SOA Wealth Advisors LLC. Has $129,000 Stake in DTE Energy Company $DTE

SOA Wealth Advisors LLC. boosted its position in shares of DTE Energy Company (NYSE:DTE) by 85.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 974 shares of the utilities provider’s stock after buying an additional 449 shares during the period. SOA Wealth Advisors LLC.’s holdings in DTE Energy were worth $129,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of DTE. NBC Securities Inc. acquired a new stake in DTE Energy during the first quarter worth about $122,000. Merit Financial Group LLC boosted its stake in DTE Energy by 28.9% in the first quarter. Merit Financial Group LLC now owns 6,629 shares of the utilities provider’s stock valued at $917,000 after buying an additional 1,486 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in DTE Energy by 15.7% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 15,537 shares of the utilities provider’s stock valued at $2,148,000 after buying an additional 2,113 shares in the last quarter. Apella Capital LLC acquired a new stake in DTE Energy in the first quarter valued at about $314,000. Finally, Secure Asset Management LLC boosted its stake in DTE Energy by 8.0% in the first quarter. Secure Asset Management LLC now owns 4,129 shares of the utilities provider’s stock valued at $571,000 after buying an additional 305 shares in the last quarter. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Lisa A. Muschong sold 1,600 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $140.53, for a total value of $224,848.00. Following the sale, the vice president directly owned 4,153 shares in the company, valued at $583,621.09. This represents a 27.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.33% of the stock is owned by insiders.

Analysts Set New Price Targets

DTE has been the topic of several research analyst reports. BMO Capital Markets raised their price objective on DTE Energy from $140.00 to $144.00 and gave the company a “market perform” rating in a research note on Monday, August 25th. Morgan Stanley reduced their price objective on DTE Energy from $140.00 to $137.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. Barclays raised their price objective on DTE Energy from $136.00 to $138.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 15th. Wall Street Zen lowered DTE Energy from a “hold” rating to a “sell” rating in a research note on Sunday, September 14th. Finally, JPMorgan Chase & Co. raised their price objective on DTE Energy from $145.00 to $147.00 and gave the company a “neutral” rating in a research note on Tuesday, July 15th. Seven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, DTE Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.00.

DTE Energy Stock Performance

NYSE:DTE opened at $139.26 on Friday. The stock has a market cap of $28.91 billion, a P/E ratio of 20.04, a price-to-earnings-growth ratio of 2.78 and a beta of 0.42. The company has a current ratio of 0.94, a quick ratio of 0.57 and a debt-to-equity ratio of 1.96. The stock’s 50-day moving average is $138.01 and its 200-day moving average is $135.66. DTE Energy Company has a 1-year low of $115.59 and a 1-year high of $142.05.

DTE Energy (NYSE:DTE) last announced its earnings results on Tuesday, July 29th. The utilities provider reported $1.36 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.01). DTE Energy had a net margin of 10.16% and a return on equity of 12.72%. The company had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.67 billion. Equities research analysts anticipate that DTE Energy Company will post 7.18 earnings per share for the current year.

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.