Consolidated Portfolio Review Corp Acquires Shares of 1,566 DTE Energy (NYSE:DTE)

Consolidated Portfolio Review Corp bought a new position in DTE Energy (NYSE:DTE) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,566 shares of the utilities provider’s stock, valued at approximately $201,000.

Other large investors have also made changes to their positions in the company. Janus Henderson Group PLC grew its position in 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 worth $234,410,000 after purchasing an additional 2,060,762 shares in the last quarter. Clearbridge Investments LLC raised its position in DTE Energy by 224.7% during the first quarter. Clearbridge Investments LLC now owns 2,538,106 shares of the utilities provider’s stock valued at $284,623,000 after buying an additional 1,756,459 shares during the period. Capital Research Global Investors lifted its stake in DTE Energy by 1.2% in the 1st quarter. Capital Research Global Investors now owns 21,194,653 shares of the utilities provider’s stock worth $2,376,768,000 after acquiring an additional 261,623 shares in the last quarter. Millennium Management LLC boosted its position in DTE Energy by 42.4% during the 2nd quarter. Millennium Management LLC now owns 543,299 shares of the utilities provider’s stock worth $60,312,000 after acquiring an additional 161,776 shares during the period. Finally, Panagora Asset Management Inc. grew its stake in DTE Energy by 133.2% during the 2nd quarter. Panagora Asset Management Inc. now owns 248,151 shares of the utilities provider’s stock valued at $27,547,000 after acquiring an additional 141,718 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Stock Performance

Shares of DTE opened at $126.57 on Friday. The company has a market capitalization of $26.19 billion, a PE ratio of 20.72, a price-to-earnings-growth ratio of 2.29 and a beta of 0.67. 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 has a one year low of $92.58 and a one year high of $131.66. The company’s fifty day moving average price is $125.77 and its 200 day moving average price is $117.93.

DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Thursday, July 25th. The utilities provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.22. DTE Energy had a return on equity of 12.18% and a net margin of 11.18%. The business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same period in the previous year, the company posted $0.99 earnings per share. As a group, analysts expect that DTE Energy will post 6.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DTE. Jefferies Financial Group started coverage on shares of DTE Energy in a report on Monday, October 21st. They set a “hold” rating and a $137.00 price target for the company. Barclays boosted their price target on shares of DTE Energy from $128.00 to $137.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Scotiabank lifted their price objective on DTE Energy from $120.00 to $137.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Mizuho upped 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, BMO Capital Markets lifted their price target on DTE Energy from $135.00 to $140.00 and gave the company a “market perform” rating in a report on Friday, October 18th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, DTE Energy currently has a consensus rating of “Moderate Buy” and an average price target of $131.46.

About DTE Energy

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.