Huber Capital Management LLC Decreases Stock Position in DTE Energy (NYSE:DTE)

Huber Capital Management LLC trimmed its position in shares of DTE Energy (NYSE:DTE) by 3.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,786 shares of the utilities provider’s stock after selling 208 shares during the quarter. Huber Capital Management LLC’s holdings in DTE Energy were worth $642,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. ESL Trust Services LLC purchased a new stake in DTE Energy in the first quarter worth $27,000. Rise Advisors LLC boosted its position in DTE Energy by 89.6% in the 1st 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 period. Ridgewood Investments LLC bought a new position in DTE Energy in the 2nd quarter worth about $31,000. Denali Advisors LLC purchased a new position in shares of DTE Energy during the first quarter worth approximately $34,000. Finally, Salomon & Ludwin LLC raised its stake in shares of DTE Energy by 82.3% during the first quarter. Salomon & Ludwin LLC now owns 432 shares of the utilities provider’s stock valued at $48,000 after acquiring an additional 195 shares in the last quarter. Institutional investors own 76.06% of the company’s stock.

DTE Energy Price Performance

NYSE DTE opened at $125.09 on Friday. DTE Energy has a 1 year low of $90.14 and a 1 year high of $127.59. The company has a market cap of $25.89 billion, a price-to-earnings ratio of 20.47, a PEG ratio of 2.28 and a beta of 0.67. 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 stock’s fifty day moving average price is $121.82 and its 200 day moving average price is $114.98.

DTE Energy (NYSE:DTE) last announced its quarterly earnings results on Thursday, July 25th. The utilities provider reported $1.43 earnings per share 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 company had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same period last year, the business earned $0.99 earnings per share. As a group, equities research analysts forecast that DTE Energy will post 6.7 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on DTE. Morgan Stanley increased their price objective on DTE Energy from $114.00 to $121.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. KeyCorp upped their price objective on shares of DTE Energy from $126.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Mizuho raised their target price on shares of DTE Energy from $121.00 to $133.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Bank of America upped their price target on shares of DTE Energy from $131.00 to $136.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Finally, Scotiabank lifted their price objective on shares of DTE Energy from $120.00 to $137.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $127.58.

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.