Vanguard Personalized Indexing Management LLC Purchases 2,452 Shares of DTE Energy (NYSE:DTE)

Vanguard Personalized Indexing Management LLC lifted its position in DTE Energy (NYSE:DTE) by 15.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,338 shares of the utilities provider’s stock after buying an additional 2,452 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in DTE Energy were worth $1,999,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. ESL Trust Services LLC purchased a new position in DTE Energy in the first quarter worth about $27,000. Rise Advisors LLC lifted its stake in shares of DTE Energy by 89.6% in the 1st quarter. Rise Advisors LLC now owns 273 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 129 shares during the period. Ridgewood Investments LLC bought a new position in shares of DTE Energy in the 2nd quarter worth approximately $31,000. Denali Advisors LLC purchased a new position in shares of DTE Energy in the first quarter worth approximately $34,000. Finally, Salomon & Ludwin LLC grew its position in 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 buying an additional 195 shares during the period. Institutional investors own 76.06% of the company’s stock.

DTE Energy Price Performance

Shares of NYSE:DTE opened at $125.09 on Friday. The firm has a market cap of $25.89 billion, a price-to-earnings ratio of 20.47, a P/E/G ratio of 2.28 and a beta of 0.67. The firm has a fifty day moving average price of $121.82 and a 200 day moving average price of $114.98. DTE Energy has a fifty-two week low of $90.14 and a fifty-two week high of $127.59. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.52 and a current ratio of 0.69.

DTE Energy (NYSE:DTE) last released 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 net margin of 11.18% and a return on equity of 12.18%. The business had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the prior year, the firm earned $0.99 EPS. As a group, sell-side analysts expect that DTE Energy will post 6.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DTE. Scotiabank increased their price target on shares of DTE Energy from $120.00 to $137.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. LADENBURG THALM/SH SH initiated coverage on DTE Energy in a research report on Wednesday, August 14th. They set a “buy” rating and a $131.00 target price on the stock. Bank of America boosted their price target on DTE Energy from $131.00 to $136.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Barclays raised their price objective on DTE Energy from $123.00 to $128.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 30th. Finally, Wells Fargo & Company boosted their price objective on DTE Energy from $125.00 to $133.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.