Signaturefd LLC Has $371,000 Stock Position in DTE Energy (NYSE:DTE)

Signaturefd LLC lifted its position in shares of DTE Energy (NYSE:DTE) by 3.1% in the third quarter, Holdings Channel reports. The institutional investor owned 2,889 shares of the utilities provider’s stock after acquiring an additional 86 shares during the period. Signaturefd LLC’s holdings in DTE Energy were worth $371,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Capital Research Global Investors increased its position 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 worth $2,376,768,000 after purchasing an additional 261,623 shares during the period. Ameriprise Financial Inc. increased its position in shares of DTE Energy by 1.6% in the second quarter. Ameriprise Financial Inc. now owns 5,557,309 shares of the utilities provider’s stock worth $616,938,000 after purchasing an additional 86,205 shares during the period. Clearbridge Investments LLC increased its position 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 worth $284,623,000 after purchasing an additional 1,756,459 shares during the period. Janus Henderson Group PLC increased its position in shares of DTE Energy by 6,964.9% in the first 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 during the period. Finally, Massachusetts Financial Services Co. MA increased its position in shares of DTE Energy by 3.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,667,111 shares of the utilities provider’s stock worth $185,066,000 after purchasing an additional 59,811 shares during the period. Institutional investors own 76.06% of the company’s stock.

DTE Energy Stock Performance

Shares of DTE stock opened at $126.57 on Friday. The business’s 50-day moving average price is $125.68 and its 200-day moving average price is $117.75. DTE Energy has a 12 month low of $92.58 and a 12 month high of $131.66. The firm has a market capitalization of $26.19 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 2.29 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.

DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Thursday, October 24th. The utilities provider reported $2.22 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.35. The company 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%. Equities research analysts forecast that DTE Energy will post 6.7 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on DTE shares. Jefferies Financial Group started coverage on DTE Energy in a research report on Monday, October 21st. They issued a “hold” rating and a $137.00 price target on the stock. LADENBURG THALM/SH SH started coverage on DTE Energy in a research report on Wednesday, August 14th. They issued a “buy” rating and a $131.00 target price on the stock. KeyCorp lifted their target price on DTE Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a research report on Tuesday. 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. Finally, Bank of America lifted their target price on DTE Energy from $131.00 to $136.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, DTE Energy currently has an average rating of “Moderate Buy” and an average target price 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.