EP Wealth Advisors LLC Makes New Investment in DTE Energy (NYSE:DTE)

EP Wealth Advisors LLC acquired a new stake in DTE Energy (NYSE:DTE) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,814 shares of the utilities provider’s stock, valued at approximately $201,000.

A number of other hedge funds also recently made changes to their positions in DTE. Capital Research Global Investors lifted its stake in DTE Energy by 1.2% during the first quarter. Capital Research Global Investors now owns 21,194,653 shares of the utilities provider’s stock worth $2,376,768,000 after purchasing an additional 261,623 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of DTE Energy by 1.6% in the 2nd 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 in the last quarter. Clearbridge Investments LLC lifted its position in shares of DTE Energy by 224.7% during the 1st quarter. Clearbridge Investments LLC now owns 2,538,106 shares of the utilities provider’s stock worth $284,623,000 after buying an additional 1,756,459 shares during the period. Janus Henderson Group PLC lifted its position in shares of DTE Energy by 6,964.9% during the 1st quarter. Janus Henderson Group PLC now owns 2,090,350 shares of the utilities provider’s stock worth $234,410,000 after buying an additional 2,060,762 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in DTE Energy by 3.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,667,111 shares of the utilities provider’s stock valued at $185,066,000 after buying an additional 59,811 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Mizuho lifted their price objective on DTE Energy from $121.00 to $133.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. StockNews.com raised shares of DTE Energy from a “sell” rating to a “hold” rating in a report on Sunday, August 11th. Barclays raised their price target on DTE Energy from $123.00 to $128.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. BMO Capital Markets boosted their price objective on DTE Energy from $126.00 to $135.00 and gave the stock a “market perform” rating in a research note on Friday, September 6th. Finally, Wells Fargo & Company lifted their price target on DTE Energy from $125.00 to $133.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, DTE Energy has an average rating of “Moderate Buy” and a consensus target price of $128.67.

DTE Energy Trading Down 0.4 %

NYSE:DTE opened at $126.98 on Friday. The firm has a market capitalization of $26.28 billion, a price-to-earnings ratio of 20.78, a PEG ratio of 2.32 and a beta of 0.67. DTE Energy has a 1-year low of $90.14 and a 1-year high of $129.53. The business’s 50-day moving average price is $123.92 and its two-hundred day moving average price is $116.10. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73.

DTE Energy (NYSE:DTE) last announced its quarterly earnings results on Thursday, July 25th. The utilities provider reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.22. The company had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.65 billion. DTE Energy had a net margin of 11.18% and a return on equity of 12.18%. During the same period last year, the firm posted $0.99 earnings per share. On average, equities analysts expect that DTE Energy will post 6.7 earnings per share 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.