Copperwynd Financial LLC Acquires 708 Shares of DTE Energy (NYSE:DTE)

Copperwynd Financial LLC increased its stake in DTE Energy (NYSE:DTE) by 13.6% during the second quarter, Holdings Channel.com reports. The institutional investor owned 5,907 shares of the utilities provider’s stock after buying an additional 708 shares during the period. Copperwynd Financial LLC’s holdings in DTE Energy were worth $712,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in DTE. Oliver Lagore Vanvalin Investment Group boosted its stake in DTE Energy by 35.9% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 6,016 shares of the utilities provider’s stock valued at $668,000 after acquiring an additional 1,590 shares during the last quarter. Millennium Management LLC lifted its stake in DTE Energy by 42.4% in the second quarter. Millennium Management LLC now owns 543,299 shares of the utilities provider’s stock valued at $60,312,000 after purchasing an additional 161,776 shares during the last quarter. MBB Public Markets I LLC bought a new position in DTE Energy during the second quarter valued at $1,643,000. Decade Renewable Partners LP grew its holdings in DTE Energy by 63.8% during the second quarter. Decade Renewable Partners LP now owns 65,700 shares of the utilities provider’s stock valued at $7,293,000 after purchasing an additional 25,600 shares during the period. Finally, Ameriprise Financial Inc. increased its position in DTE Energy by 1.6% in the second quarter. Ameriprise Financial Inc. now owns 5,557,309 shares of the utilities provider’s stock worth $616,938,000 after buying an additional 86,205 shares during the last quarter. Institutional investors own 76.06% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on DTE shares. Wells Fargo & Company upped their price target on DTE Energy from $125.00 to $133.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. BMO Capital Markets upped their price objective on shares of DTE Energy from $126.00 to $135.00 and gave the company a “market perform” rating in a report on Friday, September 6th. Morgan Stanley lifted their target price on shares of DTE Energy from $121.00 to $128.00 and gave the stock an “overweight” rating in a research note on Wednesday. KeyCorp upped their price target on shares of DTE Energy from $126.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Finally, Scotiabank raised their price objective on shares of DTE Energy from $120.00 to $137.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $128.17.

DTE Energy Stock Performance

DTE Energy stock opened at $127.38 on Friday. DTE Energy has a 1-year low of $90.14 and a 1-year high of $127.89. 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 firm has a market capitalization of $26.36 billion, a PE ratio of 20.85, a price-to-earnings-growth ratio of 2.32 and a beta of 0.67. The firm’s 50 day simple moving average is $122.86 and its 200 day simple moving average is $115.50.

DTE Energy (NYSE:DTE) last released its quarterly earnings results on Thursday, July 25th. The utilities provider reported $1.43 earnings per share 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 firm had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter in the prior year, the firm posted $0.99 earnings per share. As a group, analysts expect 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.