Farther Finance Advisors LLC Raises Holdings in DTE Energy Company $DTE

Farther Finance Advisors LLC increased its stake in shares of DTE Energy Company (NYSE:DTE) by 40.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,008 shares of the utilities provider’s stock after acquiring an additional 1,737 shares during the period. Farther Finance Advisors LLC’s holdings in DTE Energy were worth $796,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Graypoint LLC increased its holdings in shares of DTE Energy by 3.8% during the 1st quarter. Graypoint LLC now owns 2,021 shares of the utilities provider’s stock valued at $279,000 after purchasing an additional 74 shares in the last quarter. UMB Bank n.a. grew its position in DTE Energy by 0.9% during the first quarter. UMB Bank n.a. now owns 9,041 shares of the utilities provider’s stock valued at $1,250,000 after buying an additional 78 shares during the period. OneDigital Investment Advisors LLC increased its holdings in DTE Energy by 2.0% in the first quarter. OneDigital Investment Advisors LLC now owns 3,918 shares of the utilities provider’s stock valued at $542,000 after buying an additional 78 shares in the last quarter. Stephens Inc. AR increased its holdings in DTE Energy by 1.8% in the first quarter. Stephens Inc. AR now owns 4,555 shares of the utilities provider’s stock valued at $630,000 after buying an additional 81 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of DTE Energy by 1.2% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 6,721 shares of the utilities provider’s stock worth $929,000 after acquiring an additional 82 shares during the period. 76.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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 transaction, the vice president owned 4,153 shares in the company, valued at approximately $583,621.09. This trade represents a 27.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DTE. BMO Capital Markets lifted their price target 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 dropped their price objective on DTE Energy from $140.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday. JPMorgan Chase & Co. upped their target price on DTE Energy from $145.00 to $147.00 and gave the stock a “neutral” 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 report on Sunday, September 14th. Finally, Barclays lifted their price target on shares of DTE Energy from $136.00 to $138.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 15th. Seven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, DTE Energy presently has an average rating of “Moderate Buy” and an average price target of $144.00.

DTE Energy Price Performance

Shares of NYSE DTE opened at $137.64 on Friday. The firm has a 50-day simple moving average of $137.83 and a 200-day simple moving average of $135.43. The company has a quick ratio of 0.57, a current ratio of 0.94 and a debt-to-equity ratio of 1.96. The stock has a market capitalization of $28.57 billion, a price-to-earnings ratio of 19.80, a price-to-earnings-growth ratio of 2.76 and a beta of 0.42. DTE Energy Company has a 52 week low of $115.59 and a 52 week high of $142.05.

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

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.