Aberdeen Group plc Raises Stake in DTE Energy Company $DTE

Aberdeen Group plc raised its position in DTE Energy Company (NYSE:DTE) by 9.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 97,536 shares of the utilities provider’s stock after acquiring an additional 8,550 shares during the quarter. Aberdeen Group plc’s holdings in DTE Energy were worth $12,920,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DTE. GAMMA Investing LLC raised its holdings in DTE Energy by 8.3% during the first quarter. GAMMA Investing LLC now owns 8,560 shares of the utilities provider’s stock worth $1,184,000 after purchasing an additional 658 shares in the last quarter. Sagespring Wealth Partners LLC raised its holdings in DTE Energy by 14.0% during the first quarter. Sagespring Wealth Partners LLC now owns 3,309 shares of the utilities provider’s stock worth $458,000 after purchasing an additional 406 shares in the last quarter. QRG Capital Management Inc. raised its holdings in DTE Energy by 9.0% during the first quarter. QRG Capital Management Inc. now owns 34,897 shares of the utilities provider’s stock worth $4,825,000 after purchasing an additional 2,884 shares in the last quarter. Inscription Capital LLC acquired a new stake in DTE Energy during the first quarter worth approximately $416,000. Finally, LifeWealth Investments LLC acquired a new stake in DTE Energy during the first quarter worth approximately $338,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Stock Performance

Shares of DTE opened at $142.46 on Thursday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.57 and a current ratio of 0.94. The stock has a market capitalization of $29.57 billion, a P/E ratio of 20.50, a P/E/G ratio of 3.03 and a beta of 0.42. The company’s fifty day moving average is $138.49 and its two-hundred day moving average is $135.99. DTE Energy Company has a 1 year low of $115.59 and a 1 year high of $143.79.

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 firm had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.67 billion. DTE Energy had a net margin of 10.16% and a return on equity of 12.72%. On average, sell-side analysts predict that DTE Energy Company will post 7.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on DTE shares. Wall Street Zen cut shares of DTE Energy from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. Barclays lifted their target price on shares of DTE Energy from $138.00 to $148.00 and gave the company an “equal weight” rating in a report on Tuesday. UBS Group lifted their target price on shares of DTE Energy from $148.00 to $158.00 and gave the company a “buy” rating in a report on Friday, October 10th. BMO Capital Markets lifted their target price on shares of DTE Energy from $140.00 to $144.00 and gave the company a “market perform” rating in a report on Monday, August 25th. Finally, Morgan Stanley cut their target price on shares of DTE Energy from $140.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. 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, DTE Energy currently has an average rating of “Moderate Buy” and an average price target of $146.08.

Insider Transactions at DTE Energy

In other DTE Energy news, VP Lisa A. Muschong sold 1,600 shares of the business’s stock in a transaction 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 transaction, the vice president directly owned 4,153 shares of the company’s stock, valued at approximately $583,621.09. The trade was a 27.81% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate 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.