B.O.S.S. Retirement Advisors LLC Has $1.33 Million Holdings in DTE Energy (NYSE:DTE)

B.O.S.S. Retirement Advisors LLC boosted its holdings in shares of DTE Energy (NYSE:DTE) by 2.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,384 shares of the utilities provider’s stock after buying an additional 277 shares during the quarter. B.O.S.S. Retirement Advisors LLC’s holdings in DTE Energy were worth $1,333,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in DTE. ESL Trust Services LLC acquired a new stake in shares of DTE Energy in the first quarter worth $27,000. Rise Advisors LLC lifted its position in DTE Energy by 89.6% during the 1st quarter. Rise Advisors LLC now owns 273 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 129 shares during the last quarter. Ridgewood Investments LLC bought a new stake in DTE Energy during the second quarter valued at about $31,000. Denali Advisors LLC acquired a new stake in shares of DTE Energy in the first quarter valued at about $34,000. Finally, Salomon & Ludwin LLC increased its stake in shares of DTE Energy by 82.3% in the first quarter. Salomon & Ludwin LLC now owns 432 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 195 shares during the period. Institutional investors own 76.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on DTE shares. StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a report on Sunday, August 11th. Barclays increased 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. KeyCorp upped their price objective on shares of DTE Energy from $130.00 to $136.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. BMO Capital Markets lifted their target price on DTE Energy from $126.00 to $135.00 and gave the stock a “market perform” rating in a research report on Friday, September 6th. Finally, Scotiabank upped their price target on DTE Energy from $120.00 to $137.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $129.42.

DTE Energy Stock Up 0.8 %

NYSE DTE opened at $128.47 on Thursday. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.69 and a quick ratio of 0.52. The firm has a market cap of $26.59 billion, a PE ratio of 21.03, a price-to-earnings-growth ratio of 2.29 and a beta of 0.67. The stock’s 50 day simple moving average is $124.73 and its 200 day simple moving average is $117.02. DTE Energy has a one year low of $92.58 and a one year high of $129.53.

DTE Energy (NYSE:DTE) last issued its quarterly earnings results 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. DTE Energy had a net margin of 11.18% and a return on equity of 12.18%. The business had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the prior year, the company earned $0.99 EPS. As a group, sell-side analysts forecast that DTE Energy will post 6.7 earnings per share for the current fiscal year.

DTE Energy 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.