MBB Public Markets I LLC Purchases Shares of 14,800 DTE Energy (NYSE:DTE)

MBB Public Markets I LLC acquired a new position in DTE Energy (NYSE:DTE - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 14,800 shares of the utilities provider's stock, valued at approximately $1,643,000.

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Other institutional investors also recently bought and sold shares of the company. Decade Renewable Partners LP raised its holdings in DTE Energy by 63.8% in the 2nd quarter. Decade Renewable Partners LP now owns 65,700 shares of the utilities provider's stock worth $7,293,000 after purchasing an additional 25,600 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of DTE Energy by 1.6% during the second quarter. Ameriprise Financial Inc. now owns 5,557,309 shares of the utilities provider's stock valued at $616,938,000 after buying an additional 86,205 shares during the period. AQR Capital Management LLC raised its stake in DTE Energy by 17.2% in the second quarter. AQR Capital Management LLC now owns 73,096 shares of the utilities provider's stock worth $8,098,000 after buying an additional 10,726 shares in the last quarter. Armistice Capital LLC bought a new stake in DTE Energy during the 2nd quarter valued at approximately $223,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of DTE Energy by 60.9% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 39,629 shares of the utilities provider's stock worth $4,399,000 after acquiring an additional 15,003 shares during the period. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

DTE Energy Trading Up 1.4 %

NYSE DTE opened at $127.38 on Monday. 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 has a market cap of $26.36 billion, a PE ratio of 20.85, a PEG ratio of 2.32 and a beta of 0.67. The company'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.

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DTE Energy (NYSE:DTE - Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.22. The company had revenue of $2.88 billion for the quarter, compared to analysts' expectations of $2.65 billion. DTE Energy had a return on equity of 12.18% and a net margin of 11.18%. During the same quarter in the prior year, the firm earned $0.99 earnings per share. Equities research analysts forecast that DTE Energy will post 6.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DTE has been the subject of several recent research reports. Wells Fargo & Company raised their price objective on DTE Energy from $125.00 to $133.00 and gave the company an "overweight" rating in a research report on Friday, July 26th. Mizuho lifted their price target on shares of DTE Energy from $121.00 to $133.00 and gave the company an "outperform" rating in a research report on Tuesday, September 10th. LADENBURG THALM/SH SH assumed coverage on DTE Energy in a research note on Wednesday, August 14th. They issued a "buy" rating and a $131.00 price target on the stock. Barclays increased their price objective on shares of DTE Energy from $123.00 to $128.00 and gave the company an "overweight" rating in a research report on Tuesday, July 30th. Finally, BMO Capital Markets increased their price target on shares of DTE Energy from $126.00 to $135.00 and gave the company a "market perform" rating in a report on Friday, September 6th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $128.17.

Get Our Latest Stock Analysis on DTE

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.

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