Farmers Trust Co. Sells 125 Shares of DTE Energy (NYSE:DTE)

Farmers Trust Co. lessened its stake in shares of DTE Energy (NYSE:DTE) by 5.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,309 shares of the utilities provider’s stock after selling 125 shares during the period. Farmers Trust Co.’s holdings in DTE Energy were worth $296,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allianz Asset Management GmbH raised its stake in DTE Energy by 66.5% in the fourth quarter. Allianz Asset Management GmbH now owns 29,575 shares of the utilities provider’s stock worth $3,261,000 after buying an additional 11,809 shares in the last quarter. KBC Group NV raised its stake in DTE Energy by 13.4% in the fourth quarter. KBC Group NV now owns 13,669 shares of the utilities provider’s stock worth $1,507,000 after buying an additional 1,617 shares in the last quarter. Rafferty Asset Management LLC raised its stake in DTE Energy by 9.5% in the fourth quarter. Rafferty Asset Management LLC now owns 23,001 shares of the utilities provider’s stock worth $2,536,000 after buying an additional 1,990 shares in the last quarter. Belpointe Asset Management LLC raised its stake in DTE Energy by 24.8% in the fourth quarter. Belpointe Asset Management LLC now owns 2,513 shares of the utilities provider’s stock worth $277,000 after buying an additional 499 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its stake in DTE Energy by 2.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 9,533 shares of the utilities provider’s stock worth $1,051,000 after buying an additional 268 shares in the last quarter. Institutional investors own 76.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. KeyCorp lifted their price target on shares of DTE Energy from $130.00 to $136.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Morgan Stanley lifted their price target on shares of DTE Energy from $121.00 to $128.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Mizuho lifted their price target on shares of DTE Energy from $121.00 to $133.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Wells Fargo & Company lifted their price target on shares of DTE Energy from $125.00 to $133.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Finally, Barclays lifted their price target on shares of DTE Energy from $123.00 to $128.00 and gave the stock an “overweight” rating in a report on Tuesday, July 30th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, DTE Energy currently has an average rating of “Moderate Buy” and an average price target of $128.67.

DTE Energy Stock Performance

NYSE:DTE traded down $0.57 during mid-day trading on Friday, hitting $126.98. The company’s stock had a trading volume of 721,390 shares, compared to its average volume of 1,073,248. The business’s fifty day moving average is $123.92 and its two-hundred day moving average is $116.10. The stock has a market cap of $26.28 billion, a price-to-earnings ratio of 20.78, a PEG ratio of 2.32 and a beta of 0.67. DTE Energy has a 1 year low of $90.14 and a 1 year high of $129.53. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.69 and a quick ratio of 0.52.

DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Thursday, July 25th. The utilities provider reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.22. The business had revenue of $2.88 billion during 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 quarter in the prior year, the firm posted $0.99 earnings per share. Analysts anticipate that DTE Energy will post 6.7 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.