Steph & Co. Sells 653 Shares of DTE Energy Company $DTE

Steph & Co. reduced its position in shares of DTE Energy Company (NYSE:DTE) by 35.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,165 shares of the utilities provider’s stock after selling 653 shares during the period. Steph & Co.’s holdings in DTE Energy were worth $154,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Cloud Capital Management LLC bought a new stake in DTE Energy during the 1st quarter worth approximately $25,000. Quintet Private Bank Europe S.A. acquired a new position in shares of DTE Energy during the second quarter worth $25,000. Olde Wealth Management LLC bought a new stake in shares of DTE Energy in the first quarter worth $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in DTE Energy in the first quarter valued at $28,000. Finally, SouthState Corp bought a new position in DTE Energy during the 1st quarter worth $29,000. Institutional investors own 76.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. upped their price target on DTE Energy from $145.00 to $147.00 and gave the company a “neutral” rating in a research report on Tuesday, July 15th. BMO Capital Markets upped their target price on DTE Energy from $140.00 to $144.00 and gave the company a “market perform” rating in a report on Monday, August 25th. Morgan Stanley decreased their target price on shares of DTE Energy from $140.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday. Wall Street Zen downgraded shares of DTE Energy from a “hold” rating to a “sell” rating in a research report on Sunday, September 14th. Finally, Barclays upped their price objective 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 issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.00.

Insiders Place Their Bets

In other DTE Energy news, VP Lisa A. Muschong sold 1,600 shares of the stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $140.53, for a total value of $224,848.00. Following the transaction, the vice president owned 4,153 shares in the company, valued at approximately $583,621.09. This represents a 27.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.33% of the company’s stock.

DTE Energy Stock Down 0.8%

Shares of NYSE DTE opened at $137.64 on Friday. 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 firm has a market cap of $28.57 billion, a PE ratio of 19.80, a P/E/G ratio of 2.76 and a beta of 0.42. The company’s fifty day simple moving average is $137.83 and its 200 day simple moving average is $135.43. DTE Energy Company has a 12-month low of $115.59 and a 12-month 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 for the quarter, missing the consensus estimate of $1.37 by ($0.01). The company had revenue of $2.91 billion for 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%. As a group, sell-side analysts forecast 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.