Stephens Inc. AR Has $643,000 Stock Position in DTE Energy Company $DTE

Stephens Inc. AR lifted its holdings in shares of DTE Energy Company (NYSE:DTE) by 6.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,855 shares of the utilities provider’s stock after purchasing an additional 300 shares during the period. Stephens Inc. AR’s holdings in DTE Energy were worth $643,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of DTE. GAMMA Investing LLC lifted its holdings in shares of 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 during the period. Oppenheimer & Co. Inc. lifted its holdings in shares of DTE Energy by 17.7% during the first quarter. Oppenheimer & Co. Inc. now owns 2,118 shares of the utilities provider’s stock worth $293,000 after purchasing an additional 318 shares during the period. Asset Management One Co. Ltd. lifted its holdings in shares of DTE Energy by 4.7% during the first quarter. Asset Management One Co. Ltd. now owns 111,022 shares of the utilities provider’s stock worth $15,351,000 after purchasing an additional 5,018 shares during the period. Bessemer Group Inc. lifted its holdings in DTE Energy by 5.1% in the first quarter. Bessemer Group Inc. now owns 2,192 shares of the utilities provider’s stock valued at $303,000 after buying an additional 107 shares during the period. Finally, Golden State Wealth Management LLC lifted its holdings in DTE Energy by 1,004.2% in the first quarter. Golden State Wealth Management LLC now owns 1,303 shares of the utilities provider’s stock valued at $180,000 after buying an additional 1,185 shares during the period. Institutional investors and hedge funds own 76.06% of the company’s stock.

Insider Activity at DTE Energy

In related news, VP Lisa A. Muschong sold 1,600 shares of the company’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 transaction of $224,848.00. Following the sale, the vice president directly owned 4,153 shares in the company, valued at approximately $583,621.09. This represents a 27.81% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.33% of the company’s stock.

DTE Energy Stock Performance

Shares of DTE stock opened at $141.77 on Friday. The stock has a market capitalization of $29.43 billion, a P/E ratio of 20.40, a PEG ratio of 3.03 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. The firm’s 50 day moving average is $138.78 and its 200 day moving average is $136.36. DTE Energy Company has a 12 month low of $115.59 and a 12 month high of $143.79.

DTE Energy (NYSE:DTE) last announced its quarterly earnings results on Tuesday, July 29th. The utilities provider reported $1.36 EPS for the quarter, missing analysts’ consensus estimates 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, sell-side analysts anticipate that DTE Energy Company will post 7.18 earnings per share for the current year.

Analysts Set New Price Targets

DTE has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of DTE Energy from $145.00 to $147.00 and gave the company a “neutral” rating in a report on Tuesday, July 15th. Morgan Stanley upped their price objective on shares of DTE Energy from $137.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday. Scotiabank reiterated a “sector perform” rating and set a $147.00 price objective on shares of DTE Energy in a report on Friday, October 3rd. UBS Group upped their price objective 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. Finally, Barclays upped their price objective on shares of DTE Energy from $138.00 to $148.00 and gave the company an “equal weight” rating in a report on Tuesday, October 14th. Seven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $148.60.

DTE Energy Company 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.