Friedenthal Financial bought a new stake in 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 bought 6,715 shares of the utilities provider's stock, valued at approximately $889,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in DTE. Cloud Capital Management LLC bought a new position in DTE Energy during the 1st quarter valued at approximately $25,000. Quintet Private Bank Europe S.A. bought a new position in DTE Energy during the 2nd quarter valued at approximately $25,000. Olde Wealth Management LLC bought a new position in DTE Energy during the 1st quarter valued at approximately $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in DTE Energy during the 1st quarter valued at approximately $28,000. Finally, SouthState Corp bought a new position in DTE Energy during the 1st quarter valued at approximately $29,000. Hedge funds and other institutional investors own 76.06% of the company's stock.
Analysts Set New Price Targets
DTE has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of DTE Energy in a research report on Saturday, September 27th. Wall Street Zen raised DTE Energy from a "sell" rating to a "hold" rating in a report on Friday, October 3rd. BMO Capital Markets lifted their target price on DTE Energy from $140.00 to $144.00 and gave the stock a "market perform" rating in a report on Monday, August 25th. Morgan Stanley reduced their target price on DTE Energy from $140.00 to $137.00 and set an "overweight" rating for the company in a report on Thursday, September 25th. Finally, JPMorgan Chase & Co. lifted their target price on DTE Energy from $145.00 to $147.00 and gave the stock a "neutral" rating in a report on Tuesday, July 15th. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $144.00.
Read Our Latest Analysis on DTE
DTE Energy Stock Performance
Shares of DTE opened at $142.20 on Wednesday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.94 and a quick ratio of 0.57. DTE Energy Company has a one year low of $115.59 and a one year high of $143.79. The firm has a market capitalization of $29.52 billion, a P/E ratio of 20.46, a PEG ratio of 2.81 and a beta of 0.42. The business has a fifty day moving average of $138.21 and a 200 day moving average of $135.76.
DTE Energy (NYSE:DTE - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The utilities provider reported $1.36 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.01). DTE Energy had a return on equity of 12.72% and a net margin of 10.16%.The firm had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.67 billion. As a group, sell-side analysts anticipate that DTE Energy Company will post 7.18 EPS for the current year.
Insider Activity at DTE Energy
In related news, VP Lisa A. Muschong sold 1,600 shares of DTE Energy stock in a transaction on Thursday, August 14th. The stock was 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 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 sale was disclosed in a legal filing with the SEC, which is available at this link. 0.33% of the stock is owned by insiders.
DTE Energy Company Profile
(
Free Report)
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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