Stephens Inc. AR Boosts Holdings in DTE Energy Company $DTE

Stephens Inc. AR raised its stake in DTE Energy Company (NYSE:DTE) by 6.6% during the second quarter, Holdings Channel.com reports. The institutional investor owned 4,855 shares of the utilities provider’s stock after purchasing an additional 300 shares during the quarter. Stephens Inc. AR’s holdings in DTE Energy were worth $643,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in DTE. Northern Trust Corp grew its holdings in shares of DTE Energy by 0.5% during the 1st quarter. Northern Trust Corp now owns 1,836,832 shares of the utilities provider’s stock valued at $253,979,000 after purchasing an additional 9,664 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of DTE Energy by 65.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,612,925 shares of the utilities provider’s stock valued at $223,019,000 after purchasing an additional 637,378 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of DTE Energy by 57.4% during the 1st quarter. JPMorgan Chase & Co. now owns 1,405,516 shares of the utilities provider’s stock valued at $194,341,000 after purchasing an additional 512,567 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of DTE Energy by 0.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,316,107 shares of the utilities provider’s stock valued at $181,978,000 after purchasing an additional 9,443 shares during the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of DTE Energy by 1.2% during the 1st quarter. Royal Bank of Canada now owns 1,173,220 shares of the utilities provider’s stock valued at $162,221,000 after purchasing an additional 13,884 shares during the last quarter. Institutional investors own 76.06% of the company’s stock.

Insider Transactions at DTE Energy

In related news, VP Lisa A. Muschong sold 1,600 shares of DTE Energy 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 completion of the transaction, the vice president directly owned 4,153 shares of the company’s stock, valued at $583,621.09. This trade represents a 27.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.33% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

DTE has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of DTE Energy from a “sell” rating to a “hold” rating in a report on Sunday, October 19th. Scotiabank reissued a “sector perform” rating and issued a $147.00 price target on shares of DTE Energy in a report on Friday, October 3rd. Morgan Stanley raised their price target on shares of DTE Energy from $137.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday. UBS Group raised their price target on shares of DTE Energy from $148.00 to $158.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Finally, BMO Capital Markets raised their target price 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. Seven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $148.60.

DTE Energy Trading Up 0.2%

Shares of NYSE DTE opened at $141.77 on Friday. DTE Energy Company has a 1 year low of $115.59 and a 1 year high of $143.79. The stock has a market cap of $29.43 billion, a P/E ratio of 20.40, a price-to-earnings-growth ratio of 3.03 and a beta of 0.42. The firm has a 50-day moving average of $138.78 and a 200 day moving average of $136.36. 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 (NYSE:DTE) last issued its quarterly earnings results on Tuesday, July 29th. The utilities provider reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.01). DTE Energy had a net margin of 10.16% and a return on equity of 12.72%. The business had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.67 billion. As a group, sell-side analysts expect that DTE Energy Company will post 7.18 EPS for the current fiscal year.

DTE Energy 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.