American Century Companies Inc. Purchases 1,923 Shares of DTE Energy (NYSE:DTE)

American Century Companies Inc. lifted its position in DTE Energy (NYSE:DTE) by 2.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,832 shares of the utilities provider’s stock after acquiring an additional 1,923 shares during the quarter. American Century Companies Inc.’s holdings in DTE Energy were worth $9,084,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. ESL Trust Services LLC bought a new position in DTE Energy during the first quarter valued at about $27,000. Rise Advisors LLC grew its position in DTE Energy by 89.6% during 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 period. Ridgewood Investments LLC bought a new position in DTE Energy during the second quarter valued at about $31,000. Denali Advisors LLC bought a new position in DTE Energy during the first quarter valued at about $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 Trading Up 1.3 %

DTE stock opened at $125.09 on Monday. The company has a market capitalization of $25.89 billion, a PE ratio of 20.47, a price-to-earnings-growth ratio of 2.28 and a beta of 0.67. DTE Energy has a one year low of $90.14 and a one year high of $127.59. The company’s 50 day moving average price is $121.82 and its two-hundred day moving average price is $115.04. 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 posted its quarterly earnings results on Thursday, July 25th. The utilities provider reported $1.43 EPS for the quarter, topping the consensus estimate of $1.21 by $0.22. The firm had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.65 billion. DTE Energy had a net margin of 11.18% and a return on equity of 12.18%. During the same period last year, the firm posted $0.99 earnings per share. As a group, analysts predict that DTE Energy will post 6.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on DTE shares. BMO Capital Markets increased their price target on shares of DTE Energy from $126.00 to $135.00 and gave the company a “market perform” rating in a research report on Friday, September 6th. Scotiabank increased their target price 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. Barclays increased their target price on shares of DTE Energy from $123.00 to $128.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 30th. Mizuho increased their target price on shares of DTE Energy from $121.00 to $133.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Finally, LADENBURG THALM/SH SH started coverage on shares of DTE Energy in a report on Wednesday, August 14th. They issued a “buy” rating and a $131.00 price target on the stock. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock presently has an average 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.