DTE Energy (NYSE:DTE) Shares Purchased by Sigma Investment Counselors Inc.

Sigma Investment Counselors Inc. increased its position in shares of DTE Energy (NYSE:DTE) by 13.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,806 shares of the utilities provider’s stock after purchasing an additional 924 shares during the period. Sigma Investment Counselors Inc.’s holdings in DTE Energy were worth $1,002,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Janus Henderson Group PLC increased its holdings in shares of DTE Energy by 6,964.9% during the 1st quarter. Janus Henderson Group PLC now owns 2,090,350 shares of the utilities provider’s stock worth $234,410,000 after buying an additional 2,060,762 shares during the last quarter. Clearbridge Investments LLC grew its position in DTE Energy by 224.7% in the first quarter. Clearbridge Investments LLC now owns 2,538,106 shares of the utilities provider’s stock worth $284,623,000 after acquiring an additional 1,756,459 shares during the period. Capital Research Global Investors increased 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 acquiring an additional 261,623 shares during the last quarter. Millennium Management LLC raised its position in DTE Energy by 42.4% in the second quarter. Millennium Management LLC now owns 543,299 shares of the utilities provider’s stock valued at $60,312,000 after purchasing an additional 161,776 shares during the period. Finally, Panagora Asset Management Inc. lifted its stake in shares of DTE Energy by 133.2% in the 2nd quarter. Panagora Asset Management Inc. now owns 248,151 shares of the utilities provider’s stock valued at $27,547,000 after purchasing an additional 141,718 shares during the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DTE has been the subject of a number of recent analyst reports. BMO Capital Markets raised their price objective on DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. Barclays boosted their price target on shares of DTE Energy from $128.00 to $137.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. LADENBURG THALM/SH SH initiated coverage on shares of DTE Energy in a research report on Wednesday, August 14th. They set a “buy” rating and a $131.00 price objective for the company. Scotiabank boosted their target price on DTE Energy from $120.00 to $137.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Finally, Jefferies Financial Group started coverage on DTE Energy in a research report on Monday, October 21st. They set a “hold” rating and a $137.00 price target for the company. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $131.46.

DTE Energy Price Performance

Shares of NYSE DTE opened at $126.57 on Friday. 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 company has a market cap of $26.19 billion, a price-to-earnings ratio of 20.72, a price-to-earnings-growth ratio of 2.29 and a beta of 0.67. The stock’s 50-day moving average is $125.68 and its two-hundred day moving average is $117.75. DTE Energy has a 1-year low of $92.58 and a 1-year high of $131.66.

DTE Energy (NYSE:DTE) last announced its quarterly earnings data on Thursday, October 24th. The utilities provider reported $2.22 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.35. The business had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $3.17 billion. DTE Energy had a return on equity of 12.18% and a net margin of 11.18%. Analysts forecast 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.