DTE Energy (NYSE:DTE) Holdings Boosted by Peddock Capital Advisors LLC

Peddock Capital Advisors LLC boosted its position in shares of DTE Energy (NYSE:DTE) by 4.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,295 shares of the utilities provider’s stock after purchasing an additional 351 shares during the period. Peddock Capital Advisors LLC’s holdings in DTE Energy were worth $1,065,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital Research Global Investors grew its holdings in shares of DTE Energy by 1.2% during the 1st quarter. Capital Research Global Investors now owns 21,194,653 shares of the utilities provider’s stock valued at $2,376,768,000 after acquiring an additional 261,623 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of DTE Energy by 1.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,557,309 shares of the utilities provider’s stock valued at $616,938,000 after acquiring an additional 86,205 shares in the last quarter. Clearbridge Investments LLC grew its holdings in shares of DTE Energy by 224.7% during the 1st quarter. Clearbridge Investments LLC now owns 2,538,106 shares of the utilities provider’s stock valued at $284,623,000 after acquiring an additional 1,756,459 shares in the last quarter. Janus Henderson Group PLC grew 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 valued at $234,410,000 after acquiring an additional 2,060,762 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of DTE Energy by 3.7% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,667,111 shares of the utilities provider’s stock valued at $185,066,000 after acquiring an additional 59,811 shares in the last quarter. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DTE has been the topic of several research analyst reports. Bank of America boosted their price target on shares of DTE Energy from $131.00 to $136.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Mizuho boosted their price target on shares of DTE Energy from $121.00 to $133.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. BMO Capital Markets boosted their price target on shares of DTE Energy from $126.00 to $135.00 and gave the company a “market perform” rating in a report on Friday, September 6th. KeyCorp boosted their price target on shares of DTE Energy from $130.00 to $136.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Finally, Morgan Stanley upped their price objective on shares of DTE Energy from $121.00 to $128.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $129.42.

DTE Energy Stock Performance

DTE Energy stock traded down $0.65 on Wednesday, reaching $124.83. 1,011,210 shares of the stock were exchanged, compared to its average volume of 1,071,147. The stock has a market cap of $25.83 billion, a PE ratio of 20.54, a PEG ratio of 2.32 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. DTE Energy has a twelve month low of $92.58 and a twelve month high of $129.53. The firm has a fifty day moving average price of $124.14 and a two-hundred day moving average price of $116.41.

DTE Energy (NYSE:DTE) last released 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. The firm had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.65 billion. DTE Energy had a net margin of 11.18% and a return on equity of 12.18%. During the same quarter in the previous year, the business earned $0.99 EPS. Sell-side analysts anticipate that DTE Energy will post 6.7 EPS for the current 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.