DTE Energy (NYSE:DTE) Shares Sold by Nemes Rush Group LLC

Nemes Rush Group LLC reduced its stake in shares of DTE Energy (NYSE:DTE) by 5.7% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,200 shares of the utilities provider’s stock after selling 132 shares during the period. Nemes Rush Group LLC’s holdings in DTE Energy were worth $244,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Aptus Capital Advisors LLC grew its holdings in DTE Energy by 3.7% during the second quarter. Aptus Capital Advisors LLC now owns 2,632 shares of the utilities provider’s stock worth $292,000 after acquiring an additional 94 shares during the period. ASB Consultores LLC increased its holdings in shares of DTE Energy by 4.9% during the 2nd quarter. ASB Consultores LLC now owns 2,179 shares of the utilities provider’s stock valued at $242,000 after purchasing an additional 101 shares in the last quarter. TIAA Trust National Association boosted its holdings in DTE Energy by 2.9% during the first 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 in the last quarter. S.A. Mason LLC grew its position in DTE Energy by 10.5% during the second quarter. S.A. Mason LLC now owns 1,120 shares of the utilities provider’s stock valued at $124,000 after buying an additional 106 shares during the period. Finally, Texas Permanent School Fund Corp increased its holdings in DTE Energy by 0.3% in the first quarter. Texas Permanent School Fund Corp now owns 41,908 shares of the utilities provider’s stock valued at $4,700,000 after buying an additional 107 shares in the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. KeyCorp raised their target price on DTE Energy from $126.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Barclays boosted their target price on shares of DTE Energy from $123.00 to $128.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 30th. StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a research note on Sunday, August 11th. Bank of America raised their price objective on DTE Energy from $131.00 to $136.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Finally, LADENBURG THALM/SH SH initiated coverage on DTE Energy in a report on Wednesday, August 14th. They set a “buy” rating and a $131.00 target price on the stock. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.17.

DTE Energy Price Performance

DTE opened at $127.38 on Monday. The firm has a market cap of $26.36 billion, a price-to-earnings ratio of 20.85, a PEG ratio of 2.32 and a beta of 0.67. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73. The stock’s 50-day moving average price is $122.86 and its 200 day moving average price is $115.53. DTE Energy has a 12-month low of $90.14 and a 12-month high of $127.89.

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 the consensus estimate of $1.21 by $0.22. The business had revenue of $2.88 billion during the quarter, compared to analyst estimates 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 last year, the firm posted $0.99 earnings per share. As a group, sell-side analysts expect that DTE Energy will post 6.7 earnings per share for the current 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.