American Century Companies Inc. Purchases 1,923 Shares of DTE Energy (NYSE:DTE)

American Century Companies Inc. lifted its position in DTE Energy (NYSE:DTE) by 2.4% during the 2nd quarter, Holdings Channel reports. The firm owned 81,832 shares of the utilities provider’s stock after acquiring an additional 1,923 shares during the period. American Century Companies Inc.’s holdings in DTE Energy were worth $9,084,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. ESL Trust Services LLC bought a new position in shares of DTE Energy in the first quarter worth approximately $27,000. Rise Advisors LLC grew its holdings in shares of DTE Energy by 89.6% in the first quarter. Rise Advisors LLC now owns 273 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 129 shares during the last quarter. Ridgewood Investments LLC bought a new stake in DTE Energy in the second quarter valued at $31,000. Denali Advisors LLC bought a new stake in DTE Energy in the first quarter valued at $34,000. Finally, Salomon & Ludwin LLC boosted its holdings in DTE Energy by 82.3% in the first quarter. Salomon & Ludwin LLC now owns 432 shares of the utilities provider’s stock valued at $48,000 after acquiring an additional 195 shares in the last quarter. Institutional investors own 76.06% of the company’s stock.

DTE Energy Price Performance

DTE opened at $125.09 on Monday. DTE Energy has a 1 year low of $90.14 and a 1 year high of $127.59. The stock has a 50-day moving average price of $121.82 and a 200-day moving average price of $115.04. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.69 and a quick ratio of 0.52. The firm has a market cap of $25.89 billion, a PE ratio of 20.47, a P/E/G ratio of 2.28 and a beta of 0.67.

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

Analyst Ratings Changes

Several research firms recently weighed in on DTE. Wells Fargo & Company lifted their price target on shares of DTE Energy from $125.00 to $133.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Morgan Stanley raised their price objective on DTE Energy from $114.00 to $121.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Bank of America raised their price objective on DTE Energy from $131.00 to $136.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. BMO Capital Markets raised their price objective on DTE Energy from $126.00 to $135.00 and gave the company a “market perform” rating in a research report on Friday, September 6th. Finally, KeyCorp raised their price objective on DTE Energy from $126.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $127.58.

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.