CHICAGO TRUST Co NA Invests $773,000 in DTE Energy Company $DTE

Key Points

• Chicago Trust Co NA has invested $773,000 in DTE Energy, acquiring 5,839 shares during the second quarter.
• DTE Energy reported a Q2 EPS of $1.36, missing estimates slightly, while revenue exceeded expectations at $2.91 billion.
• Several analysts maintain a consensus rating of "Moderate Buy" on DTE Energy, with an average target price of $144.25.

CHICAGO TRUST Co NA bought a new position in DTE Energy Company (NYSE:DTE - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,839 shares of the utilities provider's stock, valued at approximately $773,000.

Other institutional investors have also made changes to their positions in the company. Cloud Capital Management LLC purchased a new position in shares of DTE Energy in the first quarter worth approximately $25,000. Quintet Private Bank Europe S.A. purchased a new position in shares of DTE Energy in the second quarter worth approximately $25,000. Olde Wealth Management LLC purchased a new position in shares of DTE Energy in the first quarter worth approximately $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of DTE Energy in the first quarter worth approximately $28,000. Finally, SouthState Corp purchased a new position in shares of DTE Energy in the first quarter worth approximately $29,000. 76.06% of the stock is owned by hedge funds and other institutional investors.

DTE Energy Stock Performance

DTE stock opened at $137.71 on Wednesday. The company has a quick ratio of 0.57, a current ratio of 0.94 and a debt-to-equity ratio of 1.96. The company has a market capitalization of $28.59 billion, a price-to-earnings ratio of 19.81, a P/E/G ratio of 2.70 and a beta of 0.42. DTE Energy Company has a 12 month low of $115.59 and a 12 month high of $142.05. The firm has a 50 day moving average of $137.68 and a two-hundred day moving average of $135.36.

DTE Energy (NYSE:DTE - Get Free Report) last posted its earnings results on Tuesday, July 29th. The utilities provider reported $1.36 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.01). The business had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.67 billion. DTE Energy had a return on equity of 12.72% and a net margin of 10.16%. As a group, equities analysts anticipate that DTE Energy Company will post 7.18 EPS for the current fiscal year.

Insider Buying and Selling

In other DTE Energy news, VP Lisa A. Muschong sold 1,600 shares of the business's 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 completion of the sale, the vice president directly owned 4,153 shares of the company's stock, valued at $583,621.09. The trade was a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.33% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Morgan Stanley set a $140.00 target price on shares of DTE Energy and gave the stock an "overweight" rating in a research report on Thursday, August 21st. BMO Capital Markets boosted their price objective on shares of DTE Energy from $140.00 to $144.00 and gave the company a "market perform" rating in a research report on Monday, August 25th. Barclays boosted their price objective on shares of DTE Energy from $136.00 to $138.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 15th. Wall Street Zen downgraded shares of DTE Energy from a "hold" rating to a "sell" rating in a research report on Sunday, September 14th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of DTE Energy from $145.00 to $147.00 and gave the company a "neutral" rating in a research report on Tuesday, July 15th. Seven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, DTE Energy presently has a consensus rating of "Moderate Buy" and an average target price of $144.25.

DTE Energy 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.

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