Massmutual Trust Co. FSB ADV Increases Stock Holdings in DTE Energy (NYSE:DTE)

Massmutual Trust Co. FSB ADV lifted its stake in shares of DTE Energy (NYSE:DTE) by 8.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,947 shares of the utilities provider’s stock after buying an additional 313 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in DTE Energy were worth $507,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. ESL Trust Services LLC acquired a new stake in DTE Energy during the 1st quarter valued at approximately $27,000. Rise Advisors LLC grew its stake in DTE Energy by 89.6% during the 1st quarter. Rise Advisors LLC now owns 273 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 129 shares in the last quarter. Ridgewood Investments LLC acquired a new stake in DTE Energy during the 2nd quarter valued at approximately $31,000. Denali Advisors LLC acquired a new stake in DTE Energy during the 1st quarter valued at approximately $34,000. Finally, Salomon & Ludwin LLC grew its stake in DTE Energy by 82.3% during the 1st quarter. Salomon & Ludwin LLC now owns 432 shares of the utilities provider’s stock valued at $48,000 after purchasing an additional 195 shares in the last quarter. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

DTE Energy Trading Down 0.4 %

Shares of NYSE DTE opened at $126.98 on Friday. The stock’s 50 day simple moving average is $123.92 and its 200 day simple moving average is $116.10. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73. The company has a market cap of $26.28 billion, a price-to-earnings ratio of 20.78, a price-to-earnings-growth ratio of 2.32 and a beta of 0.67. DTE Energy has a 12-month low of $90.14 and a 12-month high of $129.53.

DTE Energy (NYSE:DTE) last announced its 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. The firm had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.65 billion. DTE Energy had a return on equity of 12.18% and a net margin of 11.18%. During the same quarter in the previous year, the business earned $0.99 EPS. Equities research analysts expect that DTE Energy will post 6.7 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on DTE shares. BMO Capital Markets raised their price objective on DTE Energy from $126.00 to $135.00 and gave the company a “market perform” rating in a research note on Friday, September 6th. Wells Fargo & Company lifted their target price on DTE Energy from $125.00 to $133.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Morgan Stanley lifted their target price on DTE Energy from $121.00 to $128.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. KeyCorp lifted their target price on DTE Energy from $130.00 to $136.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Finally, Mizuho lifted their target price on DTE Energy from $121.00 to $133.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.67.

About DTE Energy

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.