Rehmann Capital Advisory Group Has $709,000 Holdings in DTE Energy Company $DTE

Rehmann Capital Advisory Group decreased its position in shares of DTE Energy Company (NYSE:DTE) by 2.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,352 shares of the utilities provider’s stock after selling 135 shares during the quarter. Rehmann Capital Advisory Group’s holdings in DTE Energy were worth $709,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of DTE. Brookstone Capital Management increased its stake in DTE Energy by 63.5% during the 2nd quarter. Brookstone Capital Management now owns 4,973 shares of the utilities provider’s stock valued at $659,000 after purchasing an additional 1,931 shares in the last quarter. D.A. Davidson & CO. grew its holdings in shares of DTE Energy by 2.5% during the second quarter. D.A. Davidson & CO. now owns 4,793 shares of the utilities provider’s stock valued at $635,000 after buying an additional 117 shares during the last quarter. Fiduciary Family Office LLC increased its position in shares of DTE Energy by 6.1% during the second quarter. Fiduciary Family Office LLC now owns 2,158 shares of the utilities provider’s stock worth $286,000 after acquiring an additional 124 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in shares of DTE Energy by 0.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 35,613 shares of the utilities provider’s stock worth $4,640,000 after acquiring an additional 115 shares during the last quarter. Finally, Stephens Inc. AR lifted its position in DTE Energy by 6.6% in the 2nd quarter. Stephens Inc. AR now owns 4,855 shares of the utilities provider’s stock valued at $643,000 after acquiring an additional 300 shares in the last quarter. 76.06% of the stock is currently owned by institutional investors.

Insider Transactions at DTE Energy

In other DTE Energy news, VP Lisa A. Muschong sold 1,600 shares of the company’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $140.53, for a total transaction of $224,848.00. Following the sale, the vice president directly owned 4,153 shares of the company’s stock, valued at $583,621.09. This represents a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.33% of the company’s stock.

DTE Energy Price Performance

Shares of NYSE DTE opened at $141.61 on Friday. The stock has a fifty day simple moving average of $138.72 and a two-hundred day simple moving average of $136.26. DTE Energy Company has a 1-year low of $115.59 and a 1-year high of $143.79. The firm has a market cap of $29.40 billion, a price-to-earnings ratio of 20.38, a price-to-earnings-growth ratio of 3.06 and a beta of 0.42. The company has a current ratio of 0.94, a quick ratio of 0.57 and a debt-to-equity ratio of 1.96.

DTE Energy (NYSE:DTE) last issued its earnings results 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). DTE Energy had a net margin of 10.16% and a return on equity of 12.72%. The firm had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.67 billion. Analysts anticipate that DTE Energy Company will post 7.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DTE. Wall Street Zen raised DTE Energy from a “sell” rating to a “hold” rating in a report on Sunday, October 19th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of DTE Energy in a research report on Wednesday, October 8th. Scotiabank reiterated a “sector perform” rating and set a $147.00 price target on shares of DTE Energy in a report on Friday, October 3rd. 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 note on Tuesday, October 14th. Finally, JPMorgan Chase & Co. upped their target price on shares of DTE Energy from $145.00 to $147.00 and gave the stock a “neutral” 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 company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $148.60.

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.