Entropy Technologies LP Buys 4,441 Shares of DTE Energy (NYSE:DTE)

Entropy Technologies LP lifted its stake in DTE Energy (NYSE:DTE - Free Report) by 10.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 45,182 shares of the utilities provider's stock after buying an additional 4,441 shares during the quarter. DTE Energy makes up about 0.6% of Entropy Technologies LP's investment portfolio, making the stock its 21st largest position. Entropy Technologies LP's holdings in DTE Energy were worth $5,802,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC lifted its position in shares of DTE Energy by 2.3% during the third quarter. Farther Finance Advisors LLC now owns 3,588 shares of the utilities provider's stock valued at $461,000 after buying an additional 81 shares during the last quarter. Signaturefd LLC raised its holdings in DTE Energy by 3.1% in the 3rd quarter. Signaturefd LLC now owns 2,889 shares of the utilities provider's stock valued at $371,000 after buying an additional 86 shares during the period. Aptus Capital Advisors LLC grew its position in DTE Energy by 3.7% in the 2nd quarter. Aptus Capital Advisors LLC now owns 2,632 shares of the utilities provider's stock valued at $292,000 after acquiring an additional 94 shares in the last quarter. ASB Consultores LLC boosted its holdings in DTE Energy by 4.9% in the second quarter. ASB Consultores LLC now owns 2,179 shares of the utilities provider's stock valued at $242,000 after purchasing an additional 101 shares in the last quarter. Finally, TIAA Trust National Association lifted its stake in DTE Energy by 2.9% in the first quarter. TIAA Trust National Association now owns 3,771 shares of the utilities provider's stock valued at $423,000 after buying an additional 106 shares during the last quarter. Hedge funds and other institutional investors own 76.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on DTE shares. Scotiabank raised their target price on shares of DTE Energy from $120.00 to $137.00 and gave the company a "sector outperform" rating in a report on Tuesday, August 20th. Morgan Stanley lifted their price target on DTE Energy from $121.00 to $128.00 and gave the company an "overweight" rating in a report on Wednesday, September 25th. Bank of America lifted their price target on shares of DTE Energy from $131.00 to $136.00 and gave the stock a "buy" rating in a research report on Thursday, August 29th. Jefferies Financial Group initiated coverage on shares of DTE Energy in a research note on Monday, October 21st. They set a "hold" rating and a $137.00 target price for the company. Finally, BMO Capital Markets boosted their price objective on shares of DTE Energy from $135.00 to $140.00 and gave the stock a "market perform" rating in a report on Friday, October 18th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $131.46.

DTE Energy Price Performance

Shares of NYSE:DTE traded up $0.35 during trading on Tuesday, reaching $120.08. 1,578,275 shares of the company's stock traded hands, compared to its average volume of 1,097,187. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 1.76. The company has a 50-day simple moving average of $125.31 and a 200-day simple moving average of $119.11. DTE Energy has a fifty-two week low of $97.43 and a fifty-two week high of $131.66. The firm has a market cap of $24.87 billion, a PE ratio of 16.27, a P/E/G ratio of 2.13 and a beta of 0.68.

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.