AlphaQuest LLC Has $645,000 Stock Position in DTE Energy Company $DTE

AlphaQuest LLC lifted its stake in DTE Energy Company (NYSE:DTE) by 1,597.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,873 shares of the utilities provider’s stock after acquiring an additional 4,586 shares during the quarter. AlphaQuest LLC’s holdings in DTE Energy were worth $645,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Cloud Capital Management LLC acquired a new position in DTE Energy during the first quarter worth approximately $25,000. Quintet Private Bank Europe S.A. acquired a new position in DTE Energy during the second quarter worth approximately $25,000. Olde Wealth Management LLC acquired a new position in DTE Energy during the first quarter worth approximately $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in DTE Energy during the first quarter worth approximately $28,000. Finally, SouthState Corp acquired a new position in DTE Energy during the first quarter worth approximately $29,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DTE. Morgan Stanley boosted their price target on DTE Energy from $137.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. JPMorgan Chase & Co. upped their target price on DTE Energy from $145.00 to $147.00 and gave the company a “neutral” rating in a research report on Tuesday, July 15th. Barclays upped their target price on DTE Energy from $138.00 to $148.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 14th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of DTE Energy in a research report on Wednesday, October 8th. Finally, BMO Capital Markets upped their target price on DTE Energy from $140.00 to $144.00 and gave the company a “market perform” rating in a research report on Monday, August 25th. Seven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $148.90.

DTE Energy Stock Down 0.1%

NYSE DTE opened at $141.68 on Tuesday. The business has a fifty day moving average price of $138.86 and a two-hundred day moving average price of $136.55. 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 fifty-two week low of $115.59 and a fifty-two week high of $143.79. The stock has a market capitalization of $29.41 billion, a PE ratio of 20.39, a PEG ratio of 3.04 and a beta of 0.42.

DTE Energy (NYSE:DTE) last released its earnings results 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). DTE Energy had a return on equity of 12.72% and a net margin of 10.16%.The business had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.67 billion. Equities analysts expect that DTE Energy Company will post 7.18 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other DTE Energy news, VP Lisa A. Muschong sold 1,600 shares of the company’s stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $140.53, for a total transaction of $224,848.00. Following the completion of the sale, the vice president directly owned 4,153 shares in the company, valued at $583,621.09. This represents a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.33% of the stock is owned by insiders.

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.