Kentucky Retirement Systems Has $1.73 Million Stock Position in DTE Energy (NYSE:DTE)

Kentucky Retirement Systems lessened its holdings in DTE Energy (NYSE:DTE) by 0.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,594 shares of the utilities provider’s stock after selling 85 shares during the period. Kentucky Retirement Systems’ holdings in DTE Energy were worth $1,731,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. ESL Trust Services LLC purchased a new stake in shares of DTE Energy in the first quarter worth approximately $27,000. Rise Advisors LLC grew its holdings in DTE Energy by 89.6% during the first quarter. Rise Advisors LLC now owns 273 shares of the utilities provider’s stock worth $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 $31,000. Denali Advisors LLC bought a new position in DTE Energy during the 1st quarter valued at $34,000. Finally, Salomon & Ludwin LLC boosted its holdings in DTE Energy by 82.3% during the 1st quarter. Salomon & Ludwin LLC now owns 432 shares of the utilities provider’s stock worth $48,000 after acquiring an additional 195 shares during the last quarter. Institutional investors own 76.06% of the company’s stock.

DTE Energy Stock Up 1.3 %

DTE stock opened at $125.09 on Friday. DTE Energy has a fifty-two week low of $90.14 and a fifty-two week high of $127.59. The stock has a fifty day moving average of $121.82 and a 200-day moving average of $114.98. The company has a market capitalization of $25.89 billion, a price-to-earnings ratio of 20.47, a PEG ratio of 2.28 and a beta of 0.67. 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 earnings results 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 during the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter last year, the company earned $0.99 earnings per share. As a group, equities research analysts predict that DTE Energy will post 6.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Barclays increased their target price on shares of DTE Energy from $123.00 to $128.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. Morgan Stanley lifted their target price on shares of DTE Energy from $114.00 to $121.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. BMO Capital Markets boosted their target price on DTE Energy from $126.00 to $135.00 and gave the stock a “market perform” rating in a research note on Friday, September 6th. LADENBURG THALM/SH SH began coverage on DTE Energy in a research report on Wednesday, August 14th. They set a “buy” rating and a $131.00 price target for the company. Finally, Bank of America boosted their price objective on DTE Energy from $131.00 to $136.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $127.58.

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.