Oliver Lagore Vanvalin Investment Group Increases Holdings in DTE Energy (NYSE:DTE)

Oliver Lagore Vanvalin Investment Group lifted its position in DTE Energy (NYSE:DTE) by 35.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,016 shares of the utilities provider’s stock after buying an additional 1,590 shares during the period. Oliver Lagore Vanvalin Investment Group’s holdings in DTE Energy were worth $668,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. ESL Trust Services LLC bought a new position in shares of DTE Energy in the 1st quarter worth approximately $27,000. Rise Advisors LLC boosted its stake in shares of DTE Energy by 89.6% during the 1st 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 bought a new stake in shares of DTE Energy during the 2nd quarter valued at $31,000. Denali Advisors LLC purchased a new stake in shares of DTE Energy in the 1st quarter worth $34,000. Finally, Salomon & Ludwin LLC raised its holdings in DTE Energy by 82.3% in 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 period. Institutional investors own 76.06% of the company’s stock.

DTE Energy Stock Up 1.4 %

Shares of DTE opened at $127.38 on Friday. The business’s 50 day simple moving average is $122.64 and its 200-day simple moving average is $115.36. DTE Energy has a 1 year low of $90.14 and a 1 year high of $127.89. 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 stock has a market capitalization of $26.36 billion, a price-to-earnings ratio of 20.85, a price-to-earnings-growth ratio of 2.32 and a beta of 0.67.

DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Thursday, July 25th. The utilities provider reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.22. The business had revenue of $2.88 billion for the quarter, compared to analysts’ expectations 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 posted $0.99 earnings per share. As a group, equities analysts expect that DTE Energy will post 6.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DTE. LADENBURG THALM/SH SH started coverage on DTE Energy in a report on Wednesday, August 14th. They set a “buy” rating and a $131.00 price target for the company. BMO Capital Markets raised their target price on shares of DTE Energy from $126.00 to $135.00 and gave the stock a “market perform” rating in a research note on Friday, September 6th. KeyCorp raised their price objective on shares of DTE Energy from $126.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Scotiabank upped their target price on shares of DTE Energy from $120.00 to $137.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Finally, Bank of America raised their price target on DTE Energy from $131.00 to $136.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently 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.