DTE Energy (NYSE:DTE) Shares Bought by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. raised its stake in DTE Energy (NYSE:DTE) by 935.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 2,092 shares of the utilities provider’s stock after acquiring an additional 1,890 shares during the period. Brown Brothers Harriman & Co.’s holdings in DTE Energy were worth $232,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of DTE. Principal Securities Inc. acquired a new stake in shares of DTE Energy during the 4th quarter valued at approximately $54,000. Envestnet Portfolio Solutions Inc. raised its holdings in shares of DTE Energy by 5.5% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,003 shares of the utilities provider’s stock worth $331,000 after purchasing an additional 157 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of DTE Energy during the fourth quarter worth $399,000. BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of DTE Energy by 2.1% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 7,176 shares of the utilities provider’s stock worth $791,000 after buying an additional 147 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of DTE Energy by 15.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 50,084 shares of the utilities provider’s stock valued at $5,522,000 after buying an additional 6,797 shares during the period. Institutional investors and hedge funds own 76.06% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Scotiabank upped their target price on DTE Energy from $120.00 to $137.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Wells Fargo & Company upped their price objective on DTE Energy from $125.00 to $133.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. BMO Capital Markets increased their target price on DTE Energy from $126.00 to $135.00 and gave the stock a “market perform” rating in a research report on Friday, September 6th. LADENBURG THALM/SH SH started coverage on shares of DTE Energy in a report on Wednesday, August 14th. They set a “buy” rating and a $131.00 price target for the company. Finally, Mizuho upped their price target on shares of DTE Energy from $121.00 to $133.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Five 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.com, DTE Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.58.

DTE Energy Stock Down 1.0 %

DTE Energy stock opened at $124.42 on Thursday. DTE Energy has a 52 week low of $90.14 and a 52 week high of $127.59. The stock has a market cap of $25.75 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 2.28 and a beta of 0.67. The company’s 50-day moving average price is $121.40 and its two-hundred day moving average price is $114.81. 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 (NYSE:DTE) last posted its quarterly earnings data on Thursday, July 25th. The utilities provider reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.22. DTE Energy had a net margin of 11.18% and a return on equity of 12.18%. The business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same quarter last year, the business earned $0.99 earnings per share. On average, analysts expect 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.