DTE Energy (NYSE:DTE) Shares Sold by Huber Capital Management LLC

Huber Capital Management LLC trimmed its position in DTE Energy (NYSE:DTE) by 3.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 5,786 shares of the utilities provider’s stock after selling 208 shares during the quarter. Huber Capital Management LLC’s holdings in DTE Energy were worth $642,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. ESL Trust Services LLC acquired a new position in DTE Energy in the 1st quarter valued at $27,000. Rise Advisors LLC boosted its position in DTE Energy by 89.6% during the first quarter. Rise Advisors LLC now owns 273 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 129 shares during the last quarter. Ridgewood Investments LLC purchased a new stake in DTE Energy during the 2nd quarter valued at about $31,000. Denali Advisors LLC purchased a new position in DTE Energy in the 1st quarter worth approximately $34,000. Finally, Salomon & Ludwin LLC boosted its holdings in shares of DTE Energy by 82.3% during the 1st quarter. Salomon & Ludwin LLC now owns 432 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 195 shares during the last quarter. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DTE. Barclays upped their target price on DTE Energy from $123.00 to $128.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. Bank of America lifted their target price on shares of DTE Energy from $131.00 to $136.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Morgan Stanley raised their price target on shares of DTE Energy from $114.00 to $121.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. Scotiabank increased their price objective on DTE Energy from $120.00 to $137.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Finally, Wells Fargo & Company upped their price target on DTE Energy from $125.00 to $133.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $127.58.

DTE Energy Stock Performance

Shares of DTE stock opened at $125.09 on Friday. The company has a market cap of $25.89 billion, a P/E ratio of 20.47, a PEG ratio of 2.28 and a beta of 0.67. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73. The firm has a fifty day moving average price of $121.82 and a 200 day moving average price of $114.98. DTE Energy has a 12 month low of $90.14 and a 12 month high of $127.59.

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

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.