Benjamin F. Edwards & Company Inc. Sells 95 Shares of DTE Energy (NYSE:DTE)

Benjamin F. Edwards & Company Inc. lowered its position in DTE Energy (NYSE:DTE) by 6.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,356 shares of the utilities provider’s stock after selling 95 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in DTE Energy were worth $150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Grayhawk Investment Strategies Inc. bought a new stake in shares of DTE Energy during the 4th quarter worth approximately $1,305,000. UniSuper Management Pty Ltd lifted its holdings in DTE Energy by 407.3% during the 1st quarter. UniSuper Management Pty Ltd now owns 10,715 shares of the utilities provider’s stock valued at $1,202,000 after buying an additional 8,603 shares in the last quarter. Allianz Asset Management GmbH boosted its position in DTE Energy by 66.5% in the 4th quarter. Allianz Asset Management GmbH now owns 29,575 shares of the utilities provider’s stock valued at $3,261,000 after buying an additional 11,809 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its position in DTE Energy by 9.9% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 124,264 shares of the utilities provider’s stock valued at $13,934,000 after buying an additional 11,218 shares during the period. Finally, State Board of Administration of Florida Retirement System grew its stake in DTE Energy by 6.5% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 229,495 shares of the utilities provider’s stock worth $25,139,000 after acquiring an additional 14,022 shares in the last quarter. Institutional investors own 76.06% of the company’s stock.

DTE Energy Price Performance

Shares of DTE stock opened at $125.54 on Friday. The stock’s fifty day moving average price is $122.46 and its 200 day moving average price is $115.29. DTE Energy has a 1-year low of $90.14 and a 1-year high of $127.59. The company has a market cap of $25.98 billion, a price-to-earnings ratio of 20.60, a price-to-earnings-growth ratio of 2.32 and a beta of 0.67. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.69 and a quick ratio of 0.52.

DTE Energy (NYSE:DTE) last issued its quarterly 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. The business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.65 billion. DTE Energy had a return on equity of 12.18% and a net margin of 11.18%. During the same quarter in the previous year, the firm earned $0.99 earnings per share. On average, research analysts expect that DTE Energy will post 6.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DTE. Barclays boosted their price target on DTE Energy from $123.00 to $128.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. LADENBURG THALM/SH SH initiated coverage on DTE Energy in a report on Wednesday, August 14th. They issued a “buy” rating and a $131.00 target price for the company. KeyCorp raised their price target on DTE Energy from $126.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Wells Fargo & Company upped their price objective on shares of DTE Energy from $125.00 to $133.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Finally, Morgan Stanley raised their target price on shares of DTE Energy from $121.00 to $128.00 and gave the company an “overweight” rating in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, DTE Energy has an average rating of “Moderate Buy” and an average price target of $128.17.

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.