Checchi Capital Advisers LLC Sells 208 Shares of DTE Energy Company $DTE

Checchi Capital Advisers LLC decreased its position in shares of DTE Energy Company (NYSE:DTE) by 10.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,847 shares of the utilities provider’s stock after selling 208 shares during the quarter. Checchi Capital Advisers LLC’s holdings in DTE Energy were worth $245,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cloud Capital Management LLC purchased a new stake in shares of DTE Energy during the first quarter valued at about $25,000. Quintet Private Bank Europe S.A. purchased a new stake in shares of DTE Energy during the second quarter valued at about $25,000. Olde Wealth Management LLC purchased a new stake in shares of DTE Energy during the first quarter valued at about $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of DTE Energy during the first quarter valued at about $28,000. Finally, SouthState Corp purchased a new stake in shares of DTE Energy during the first quarter valued at about $29,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.

Insider Activity

In other news, VP Lisa A. Muschong sold 1,600 shares of the firm’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $140.53, for a total value of $224,848.00. Following the completion of the transaction, the vice president directly owned 4,153 shares in the company, valued at $583,621.09. This trade represents a 27.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.33% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have commented on the stock. Wall Street Zen raised shares of DTE Energy from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. Scotiabank reissued a “sector perform” rating and set a $147.00 price target on shares of DTE Energy in a research report on Friday. Weiss Ratings reiterated a “buy (b-)” rating on shares of DTE Energy in a research note on Saturday, September 27th. Barclays increased their price target on DTE Energy from $136.00 to $138.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 15th. Finally, BMO Capital Markets increased their price target on DTE Energy from $140.00 to $144.00 and gave the company a “market perform” rating in a research note on Monday, August 25th. Seven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, DTE Energy has an average rating of “Moderate Buy” and an average price target of $144.00.

DTE Energy Trading Up 0.3%

DTE Energy stock opened at $142.20 on Wednesday. The stock has a 50-day moving average of $138.21 and a two-hundred day moving average of $135.76. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.57 and a current ratio of 0.94. DTE Energy Company has a one year low of $115.59 and a one year high of $143.79. The stock has a market cap of $29.52 billion, a PE ratio of 20.46, a price-to-earnings-growth ratio of 2.81 and a beta of 0.42.

DTE Energy (NYSE:DTE) last announced its quarterly earnings data on Tuesday, July 29th. The utilities provider reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.01). DTE Energy had a return on equity of 12.72% and a net margin of 10.16%.The firm had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.67 billion. On average, research analysts anticipate that DTE Energy Company will post 7.18 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.