DTE Energy (NYSE:DTE) Shares Purchased by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of DTE Energy (NYSE:DTE) by 8.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,475 shares of the utilities provider’s stock after acquiring an additional 639 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in DTE Energy were worth $941,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of DTE. ESL Trust Services LLC acquired a new position in shares of DTE Energy during the first quarter valued at about $27,000. Rise Advisors LLC boosted its position in DTE Energy by 89.6% in the first quarter. Rise Advisors LLC now owns 273 shares of the utilities provider’s stock valued at $31,000 after buying an additional 129 shares during the last quarter. Ridgewood Investments LLC purchased a new stake in DTE Energy in the second quarter valued at approximately $31,000. Denali Advisors LLC purchased a new stake in DTE Energy in the first quarter valued at approximately $34,000. Finally, Salomon & Ludwin LLC boosted its position in DTE Energy by 82.3% in the first quarter. Salomon & Ludwin LLC now owns 432 shares of the utilities provider’s stock valued at $48,000 after buying an additional 195 shares during the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Trading Down 0.7 %

Shares of DTE stock opened at $123.53 on Friday. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.69 and a quick ratio of 0.52. The company has a market cap of $25.56 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 2.28 and a beta of 0.67. The stock has a 50 day simple moving average of $121.60 and a 200-day simple moving average of $114.87. DTE Energy has a 1-year low of $90.14 and a 1-year high of $127.59.

DTE Energy (NYSE:DTE) last posted its quarterly earnings data 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 return on equity of 12.18% and a net margin of 11.18%. The firm had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same period in the prior year, the company earned $0.99 EPS. On average, equities research analysts expect that DTE Energy will post 6.7 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on DTE. StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a research report on Sunday, August 11th. Scotiabank upped their target price on DTE Energy from $120.00 to $137.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Wells Fargo & Company upped their price objective on DTE Energy from $125.00 to $133.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. LADENBURG THALM/SH SH initiated coverage on DTE Energy in a research report on Wednesday, August 14th. They issued a “buy” rating and a $131.00 price objective on the stock. Finally, BMO Capital Markets upped their price objective on DTE Energy from $126.00 to $135.00 and gave the stock a “market perform” rating in a research report on Friday, September 6th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, DTE Energy currently has a consensus rating of “Moderate Buy” and an average target price of $127.58.

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.