DRW Securities LLC acquired a new position in shares of DTE Energy (NYSE:DTE - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 10,219 shares of the utilities provider's stock, valued at approximately $1,312,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ridgewood Investments LLC bought a new position in DTE Energy during the second quarter worth about $31,000. Ashton Thomas Securities LLC bought a new position in shares of DTE Energy during the third quarter worth approximately $35,000. Prospera Private Wealth LLC bought a new position in DTE Energy during the 3rd quarter worth $35,000. Coastline Trust Co acquired a new stake in shares of DTE Energy during the 3rd quarter worth $39,000. Finally, Fairscale Capital LLC bought a new position in shares of DTE Energy in the second quarter worth $54,000. 76.06% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts have commented on the stock. Barclays raised their target price on shares of DTE Energy from $128.00 to $137.00 and gave the company an "overweight" rating in a report on Monday, October 7th. Jefferies Financial Group started coverage on DTE Energy in a research note on Monday, October 21st. They issued a "hold" rating and a $137.00 price target on the stock. Morgan Stanley reduced their price objective on DTE Energy from $131.00 to $128.00 and set an "overweight" rating on the stock in a research note on Friday. StockNews.com raised shares of DTE Energy from a "sell" rating to a "hold" rating in a report on Tuesday, November 5th. Finally, Bank of America lifted their price target on shares of DTE Energy from $131.00 to $136.00 and gave the company a "buy" rating in a report on Thursday, August 29th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $131.46.
Read Our Latest Stock Report on DTE Energy
DTE Energy Trading Up 0.2 %
DTE stock traded up $0.26 during trading on Tuesday, hitting $125.44. The company had a trading volume of 1,148,531 shares, compared to its average volume of 1,123,918. DTE Energy has a one year low of $102.17 and a one year high of $131.66. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76. The stock has a market cap of $25.98 billion, a PE ratio of 17.00, a PEG ratio of 2.30 and a beta of 0.68. The business has a 50-day moving average of $124.63 and a 200-day moving average of $119.83.
About DTE Energy
(
Free Report)
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.
See Also
Before you consider DTE Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and DTE Energy wasn't on the list.
While DTE Energy currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.