ensco plc …” with publication date: June 07, 2018.

DTE Energy Company (NYSE:DTE) Institutional Positions Chart

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