Blair William & Co. IL Purchases 303 Shares of DTE Energy Company $DTE

Blair William & Co. IL increased its position in shares of DTE Energy Company (NYSE:DTE) by 3.0% in the second quarter, Holdings Channel reports. The institutional investor owned 10,500 shares of the utilities provider’s stock after buying an additional 303 shares during the period. Blair William & Co. IL’s holdings in DTE Energy were worth $1,391,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Cloud Capital Management LLC bought a new position in DTE Energy in the first quarter valued at approximately $25,000. Quintet Private Bank Europe S.A. bought a new position in DTE Energy in the second quarter valued at approximately $25,000. Olde Wealth Management LLC bought a new position in DTE Energy in the first quarter valued at approximately $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in DTE Energy in the first quarter valued at approximately $28,000. Finally, SouthState Corp bought a new position in DTE Energy in the first quarter valued at approximately $29,000. 76.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DTE has been the subject of a number of analyst reports. Morgan Stanley decreased their price target on DTE Energy from $140.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Scotiabank restated a “sector perform” rating and issued a $147.00 price target on shares of DTE Energy in a research note on Friday, October 3rd. Wall Street Zen downgraded DTE Energy from a “hold” rating to a “sell” rating in a research note on Saturday, October 11th. JPMorgan Chase & Co. raised their price target on DTE Energy from $145.00 to $147.00 and gave the company a “neutral” rating in a research note on Tuesday, July 15th. Finally, Barclays raised their price objective on DTE Energy from $138.00 to $148.00 and gave the company an “equal weight” rating in a research report on Tuesday. Seven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $146.08.

DTE Energy Stock Performance

DTE opened at $142.46 on Thursday. DTE Energy Company has a 12-month low of $115.59 and a 12-month high of $143.79. The stock has a market cap of $29.57 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 3.03 and a beta of 0.42. The business has a 50 day moving average of $138.49 and a 200-day moving average of $135.99. The company has a quick ratio of 0.57, a current ratio of 0.94 and a debt-to-equity ratio of 1.96.

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

Insiders Place Their Bets

In related news, VP Lisa A. Muschong sold 1,600 shares of DTE Energy stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $140.53, for a total transaction of $224,848.00. Following the completion of the sale, the vice president directly owned 4,153 shares of the company’s stock, valued at approximately $583,621.09. This trade represents a 27.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.33% of the company’s stock.

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.