Aptus Capital Advisors LLC Grows Position in DTE Energy (NYSE:DTE)

Aptus Capital Advisors LLC raised its position in DTE Energy (NYSE:DTE) by 3.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,632 shares of the utilities provider’s stock after acquiring an additional 94 shares during the quarter. Aptus Capital Advisors LLC’s holdings in DTE Energy were worth $292,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Center for Financial Planning Inc. raised its holdings in shares of DTE Energy by 2.2% in the 1st quarter. Center for Financial Planning Inc. now owns 4,972 shares of the utilities provider’s stock valued at $558,000 after purchasing an additional 105 shares in the last quarter. TIAA Trust National Association raised its stake in DTE Energy by 2.9% in the first 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 in the last quarter. S.A. Mason LLC lifted its holdings 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 buying an additional 106 shares during the last quarter. Texas Permanent School Fund Corp boosted its position in shares of DTE Energy by 0.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 41,908 shares of the utilities provider’s stock worth $4,700,000 after acquiring an additional 107 shares in the last quarter. Finally, Retirement Systems of Alabama boosted its position in shares of DTE Energy by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 45,568 shares of the utilities provider’s stock worth $5,110,000 after acquiring an additional 127 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Trading Up 0.4 %

NYSE:DTE opened at $125.52 on Wednesday. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73. The stock’s 50 day simple moving average is $118.03 and its 200-day simple moving average is $113.53. DTE Energy has a 12-month low of $90.14 and a 12-month high of $126.76. The firm has a market cap of $25.97 billion, a P/E ratio of 20.54, a PEG ratio of 2.29 and a beta of 0.66.

DTE Energy (NYSE:DTE) last announced its quarterly earnings data on Thursday, July 25th. The utilities provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.22. The company had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.65 billion. DTE Energy had a net margin of 11.18% and a return on equity of 12.18%. During the same quarter in the prior year, the firm earned $0.99 EPS. Equities analysts anticipate that DTE Energy will post 6.7 EPS for the current year.

DTE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 16th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 3.25%. The ex-dividend date is Monday, September 16th. DTE Energy’s payout ratio is 66.78%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Morgan Stanley raised their target price on DTE Energy from $114.00 to $121.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. Wells Fargo & Company boosted their price objective on shares of DTE Energy from $125.00 to $133.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. KeyCorp upped their target price on shares of DTE Energy from $117.00 to $125.00 and gave the company an “overweight” rating in a report on Monday, May 20th. Barclays lifted their price target on shares of DTE Energy from $123.00 to $128.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 30th. Finally, LADENBURG THALM/SH SH initiated coverage on shares of DTE Energy in a research report on Wednesday, August 14th. They issued a “buy” rating and a $131.00 price target for the company. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $123.92.

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.