1,548 Shares in DTE Energy Company $DTE Purchased by Segment Wealth Management LLC

Segment Wealth Management LLC bought a new position in shares of DTE Energy Company (NYSE:DTE) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,548 shares of the utilities provider’s stock, valued at approximately $205,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Ascent Group LLC raised its holdings in DTE Energy by 0.8% during the second quarter. Ascent Group LLC now owns 13,677 shares of the utilities provider’s stock worth $1,812,000 after acquiring an additional 103 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in DTE Energy during the second quarter worth about $427,000. Hilltop National Bank bought a new stake in DTE Energy during the second quarter worth about $84,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in DTE Energy by 10.2% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,291 shares of the utilities provider’s stock worth $3,218,000 after acquiring an additional 2,239 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in DTE Energy by 6.8% during the second quarter. Robeco Institutional Asset Management B.V. now owns 225,120 shares of the utilities provider’s stock worth $29,819,000 after acquiring an additional 14,392 shares in the last quarter. Institutional investors own 76.06% of the company’s stock.

DTE Energy Price Performance

DTE Energy stock opened at $140.02 on Friday. DTE Energy Company has a 12 month low of $115.59 and a 12 month high of $142.05. The stock’s 50 day moving average is $138.02 and its 200-day moving average is $135.69. 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 company has a market capitalization of $29.07 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 2.78 and a beta of 0.42.

DTE Energy (NYSE:DTE) last posted 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 firm had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.67 billion. Equities research analysts expect that DTE Energy Company will post 7.18 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on DTE shares. Wall Street Zen raised DTE Energy from a “sell” rating to a “hold” rating in a research report on Friday. Morgan Stanley lowered their price target on DTE Energy from $140.00 to $137.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. Barclays boosted their price target on DTE Energy from $136.00 to $138.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 15th. JPMorgan Chase & Co. boosted their price target on DTE Energy from $145.00 to $147.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 15th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of DTE Energy in a research report on Saturday, September 27th. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $144.00.

Insider Activity

In related news, VP Lisa A. Muschong sold 1,600 shares of the business’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 completion of the sale, the vice president directly owned 4,153 shares in the company, valued at approximately $583,621.09. The trade was a 27.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.33% of the company’s stock.

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.