Ashton Thomas Securities LLC Acquires Shares of 3,220 DTE Energy Company $DTE

Ashton Thomas Securities LLC bought a new position in shares of DTE Energy Company (NYSE:DTE) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,220 shares of the utilities provider’s stock, valued at approximately $427,000.

Other large investors also recently modified their holdings of the company. Cloud Capital Management LLC bought a new stake in DTE Energy during the 1st quarter valued at $25,000. Quintet Private Bank Europe S.A. acquired a new position in shares of DTE Energy during the second quarter valued at about $25,000. Olde Wealth Management LLC bought a new stake in shares of DTE Energy during the first quarter worth about $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of DTE Energy in the 1st quarter worth about $28,000. Finally, SouthState Corp bought a new position in DTE Energy in the 1st quarter valued at about $29,000. 76.06% of the stock is currently owned by institutional investors.

Insider Buying and Selling at DTE Energy

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. JPMorgan Chase & Co. boosted their price objective on DTE Energy from $145.00 to $147.00 and gave the stock a “neutral” rating in a report on Tuesday, July 15th. BMO Capital Markets lifted their target price on DTE Energy from $140.00 to $144.00 and gave the company a “market perform” rating in a research report on Monday, August 25th. Barclays increased their price target on DTE Energy from $136.00 to $138.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 15th. Wall Street Zen raised shares of DTE Energy from a “sell” rating to a “hold” rating in a report on Friday. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of DTE Energy in a report on Saturday, September 27th. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $144.00.

DTE Energy Stock Performance

Shares of DTE opened at $140.02 on Friday. DTE Energy Company has a 1 year low of $115.59 and a 1 year high of $142.05. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.94 and a quick ratio of 0.57. The stock’s fifty day moving average price is $138.02 and its two-hundred day moving average price is $135.69. The firm has a market cap of $29.07 billion, a PE ratio of 20.15, a PEG ratio of 2.77 and a beta of 0.42.

DTE Energy (NYSE:DTE) last posted 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). DTE Energy had a return on equity of 12.72% and a net margin of 10.16%.The firm had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.67 billion. On average, equities research analysts forecast that DTE Energy Company will post 7.18 EPS 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.