Stack Financial Management Inc Sells 1,040 Shares of DTE Energy Company $DTE

Stack Financial Management Inc lessened its stake in shares of DTE Energy Company (NYSE:DTE) by 0.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 111,303 shares of the utilities provider’s stock after selling 1,040 shares during the period. Stack Financial Management Inc owned 0.05% of DTE Energy worth $14,743,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of DTE. Cloud Capital Management LLC bought a new position in shares of DTE Energy in the first quarter worth about $25,000. Quintet Private Bank Europe S.A. purchased a new stake in DTE Energy in the 2nd quarter worth approximately $25,000. Olde Wealth Management LLC purchased a new stake in DTE Energy in the 1st quarter worth approximately $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in DTE Energy during the 1st quarter worth approximately $28,000. Finally, SouthState Corp purchased a new position in DTE Energy during the first 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

A number of brokerages have recently issued reports on DTE. JPMorgan Chase & Co. increased their price objective on shares of DTE Energy from $145.00 to $147.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 15th. Wall Street Zen lowered DTE Energy from a “hold” rating to a “sell” rating in a research note on Saturday. BMO Capital Markets raised their price target on DTE Energy from $140.00 to $144.00 and gave the company a “market perform” rating in a report on Monday, August 25th. Morgan Stanley lowered their price objective on 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, UBS Group increased their target price on DTE Energy from $148.00 to $158.00 and gave the stock a “buy” rating in a research report on Friday. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.25.

DTE Energy Stock Up 0.2%

DTE opened at $140.29 on Monday. The company has a market capitalization of $29.12 billion, a PE ratio of 20.19, a price-to-earnings-growth ratio of 3.01 and a beta of 0.42. The firm has a 50-day simple moving average of $138.40 and a two-hundred day simple moving average of $135.87. 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 Company has a 52 week low of $115.59 and a 52 week high of $143.79.

DTE Energy (NYSE:DTE) last issued its earnings results on Tuesday, July 29th. The utilities provider reported $1.36 earnings per share (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. Analysts forecast that DTE Energy Company will post 7.18 earnings per share for the current fiscal year.

Insider Activity

In other news, VP Lisa A. Muschong sold 1,600 shares of the stock in a transaction that occurred 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 transaction, the vice president directly owned 4,153 shares in the company, valued at approximately $583,621.09. This represents a 27.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.33% of the stock is owned by company insiders.

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.