Peddock Capital Advisors LLC Boosts Stake in DTE Energy (NYSE:DTE)

Peddock Capital Advisors LLC boosted its stake in DTE Energy (NYSE:DTE) by 4.4% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,295 shares of the utilities provider’s stock after buying an additional 351 shares during the quarter. Peddock Capital Advisors LLC’s holdings in DTE Energy were worth $1,065,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. ESL Trust Services LLC purchased a new stake in DTE Energy in the 1st quarter valued at approximately $27,000. Rise Advisors LLC lifted 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 buying an additional 129 shares in the last quarter. Ridgewood Investments LLC purchased a new stake in DTE Energy in the 2nd quarter valued at approximately $31,000. Denali Advisors LLC purchased a new stake in DTE Energy in the 1st quarter valued at approximately $34,000. Finally, Salomon & Ludwin LLC lifted 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 buying an additional 195 shares in the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

DTE Energy Price Performance

DTE Energy stock traded down $0.65 during mid-day trading on Wednesday, hitting $124.83. The company’s stock had a trading volume of 1,011,210 shares, compared to its average volume of 1,071,147. The stock’s fifty day moving average price is $124.14 and its two-hundred day moving average price is $116.41. DTE Energy has a twelve month low of $92.58 and a twelve 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 stock has a market capitalization of $25.83 billion, a P/E ratio of 20.54, a P/E/G ratio of 2.32 and a beta of 0.67.

DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Thursday, July 25th. The utilities provider reported $1.43 earnings per share 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 for the quarter, compared to analysts’ expectations of $2.65 billion. During the same period in the previous year, the company posted $0.99 EPS. Research analysts forecast that DTE Energy will post 6.7 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. KeyCorp upped their target price on DTE Energy from $130.00 to $136.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Wells Fargo & Company increased their price target on DTE Energy from $125.00 to $133.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Morgan Stanley upped their price objective on shares of DTE Energy from $121.00 to $128.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. BMO Capital Markets upped their price objective 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. Finally, Mizuho raised their target price 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. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $129.42.

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.