1,685 Shares in DTE Energy (NYSE:DTE) Bought by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. bought a new position in shares of DTE Energy (NYSE:DTE) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,685 shares of the utilities provider’s stock, valued at approximately $216,000.

A number of other hedge funds have also bought and sold shares of the company. Capital Research Global Investors raised its stake in DTE Energy by 1.2% during the first quarter. Capital Research Global Investors now owns 21,194,653 shares of the utilities provider’s stock worth $2,376,768,000 after buying an additional 261,623 shares during the last quarter. Ameriprise Financial Inc. raised its stake in DTE Energy by 1.6% during the second quarter. Ameriprise Financial Inc. now owns 5,557,309 shares of the utilities provider’s stock worth $616,938,000 after buying an additional 86,205 shares during the last quarter. Clearbridge Investments LLC raised its stake in DTE Energy by 224.7% during the first quarter. Clearbridge Investments LLC now owns 2,538,106 shares of the utilities provider’s stock worth $284,623,000 after buying an additional 1,756,459 shares during the last quarter. Janus Henderson Group PLC grew its holdings in DTE Energy by 6,964.9% in the first quarter. Janus Henderson Group PLC now owns 2,090,350 shares of the utilities provider’s stock worth $234,410,000 after purchasing an additional 2,060,762 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its holdings in DTE Energy by 3.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,667,111 shares of the utilities provider’s stock worth $185,066,000 after purchasing an additional 59,811 shares during the period. Institutional investors own 76.06% of the company’s stock.

Analyst Upgrades and Downgrades

DTE has been the subject of a number of research reports. Scotiabank raised their price target on shares of DTE Energy from $120.00 to $137.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. KeyCorp raised their price target on shares of DTE Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a report on Tuesday. LADENBURG THALM/SH SH initiated coverage on shares of DTE Energy in a report on Wednesday, August 14th. They issued a “buy” rating and a $131.00 price target for the company. Wells Fargo & Company raised their price target on shares of DTE Energy from $125.00 to $133.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Finally, Jefferies Financial Group initiated coverage on shares of DTE Energy in a report on Monday. They issued a “hold” rating and a $137.00 price target for the company. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, DTE Energy has an average rating of “Moderate Buy” and an average target price of $130.54.

DTE Energy Stock Up 1.4 %

DTE Energy stock opened at $129.99 on Thursday. DTE Energy has a fifty-two week low of $92.58 and a fifty-two week high of $130.04. The stock has a market cap of $26.90 billion, a PE ratio of 21.27, a price-to-earnings-growth ratio of 2.29 and a beta of 0.67. The firm’s 50-day simple moving average is $125.52 and its 200 day simple moving average is $117.67. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.52 and a current ratio of 0.69.

DTE Energy (NYSE:DTE) last released its quarterly earnings results on Thursday, July 25th. The utilities provider reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.22. DTE Energy had a net margin of 11.18% and a return on equity of 12.18%. The business had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.65 billion. During the same period in the previous year, the company earned $0.99 earnings per share. Research analysts predict that DTE Energy will post 6.7 EPS for the current fiscal year.

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.