Folger Nolan Fleming Douglas Capital Management Inc. Has $237,000 Holdings in DTE Energy Company $DTE

Folger Nolan Fleming Douglas Capital Management Inc. cut its holdings in DTE Energy Company (NYSE:DTE) by 11.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,788 shares of the utilities provider’s stock after selling 239 shares during the quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in DTE Energy were worth $237,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Northern Trust Corp boosted its stake in DTE Energy by 0.5% in the first quarter. Northern Trust Corp now owns 1,836,832 shares of the utilities provider’s stock valued at $253,979,000 after buying an additional 9,664 shares in the last quarter. Goldman Sachs Group Inc. raised its position in DTE Energy by 65.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,612,925 shares of the utilities provider’s stock valued at $223,019,000 after purchasing an additional 637,378 shares during the last quarter. JPMorgan Chase & Co. raised its position in DTE Energy by 57.4% in the first quarter. JPMorgan Chase & Co. now owns 1,405,516 shares of the utilities provider’s stock valued at $194,341,000 after purchasing an additional 512,567 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in DTE Energy by 0.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,316,107 shares of the utilities provider’s stock valued at $181,978,000 after purchasing an additional 9,443 shares during the last quarter. Finally, Royal Bank of Canada raised its position in DTE Energy by 1.2% in the first quarter. Royal Bank of Canada now owns 1,173,220 shares of the utilities provider’s stock valued at $162,221,000 after purchasing an additional 13,884 shares during the last quarter. 76.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DTE has been the subject of several research reports. Barclays increased their target price 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 downgraded DTE Energy from a “hold” rating to a “sell” rating in a research report on Saturday. BMO Capital Markets increased 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. UBS Group increased their target price on DTE Energy from $148.00 to $158.00 and gave the company a “buy” rating in a research report on Friday. Finally, Scotiabank reiterated a “sector perform” rating and issued a $147.00 target price on shares of DTE Energy in a research report on Friday, October 3rd. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, DTE Energy has an average rating of “Moderate Buy” and a consensus price target of $145.25.

DTE Energy Price Performance

DTE Energy stock opened at $140.29 on Friday. The stock’s 50 day moving average is $138.40 and its 200 day moving average is $135.87. 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 firm has a market cap of $29.12 billion, a P/E ratio of 20.19, a P/E/G ratio of 2.78 and a beta of 0.42. DTE Energy Company has a one year low of $115.59 and a one year high of $143.79.

DTE Energy (NYSE:DTE) last posted its quarterly earnings data 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 company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.67 billion. DTE Energy had a return on equity of 12.72% and a net margin of 10.16%. As a group, research analysts expect that DTE Energy Company will post 7.18 EPS for the current year.

Insider Activity at DTE Energy

In related news, VP Lisa A. Muschong sold 1,600 shares of DTE Energy 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 directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.33% of the stock is currently owned by corporate insiders.

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.