Kingsview Wealth Management LLC Buys Shares of 5,117 DTE Energy (NYSE:DTE)

Kingsview Wealth Management LLC purchased a new position in shares of DTE Energy (NYSE:DTE - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,117 shares of the utilities provider's stock, valued at approximately $657,000.

Several other institutional investors have also recently added to or reduced their stakes in DTE. Ridgewood Investments LLC purchased a new position in DTE Energy during the 2nd quarter worth $31,000. Ashton Thomas Securities LLC acquired a new position in shares of DTE Energy during the third quarter worth about $35,000. Prospera Private Wealth LLC acquired a new position in shares of DTE Energy during the third quarter worth about $35,000. Coastline Trust Co purchased a new position in DTE Energy during the third quarter worth about $39,000. Finally, Fairscale Capital LLC acquired a new stake in DTE Energy in the second quarter valued at about $54,000. Institutional investors and hedge funds own 76.06% of the company's stock.

DTE Energy Trading Up 0.5 %

NYSE DTE opened at $126.08 on Thursday. The stock has a market cap of $26.11 billion, a P/E ratio of 17.08, a PEG ratio of 2.31 and a beta of 0.68. The company's fifty day simple moving average is $124.66 and its 200-day simple moving average is $119.88. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76. DTE Energy has a 52 week low of $102.17 and a 52 week high of $131.66.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company increased their target price on DTE Energy from $133.00 to $145.00 and gave the stock an "overweight" rating in a research note on Friday, October 25th. Barclays increased their price objective on DTE Energy from $128.00 to $137.00 and gave the stock an "overweight" rating in a research report on Monday, October 7th. LADENBURG THALM/SH SH started coverage on shares of DTE Energy in a research report on Wednesday, August 14th. They set a "buy" rating and a $131.00 price target for the company. Morgan Stanley lowered their price objective on shares of DTE Energy from $131.00 to $128.00 and set an "overweight" rating on the stock in a research note on Friday, November 22nd. Finally, BMO Capital Markets raised their price target on DTE Energy from $135.00 to $140.00 and gave the stock a "market perform" rating in a research report on Friday, October 18th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, DTE Energy currently has an average rating of "Moderate Buy" and an average target price of $131.46.

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.