Retirement Guys Formula LLC Purchases 376 Shares of DTE Energy (NYSE:DTE)

Retirement Guys Formula LLC lifted its stake in shares of DTE Energy (NYSE:DTE) by 4.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,798 shares of the utilities provider’s stock after acquiring an additional 376 shares during the quarter. Retirement Guys Formula LLC’s holdings in DTE Energy were worth $1,130,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. ESL Trust Services LLC bought a new position in shares of DTE Energy during the 1st quarter valued at approximately $27,000. Ridgewood Investments LLC bought a new position in shares of DTE Energy during the 2nd quarter valued at approximately $31,000. Denali Advisors LLC bought a new position in shares of DTE Energy during the 1st quarter valued at approximately $34,000. Salomon & Ludwin LLC grew its stake in shares of DTE Energy by 82.3% during the 1st quarter. Salomon & Ludwin LLC now owns 432 shares of the utilities provider’s stock valued at $48,000 after acquiring an additional 195 shares during the period. Finally, Fairscale Capital LLC bought a new position in DTE Energy in the 2nd quarter worth approximately $54,000. 76.06% of the stock is currently owned by institutional investors.

DTE Energy Trading Down 0.9 %

DTE stock traded down $1.11 during midday trading on Monday, reaching $127.79. The company’s stock had a trading volume of 291,577 shares, compared to its average volume of 1,069,609. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.52 and a current ratio of 0.69. The stock has a fifty day simple moving average of $125.08 and a two-hundred day simple moving average of $117.32. DTE Energy has a 1 year low of $92.58 and a 1 year high of $129.53. The firm has a market capitalization of $26.44 billion, a price-to-earnings ratio of 21.02, a PEG ratio of 2.29 and a beta of 0.67.

DTE Energy (NYSE:DTE) last released its earnings results on Thursday, July 25th. The utilities provider reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.22. DTE Energy had a return on equity of 12.18% and a net margin of 11.18%. The business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same quarter last year, the firm posted $0.99 earnings per share. On average, equities research analysts predict that DTE Energy will post 6.7 EPS for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on the company. StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a research note on Sunday, August 11th. 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. Morgan Stanley upped their price target on DTE Energy from $121.00 to $128.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Scotiabank upped their price objective on DTE Energy from $120.00 to $137.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Finally, 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. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, DTE Energy presently has a consensus rating of “Moderate Buy” and an average price target of $130.38.

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.