Aspiriant LLC Purchases New Holdings in DTE Energy Company $DTE

Key Points

• Aspiriant LLC acquired a new stake in DTE Energy Company, purchasing 1,957 shares valued at approximately $259,000 in the second quarter.
• Despite the recent acquisitions, analysts have varied opinions on DTE Energy, with Morgan Stanley lowering its price target from $140 to $137, while UBS Group raised it from $148 to $158.
• DTE Energy's stock has shown a 0.3% increase recently, with the current price at $141.99 and an average analyst rating of "Moderate Buy."

Aspiriant LLC acquired a new stake in shares of DTE Energy Company (NYSE:DTE - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,957 shares of the utilities provider's stock, valued at approximately $259,000.

Other institutional investors also recently made changes to their positions in the company. Graypoint LLC grew its position in shares of DTE Energy by 3.8% during the first quarter. Graypoint LLC now owns 2,021 shares of the utilities provider's stock worth $279,000 after buying an additional 74 shares in the last quarter. OneDigital Investment Advisors LLC lifted its position in shares of DTE Energy by 2.0% during the first quarter. OneDigital Investment Advisors LLC now owns 3,918 shares of the utilities provider's stock worth $542,000 after purchasing an additional 78 shares during the last quarter. Stephens Inc. AR grew its stake in DTE Energy by 1.8% in the first quarter. Stephens Inc. AR now owns 4,555 shares of the utilities provider's stock worth $630,000 after purchasing an additional 81 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in DTE Energy by 1.2% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 6,721 shares of the utilities provider's stock valued at $929,000 after buying an additional 82 shares during the last quarter. Finally, First American Bank raised its stake in DTE Energy by 0.7% during the first quarter. First American Bank now owns 12,304 shares of the utilities provider's stock valued at $1,701,000 after buying an additional 85 shares in the last quarter. 76.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DTE. Morgan Stanley dropped their price target on DTE Energy from $140.00 to $137.00 and set an "overweight" rating on the stock in a research report on Thursday, September 25th. Scotiabank reaffirmed a "sector perform" rating and issued a $147.00 price target on shares of DTE Energy in a report on Friday, October 3rd. UBS Group raised their price target on DTE Energy from $148.00 to $158.00 and gave the stock a "buy" rating in a report on Friday, October 10th. JPMorgan Chase & Co. boosted their price target on shares of DTE Energy from $145.00 to $147.00 and gave the company a "neutral" rating in a report on Tuesday, July 15th. Finally, Wall Street Zen upgraded shares of DTE Energy from a "sell" rating to a "hold" rating in a research report on Sunday. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $146.08.

DTE Energy Stock Up 0.3%

DTE stock opened at $141.99 on Friday. The firm's 50-day moving average is $138.55 and its two-hundred day moving average is $136.02. The company has a market capitalization of $29.48 billion, a price-to-earnings ratio of 20.43, a price-to-earnings-growth ratio of 3.04 and a beta of 0.42. DTE Energy Company has a 52 week low of $115.59 and a 52 week high of $143.79. The company has a current ratio of 0.94, a quick ratio of 0.57 and a debt-to-equity ratio of 1.96.

DTE Energy (NYSE:DTE - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The utilities provider reported $1.36 earnings per share for the quarter, missing analysts' consensus estimates of $1.37 by ($0.01). The business had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.67 billion. DTE Energy had a net margin of 10.16% and a return on equity of 12.72%. On average, analysts forecast that DTE Energy Company will post 7.18 earnings per share for the current fiscal year.

Insider Transactions at DTE Energy

In other DTE Energy news, VP Lisa A. Muschong sold 1,600 shares of DTE Energy stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $140.53, for a total value of $224,848.00. Following the transaction, the vice president owned 4,153 shares in the company, valued at approximately $583,621.09. The trade was a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.33% of the company's stock.

DTE Energy Company Profile

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets.

Want to see what other hedge funds are holding DTE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DTE Energy Company (NYSE:DTE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.