MCF Advisors LLC Decreases Stock Holdings in DTE Energy (NYSE:DTE)

MCF Advisors LLC cut its stake in DTE Energy (NYSE:DTE) by 25.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,509 shares of the utilities provider’s stock after selling 502 shares during the period. MCF Advisors LLC’s holdings in DTE Energy were worth $195,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Janus Henderson Group PLC grew its holdings in DTE Energy by 6,964.9% in 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 buying an additional 2,060,762 shares in the last quarter. Clearbridge Investments LLC grew its holdings in shares of DTE Energy by 224.7% in the first quarter. Clearbridge Investments LLC now owns 2,538,106 shares of the utilities provider’s stock valued at $284,623,000 after purchasing an additional 1,756,459 shares during the period. Capital Research Global Investors grew its holdings in shares of DTE Energy by 1.2% in the first quarter. Capital Research Global Investors now owns 21,194,653 shares of the utilities provider’s stock valued at $2,376,768,000 after purchasing an additional 261,623 shares during the period. Millennium Management LLC increased its position in DTE Energy by 42.4% during the second quarter. Millennium Management LLC now owns 543,299 shares of the utilities provider’s stock worth $60,312,000 after purchasing an additional 161,776 shares during the last quarter. Finally, Panagora Asset Management Inc. raised its stake in DTE Energy by 133.2% during the second quarter. Panagora Asset Management Inc. now owns 248,151 shares of the utilities provider’s stock worth $27,547,000 after purchasing an additional 141,718 shares during the period. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Stock Down 2.5 %

Shares of DTE stock traded down $3.20 during trading hours on Friday, reaching $126.57. 1,276,027 shares of the stock were exchanged, compared to its average volume of 1,075,940. The business’s fifty day moving average is $125.77 and its two-hundred day moving average is $117.87. The firm has a market capitalization of $26.19 billion, a P/E ratio of 20.72, a P/E/G ratio of 2.29 and a beta of 0.67. DTE Energy has a 12-month low of $92.58 and a 12-month high of $131.66. 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 announced 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. The company had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.65 billion. DTE Energy had a net margin of 11.18% and a return on equity of 12.18%. During the same period in the prior year, the firm posted $0.99 EPS. As a group, research analysts expect that DTE Energy will post 6.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. BMO Capital Markets increased their price target on shares of DTE Energy from $135.00 to $140.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. Wells Fargo & Company increased their price objective on DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a research report on Friday. Barclays lifted their target price on DTE Energy from $128.00 to $137.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. LADENBURG THALM/SH SH initiated coverage on DTE Energy in a research report on Wednesday, August 14th. They set a “buy” rating and a $131.00 price objective for the company. Finally, KeyCorp boosted their price objective on shares of DTE Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a report on Tuesday. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.46.

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.