Lincoln Capital Corp Buys New Holdings in DTE Energy (NYSE:DTE)

Lincoln Capital Corp purchased a new position in shares of DTE Energy (NYSE:DTE - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 22,162 shares of the utilities provider's stock, valued at approximately $2,846,000. DTE Energy makes up approximately 1.2% of Lincoln Capital Corp's holdings, making the stock its 27th biggest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of DTE. ESL Trust Services LLC bought a new position in shares of DTE Energy during the 1st quarter worth approximately $27,000. Ridgewood Investments LLC purchased a new stake in shares of DTE Energy during the second quarter valued at approximately $31,000. Denali Advisors LLC bought a new stake in DTE Energy during the first quarter worth $34,000. Salomon & Ludwin LLC boosted its position in 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 last quarter. Finally, Fairscale Capital LLC bought a new position in DTE Energy in the 2nd quarter valued at $54,000. 76.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on DTE shares. Wells Fargo & Company lifted their target price on DTE Energy from $133.00 to $145.00 and gave the stock an "overweight" rating in a research note on Friday. Jefferies Financial Group assumed coverage on shares of DTE Energy in a research note on Monday, October 21st. They issued a "hold" rating and a $137.00 target price on the stock. BMO Capital Markets raised their price target on shares of DTE Energy from $135.00 to $140.00 and gave the stock a "market perform" rating in a research note on Friday, October 18th. Mizuho upped 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. Finally, StockNews.com raised DTE Energy from a "sell" rating to a "hold" rating in a report on Sunday, August 11th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, DTE Energy presently has an average rating of "Moderate Buy" and a consensus target price of $131.46.

DTE Energy Price Performance

Shares of DTE stock traded down $3.20 on Friday, reaching $126.57. The company's stock had a trading volume of 1,276,027 shares, compared to its average volume of 1,075,940. DTE Energy has a 12-month low of $92.58 and a 12-month high of $131.66. 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 company has a market capitalization of $26.19 billion, a P/E ratio of 20.72, a PEG ratio of 2.29 and a beta of 0.67. The stock's 50 day simple moving average is $125.77 and its 200-day simple moving average is $117.87.

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 for the quarter, beating analysts' consensus estimates of $1.21 by $0.22. DTE Energy had a return on equity of 12.18% and a net margin of 11.18%. The company had revenue of $2.88 billion for the quarter, compared to analysts' expectations of $2.65 billion. During the same period last year, the firm posted $0.99 EPS. As a group, equities analysts predict that DTE Energy will post 6.7 earnings per share 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.