DTE Energy (NYSE:DTE) Shares Purchased by ASB Consultores LLC

ASB Consultores LLC raised its holdings in DTE Energy (NYSE:DTE) by 4.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,179 shares of the utilities provider’s stock after acquiring an additional 101 shares during the period. ASB Consultores LLC’s holdings in DTE Energy were worth $242,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Canada Pension Plan Investment Board increased its stake in shares of DTE Energy by 17.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 449,985 shares of the utilities provider’s stock valued at $49,953,000 after acquiring an additional 68,000 shares during the last quarter. XTX Topco Ltd purchased a new stake in DTE Energy in the second quarter valued at approximately $855,000. Seven Eight Capital LP acquired a new position in DTE Energy during the second quarter worth approximately $427,000. Beck Bode LLC purchased a new position in DTE Energy during the second quarter worth approximately $13,355,000. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in shares of DTE Energy by 15.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 18,338 shares of the utilities provider’s stock valued at $1,999,000 after purchasing an additional 2,452 shares during the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

DTE Energy Trading Up 1.3 %

DTE opened at $125.09 on Friday. The firm has a market capitalization of $25.89 billion, a P/E ratio of 20.47, a P/E/G ratio of 2.28 and a beta of 0.67. The firm’s 50 day moving average is $121.82 and its 200-day moving average is $114.98. The company has a quick ratio of 0.52, a current ratio of 0.69 and a debt-to-equity ratio of 1.73. DTE Energy has a 52-week low of $90.14 and a 52-week high of $127.59.

DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Thursday, July 25th. The utilities provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.22. The firm had revenue of $2.88 billion for the quarter, compared to analyst estimates 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 previous year, the business posted $0.99 EPS. Analysts expect that DTE Energy will post 6.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DTE. Bank of America upped their price objective on DTE Energy from $131.00 to $136.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Wells Fargo & Company upped their price target on DTE Energy from $125.00 to $133.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Mizuho lifted their price objective on DTE Energy from $121.00 to $133.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. LADENBURG THALM/SH SH began coverage on DTE Energy in a report on Wednesday, August 14th. They set a “buy” rating and a $131.00 target price for the company. Finally, BMO Capital Markets raised their price target on shares of DTE Energy from $126.00 to $135.00 and gave the company a “market perform” rating in a report on Friday, September 6th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, DTE Energy presently has an average rating of “Moderate Buy” and a consensus price target of $127.58.

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.