Creative Planning Acquires 3,963 Shares of DTE Energy Company $DTE

Creative Planning lifted its holdings in shares of DTE Energy Company (NYSE:DTE) by 5.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 74,841 shares of the utilities provider’s stock after purchasing an additional 3,963 shares during the period. Creative Planning’s holdings in DTE Energy were worth $9,913,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Dynamic Technology Lab Private Ltd bought a new stake in shares of DTE Energy during the first quarter valued at approximately $567,000. Nordea Investment Management AB boosted its position in DTE Energy by 5.3% in the 2nd quarter. Nordea Investment Management AB now owns 208,818 shares of the utilities provider’s stock valued at $27,470,000 after buying an additional 10,586 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of DTE Energy by 65.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,612,925 shares of the utilities provider’s stock valued at $223,019,000 after buying an additional 637,378 shares during the period. Focus Partners Wealth raised its position in shares of DTE Energy by 3.6% during the first quarter. Focus Partners Wealth now owns 181,905 shares of the utilities provider’s stock worth $25,152,000 after acquiring an additional 6,375 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in shares of DTE Energy by 9.9% during the second quarter. Janney Montgomery Scott LLC now owns 53,714 shares of the utilities provider’s stock valued at $7,115,000 after acquiring an additional 4,838 shares during the period. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on DTE. Bank of America boosted their price objective on DTE Energy from $153.00 to $154.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Jefferies Financial Group reissued a “hold” rating and set a $149.00 price target on shares of DTE Energy in a research note on Monday, November 3rd. Wells Fargo & Company raised shares of DTE Energy to a “strong-buy” rating in a research note on Tuesday, October 28th. Weiss Ratings reiterated a “buy (b-)” rating on shares of DTE Energy in a research report on Wednesday, October 8th. Finally, BMO Capital Markets increased their price target on DTE Energy from $140.00 to $144.00 and gave the company a “market perform” rating in a research note on Monday, August 25th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, DTE Energy presently has an average rating of “Moderate Buy” and an average price target of $149.25.

DTE Energy Stock Performance

Shares of NYSE:DTE opened at $137.15 on Wednesday. The firm’s 50 day simple moving average is $138.74 and its 200 day simple moving average is $136.88. DTE Energy Company has a fifty-two week low of $116.30 and a fifty-two week high of $143.79. The company has a market capitalization of $28.48 billion, a price-to-earnings ratio of 19.73, a P/E/G ratio of 2.97 and a beta of 0.45. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.94 and a quick ratio of 0.57.

DTE Energy (NYSE:DTE) last announced its quarterly earnings results on Thursday, October 30th. The utilities provider reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.10 by $0.15. DTE Energy had a net margin of 10.16% and a return on equity of 12.72%. The company had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $3.23 billion. During the same period last year, the firm posted $2.22 earnings per share. DTE Energy has set its FY 2025 guidance at 7.090-7.230 EPS. FY 2026 guidance at 7.590-7.730 EPS. As a group, sell-side analysts forecast that DTE Energy Company will post 7.18 earnings per share for the current 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.