Sigma Investment Counselors Inc. Increases Holdings in DTE Energy (NYSE:DTE)

Sigma Investment Counselors Inc. grew its holdings in DTE Energy (NYSE:DTE) by 13.4% during the third quarter, HoldingsChannel reports. The fund owned 7,806 shares of the utilities provider’s stock after purchasing an additional 924 shares during the period. Sigma Investment Counselors Inc.’s holdings in DTE Energy were worth $1,002,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Signaturefd LLC boosted its holdings in DTE Energy by 3.1% in the third quarter. Signaturefd LLC now owns 2,889 shares of the utilities provider’s stock valued at $371,000 after purchasing an additional 86 shares in the last quarter. Aptus Capital Advisors LLC boosted its holdings in shares of DTE Energy by 3.7% in the 2nd quarter. Aptus Capital Advisors LLC now owns 2,632 shares of the utilities provider’s stock valued at $292,000 after buying an additional 94 shares in the last quarter. ASB Consultores LLC grew its position in shares of DTE Energy by 4.9% in the 2nd quarter. ASB Consultores LLC now owns 2,179 shares of the utilities provider’s stock valued at $242,000 after buying an additional 101 shares during the last quarter. TIAA Trust National Association grew its position in shares of DTE Energy by 2.9% in the 1st quarter. TIAA Trust National Association now owns 3,771 shares of the utilities provider’s stock valued at $423,000 after buying an additional 106 shares during the last quarter. Finally, S.A. Mason LLC raised its stake in DTE Energy by 10.5% during the 2nd quarter. S.A. Mason LLC now owns 1,120 shares of the utilities provider’s stock worth $124,000 after acquiring an additional 106 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Barclays raised their price objective on DTE Energy from $128.00 to $137.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Scotiabank raised their price target on DTE Energy from $120.00 to $137.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Mizuho boosted their price objective on DTE Energy from $121.00 to $133.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. StockNews.com upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a research report on Sunday, August 11th. Finally, BMO Capital Markets upped 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 report on Friday, October 18th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, DTE Energy presently has an average rating of “Moderate Buy” and a consensus target price of $131.46.

DTE Energy Stock Down 2.5 %

Shares of NYSE DTE opened at $126.57 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.69 and a debt-to-equity ratio of 1.73. The firm has a 50-day moving average price of $125.68 and a 200 day moving average price of $117.75. DTE Energy has a 52 week low of $92.58 and a 52 week high of $131.66. The stock has a market capitalization of $26.19 billion, a price-to-earnings ratio of 20.72, a price-to-earnings-growth ratio of 2.29 and a beta of 0.67.

DTE Energy (NYSE:DTE) last announced its quarterly earnings results on Thursday, October 24th. The utilities provider reported $2.22 EPS for the quarter, topping the consensus estimate of $1.87 by $0.35. The business 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 anticipate that DTE Energy will post 6.7 EPS for the current fiscal 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.