DTE Energy Company $DTE Position Lifted by Cyndeo Wealth Partners LLC

Key Points

• Cyndeo Wealth Partners LLC increased its stake in DTE Energy Company by 4.4% in the second quarter, now holding 62,054 shares valued at approximately $8.22 million.
• Several institutional investors have also boosted their positions in DTE Energy, with Callan Family Office LLC increasing their stake by 198% during the same period.
• Wall Street analysts have a consensus rating of "Moderate Buy" for DTE Energy, with an average target price of $144.00 after multiple firms adjusted their price targets recently.

Cyndeo Wealth Partners LLC raised its stake in shares of DTE Energy Company (NYSE:DTE - Free Report) by 4.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,054 shares of the utilities provider's stock after acquiring an additional 2,602 shares during the quarter. Cyndeo Wealth Partners LLC's holdings in DTE Energy were worth $8,220,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Callan Family Office LLC boosted its stake in DTE Energy by 198.0% during the 2nd quarter. Callan Family Office LLC now owns 5,256 shares of the utilities provider's stock valued at $696,000 after acquiring an additional 3,492 shares during the last quarter. Blair William & Co. IL boosted its stake in DTE Energy by 3.0% during the 2nd quarter. Blair William & Co. IL now owns 10,500 shares of the utilities provider's stock valued at $1,391,000 after acquiring an additional 303 shares during the last quarter. Leo Wealth LLC boosted its stake in DTE Energy by 15.6% during the 2nd quarter. Leo Wealth LLC now owns 10,824 shares of the utilities provider's stock valued at $1,434,000 after acquiring an additional 1,458 shares during the last quarter. Maryland State Retirement & Pension System lifted its position in shares of DTE Energy by 4.2% in the 2nd quarter. Maryland State Retirement & Pension System now owns 10,071 shares of the utilities provider's stock worth $1,334,000 after buying an additional 408 shares during the last quarter. Finally, Optas LLC bought a new position in shares of DTE Energy in the 2nd quarter worth about $357,000. 76.06% of the stock is currently owned by institutional investors.

Insider Activity at DTE Energy

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DTE. JPMorgan Chase & Co. raised their price target on shares of DTE Energy from $145.00 to $147.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 15th. Scotiabank restated a "sector perform" rating and issued a $147.00 price target on shares of DTE Energy in a research report on Friday, October 3rd. BMO Capital Markets raised their price target on shares of DTE Energy from $140.00 to $144.00 and gave the stock a "market perform" rating in a research report on Monday, August 25th. Morgan Stanley reduced their price target on shares of DTE Energy from $140.00 to $137.00 and set an "overweight" rating on the stock in a research report on Thursday, September 25th. Finally, Barclays raised their price target on shares of DTE Energy from $136.00 to $138.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 15th. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $144.00.

DTE Energy Trading Down 1.1%

Shares of NYSE:DTE opened at $140.05 on Friday. The company has a market cap of $29.07 billion, a PE ratio of 20.15, a P/E/G ratio of 2.81 and a beta of 0.42. The company's 50-day moving average price is $138.36 and its 200 day moving average price is $135.83. DTE Energy Company has a fifty-two week low of $115.59 and a fifty-two week high of $143.79. The company has a quick ratio of 0.57, a current ratio of 0.94 and a debt-to-equity ratio of 1.96.

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

About DTE Energy

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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