Calton & Associates Inc. Buys New Stake in DTE Energy (NYSE:DTE)

Calton & Associates Inc. bought a new stake in shares of DTE Energy (NYSE:DTE) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,675 shares of the utilities provider’s stock, valued at approximately $215,000.

Other institutional investors also recently bought and sold shares of the company. ESL Trust Services LLC purchased a new position in shares of DTE Energy in the 1st quarter worth $27,000. Ridgewood Investments LLC purchased a new position in shares of DTE Energy in the 2nd quarter worth $31,000. Denali Advisors LLC purchased a new position in shares of DTE Energy in the 1st quarter worth $34,000. Salomon & Ludwin LLC grew its stake in shares of DTE Energy by 82.3% in the 1st quarter. Salomon & Ludwin LLC now owns 432 shares of the utilities provider’s stock worth $48,000 after buying an additional 195 shares in the last quarter. Finally, Fairscale Capital LLC purchased a new position in shares of DTE Energy in the 2nd quarter worth $54,000. 76.06% of the stock is owned by hedge funds and other institutional investors.

DTE Energy Trading Up 0.2 %

NYSE:DTE opened at $128.18 on Wednesday. DTE Energy has a one year low of $92.58 and a one year high of $129.53. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.52 and a current ratio of 0.69. The firm has a market cap of $26.53 billion, a P/E ratio of 20.98, a P/E/G ratio of 2.29 and a beta of 0.67. The firm has a 50-day simple moving average of $125.36 and a 200-day simple moving average of $117.58.

DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Thursday, July 25th. The utilities provider reported $1.43 EPS for the quarter, beating the consensus estimate of $1.21 by $0.22. DTE Energy had a net margin of 11.18% and a return on equity of 12.18%. The business had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.65 billion. During the same quarter in the previous year, the business posted $0.99 EPS. Equities analysts anticipate that DTE Energy will post 6.7 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on DTE shares. StockNews.com raised shares of DTE Energy from a “sell” rating to a “hold” rating in a research note on Sunday, August 11th. Bank of America lifted their price target on shares of DTE Energy from $131.00 to $136.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Barclays lifted their price target on shares of DTE Energy from $128.00 to $137.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. LADENBURG THALM/SH SH started coverage on shares of DTE Energy in a research note on Wednesday, August 14th. They set a “buy” rating and a $131.00 price target for the company. Finally, KeyCorp lifted their price target on shares of DTE Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a research note on Tuesday. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, DTE Energy presently has a consensus rating of “Moderate Buy” and an average price target of $130.54.

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.