Ascent Group LLC Buys 103 Shares of DTE Energy Company $DTE

Ascent Group LLC boosted its stake in DTE Energy Company (NYSE:DTE) by 0.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,677 shares of the utilities provider’s stock after acquiring an additional 103 shares during the period. Ascent Group LLC’s holdings in DTE Energy were worth $1,812,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Ashton Thomas Securities LLC bought a new stake in DTE Energy in the second quarter worth about $427,000. Hilltop National Bank bought a new stake in DTE Energy in the second quarter worth about $84,000. Mirae Asset Global Investments Co. Ltd. raised its position in DTE Energy by 10.2% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,291 shares of the utilities provider’s stock worth $3,218,000 after acquiring an additional 2,239 shares during the period. Robeco Institutional Asset Management B.V. raised its position in DTE Energy by 6.8% in the second quarter. Robeco Institutional Asset Management B.V. now owns 225,120 shares of the utilities provider’s stock worth $29,819,000 after acquiring an additional 14,392 shares during the period. Finally, USA Financial Formulas bought a new stake in DTE Energy in the second quarter worth about $912,000. Institutional investors own 76.06% of the company’s stock.

DTE Energy Stock Performance

DTE Energy stock opened at $140.02 on Friday. The firm’s 50 day simple moving average is $138.02 and its 200 day simple moving average is $135.69. 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 has a market capitalization of $29.07 billion, a PE ratio of 20.15, a price-to-earnings-growth ratio of 2.78 and a beta of 0.42. DTE Energy Company has a 1-year low of $115.59 and a 1-year high of $142.05.

DTE Energy (NYSE:DTE) last posted its earnings results on Tuesday, July 29th. The utilities provider reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.01). The firm had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.67 billion. DTE Energy had a return on equity of 12.72% and a net margin of 10.16%. As a group, analysts expect that DTE Energy Company will post 7.18 earnings per share for the current fiscal year.

Insiders Place Their Bets

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 owned 4,153 shares of the company’s stock, valued at approximately $583,621.09. This represents a 27.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.33% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on DTE. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of DTE Energy in a research report on Saturday, September 27th. Barclays boosted their price target on shares of DTE Energy from $136.00 to $138.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 15th. JPMorgan Chase & Co. boosted their price target on shares of DTE Energy from $145.00 to $147.00 and gave the company a “neutral” rating in a research report on Tuesday, July 15th. Morgan Stanley lowered their price target on shares of DTE Energy from $140.00 to $137.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. Finally, BMO Capital Markets boosted their price target on shares of DTE Energy from $140.00 to $144.00 and gave the company a “market perform” rating in a research report on Monday, August 25th. Seven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $144.00.

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.