Mediolanum International Funds Ltd Raises Stock Holdings in DTE Energy (NYSE:DTE)

Mediolanum International Funds Ltd grew its stake in DTE Energy (NYSE:DTE) by 16.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 112,846 shares of the utilities provider’s stock after acquiring an additional 16,240 shares during the quarter. Mediolanum International Funds Ltd owned about 0.05% of DTE Energy worth $14,351,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Signaturefd LLC grew its stake in shares of DTE Energy by 3.1% in the third quarter. Signaturefd LLC now owns 2,889 shares of the utilities provider’s stock valued at $371,000 after buying an additional 86 shares in the last quarter. Aptus Capital Advisors LLC lifted its holdings in DTE Energy by 3.7% during the 2nd quarter. Aptus Capital Advisors LLC now owns 2,632 shares of the utilities provider’s stock worth $292,000 after buying an additional 94 shares during the last quarter. ASB Consultores LLC lifted its holdings in DTE Energy by 4.9% during the 2nd quarter. ASB Consultores LLC now owns 2,179 shares of the utilities provider’s stock worth $242,000 after buying an additional 101 shares during the last quarter. TIAA Trust National Association lifted its holdings in DTE Energy by 2.9% during the 1st quarter. TIAA Trust National Association now owns 3,771 shares of the utilities provider’s stock worth $423,000 after buying an additional 106 shares during the last quarter. Finally, S.A. Mason LLC lifted its holdings in shares of DTE Energy by 10.5% in the 2nd quarter. S.A. Mason LLC now owns 1,120 shares of the utilities provider’s stock worth $124,000 after purchasing an additional 106 shares during the last quarter. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on DTE shares. Scotiabank raised their price target on DTE Energy from $120.00 to $137.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a research report on Sunday, August 11th. Jefferies Financial Group started coverage on DTE Energy in a research report on Monday. They set a “hold” rating and a $137.00 price target on the stock. Mizuho boosted their target price on DTE Energy from $121.00 to $133.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Finally, Barclays boosted their target price on DTE Energy from $128.00 to $137.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $131.46.

DTE Energy Price Performance

NYSE DTE traded down $1.81 during trading hours on Friday, reaching $127.96. 247,452 shares of the company’s stock were exchanged, compared to its average volume of 1,070,819. The stock has a market cap of $26.48 billion, a PE ratio of 21.23, a price-to-earnings-growth ratio of 2.29 and a beta of 0.67. DTE Energy has a one year low of $92.58 and a one year high of $131.66. The firm has a fifty day moving average of $125.52 and a 200-day moving average of $117.67. 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 (NYSE:DTE) last announced its quarterly earnings data on Thursday, October 24th. The utilities provider reported $2.22 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.35. The firm had revenue of $2.91 billion for the quarter, compared to analyst estimates of $3.17 billion. DTE Energy had a return on equity of 12.18% and a net margin of 11.18%. On average, equities research analysts predict that DTE Energy will post 6.7 earnings per share 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.