Fulton Bank N.A. Lowers Position in DTE Energy (NYSE:DTE)

Fulton Bank N.A. lessened its holdings in DTE Energy (NYSE:DTE) by 2.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,038 shares of the utilities provider’s stock after selling 323 shares during the quarter. Fulton Bank N.A.’s holdings in DTE Energy were worth $1,931,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of DTE. ESL Trust Services LLC bought a new position in DTE Energy in the 1st quarter valued at $27,000. Rise Advisors LLC grew its stake 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 purchasing an additional 129 shares during the period. Ridgewood Investments LLC bought a new position in DTE Energy in the 2nd quarter valued at $31,000. Denali Advisors LLC bought a new position in DTE Energy in the 1st quarter valued at $34,000. Finally, Salomon & Ludwin LLC grew its stake in DTE Energy by 82.3% in 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 during the period. Institutional investors own 76.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Scotiabank upped their price objective on DTE Energy from $120.00 to $137.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. LADENBURG THALM/SH SH assumed coverage on DTE Energy in a research note on Wednesday, August 14th. They set a “buy” rating and a $131.00 price target for the company. KeyCorp increased their target price on shares of DTE Energy from $130.00 to $136.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Barclays increased their target price on shares of DTE Energy from $128.00 to $137.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, StockNews.com raised shares of DTE Energy from a “sell” rating to a “hold” rating in a report on Sunday, August 11th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.42.

DTE Energy Price Performance

Shares of DTE Energy stock opened at $125.29 on Tuesday. The firm has a market cap of $25.93 billion, a PE ratio of 20.51, a price-to-earnings-growth ratio of 2.32 and a beta of 0.67. DTE Energy has a 12-month low of $92.58 and a 12-month high of $129.53. The company has a quick ratio of 0.52, a current ratio of 0.69 and a debt-to-equity ratio of 1.73. The company’s fifty day simple moving average is $123.92 and its two-hundred day simple moving average is $116.18.

DTE Energy (NYSE:DTE) last posted its 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. DTE Energy had a net margin of 11.18% and a return on equity of 12.18%. The firm had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same period last year, the company posted $0.99 EPS. As a group, equities analysts expect that DTE Energy will post 6.7 EPS for the current year.

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.