Edgestream Partners L.P. Lowers Stake in DTE Energy (NYSE:DTE)

Edgestream Partners L.P. lessened its holdings in DTE Energy (NYSE:DTE) by 88.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,185 shares of the utilities provider’s stock after selling 39,003 shares during the period. Edgestream Partners L.P.’s holdings in DTE Energy were worth $576,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Aptus Capital Advisors LLC increased its position in shares of DTE Energy by 3.7% in the second quarter. Aptus Capital Advisors LLC now owns 2,632 shares of the utilities provider’s stock valued at $292,000 after buying an additional 94 shares in the last quarter. Center for Financial Planning Inc. raised its position in DTE Energy by 2.2% during the first quarter. Center for Financial Planning Inc. now owns 4,972 shares of the utilities provider’s stock worth $558,000 after acquiring an additional 105 shares during the period. TIAA Trust National Association lifted its holdings in DTE Energy by 2.9% during the first quarter. TIAA Trust National Association now owns 3,771 shares of the utilities provider’s stock valued at $423,000 after purchasing an additional 106 shares in the last quarter. S.A. Mason LLC grew its position in shares of DTE Energy by 10.5% in the second quarter. S.A. Mason LLC now owns 1,120 shares of the utilities provider’s stock valued at $124,000 after purchasing an additional 106 shares during the period. Finally, Texas Permanent School Fund Corp increased its stake in shares of DTE Energy by 0.3% during the first quarter. Texas Permanent School Fund Corp now owns 41,908 shares of the utilities provider’s stock worth $4,700,000 after purchasing an additional 107 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Stock Up 1.3 %

Shares of DTE opened at $125.09 on Monday. The company’s 50-day moving average price is $121.82 and its 200 day moving average price is $115.04. DTE Energy has a 12-month low of $90.14 and a 12-month high of $127.59. 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 firm has a market cap of $25.89 billion, a P/E ratio of 20.47, a price-to-earnings-growth ratio of 2.28 and a beta of 0.67.

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 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 analyst estimates of $2.65 billion. During the same period in the prior year, the business posted $0.99 EPS. On average, sell-side analysts forecast that DTE Energy will post 6.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. KeyCorp lifted their price objective on DTE Energy from $126.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Wells Fargo & Company boosted their price target on DTE Energy from $125.00 to $133.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. LADENBURG THALM/SH SH initiated coverage on DTE Energy in a report on Wednesday, August 14th. They issued a “buy” rating and a $131.00 price objective on the stock. Mizuho upped 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. Finally, BMO Capital Markets raised their price target on shares of DTE Energy from $126.00 to $135.00 and gave the stock a “market perform” rating in a research note on Friday, September 6th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $127.58.

DTE Energy 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.