Blue Trust Inc. Has $391,000 Stock Holdings in DTE Energy (NYSE:DTE)

Blue Trust Inc. boosted its stake in DTE Energy (NYSE:DTE) by 52.5% in the third quarter, HoldingsChannel reports. The firm owned 3,042 shares of the utilities provider’s stock after buying an additional 1,047 shares during the period. Blue Trust Inc.’s holdings in DTE Energy were worth $391,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. UniSuper Management Pty Ltd grew its holdings in DTE Energy by 407.3% in the first quarter. UniSuper Management Pty Ltd now owns 10,715 shares of the utilities provider’s stock worth $1,202,000 after purchasing an additional 8,603 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of DTE Energy by 9.9% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 124,264 shares of the utilities provider’s stock valued at $13,934,000 after buying an additional 11,218 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its stake in shares of DTE Energy by 6.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 229,495 shares of the utilities provider’s stock valued at $25,139,000 after buying an additional 14,022 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of DTE Energy by 12.6% in the first quarter. Canada Pension Plan Investment Board now owns 381,985 shares of the utilities provider’s stock valued at $42,836,000 after buying an additional 42,635 shares in the last quarter. Finally, Founders Financial Securities LLC bought a new position in shares of DTE Energy in the first quarter valued at $802,000. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Morgan Stanley raised their price objective on shares of DTE Energy from $121.00 to $128.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. LADENBURG THALM/SH SH assumed coverage on shares of DTE Energy in a research note on Wednesday, August 14th. They issued a “buy” rating and a $131.00 price objective on the stock. KeyCorp raised their price objective on shares of DTE Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a research note on Tuesday. Jefferies Financial Group began coverage on shares of DTE Energy in a research note on Monday. They issued a “hold” rating and a $137.00 price objective on the stock. Finally, Mizuho raised their price target on shares of DTE Energy from $121.00 to $133.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $130.54.

DTE Energy Stock Performance

NYSE DTE opened at $129.99 on Thursday. DTE Energy has a 52-week low of $92.58 and a 52-week high of $130.04. The company has a 50-day simple moving average of $125.52 and a 200 day simple moving average of $117.67. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.52 and a current ratio of 0.69. The company has a market capitalization of $26.90 billion, a PE ratio of 21.27, a price-to-earnings-growth ratio of 2.29 and a beta of 0.67.

DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Thursday, July 25th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.22. The business 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 last year, the company posted $0.99 earnings per share. On average, research analysts predict that DTE Energy will post 6.7 EPS for the current year.

About DTE Energy

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.