Creative Planning Acquires 1,140 Shares of DTE Energy (NYSE:DTE)

Creative Planning increased its holdings in shares of DTE Energy (NYSE:DTE) by 1.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,014 shares of the utilities provider’s stock after acquiring an additional 1,140 shares during the period. Creative Planning’s holdings in DTE Energy were worth $6,995,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Aptus Capital Advisors LLC grew its position in DTE Energy by 3.7% during the 2nd quarter. Aptus Capital Advisors LLC now owns 2,632 shares of the utilities provider’s stock worth $292,000 after acquiring an additional 94 shares during the last quarter. ASB Consultores LLC boosted its position in DTE Energy by 4.9% in the 2nd quarter. ASB Consultores LLC now owns 2,179 shares of the utilities provider’s stock valued at $242,000 after buying an additional 101 shares during the last quarter. TIAA Trust National Association boosted its position in DTE Energy by 2.9% in the 1st 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 during the last quarter. S.A. Mason LLC boosted its position in DTE Energy by 10.5% in the 2nd quarter. S.A. Mason LLC now owns 1,120 shares of the utilities provider’s stock valued at $124,000 after buying an additional 106 shares during the last quarter. Finally, Texas Permanent School Fund Corp boosted its position in DTE Energy by 0.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 41,908 shares of the utilities provider’s stock valued at $4,700,000 after buying an additional 107 shares during the last quarter. 76.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on DTE. Wells Fargo & Company increased their price objective on DTE Energy from $125.00 to $133.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Mizuho increased their price objective on DTE Energy from $121.00 to $133.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Bank of America increased their price objective on DTE Energy from $131.00 to $136.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. BMO Capital Markets increased their price target on DTE Energy from $126.00 to $135.00 and gave the company a “market perform” rating in a research note on Friday, September 6th. Finally, KeyCorp increased their price target on DTE Energy from $130.00 to $136.00 and gave the company an “overweight” rating in a research note on Monday. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, DTE Energy currently has an average rating of “Moderate Buy” and an average price target of $128.67.

DTE Energy Stock Performance

Shares of DTE Energy stock opened at $128.68 on Thursday. The company has a market capitalization of $26.63 billion, a PE ratio of 21.06, a PEG ratio of 2.32 and a beta of 0.67. DTE Energy has a 12 month low of $90.14 and a 12 month high of $129.53. 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 fifty day simple moving average is $123.56 and its 200 day simple moving average is $115.89.

DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Thursday, July 25th. The utilities provider reported $1.43 EPS for the quarter, topping the consensus estimate of $1.21 by $0.22. The business had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.65 billion. DTE Energy had a return on equity of 12.18% and a net margin of 11.18%. During the same quarter last year, the business posted $0.99 EPS. On average, research analysts predict that DTE Energy will post 6.7 EPS for the current 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.