Mizuho Securities USA LLC Raises Stock Position in DTE Energy (NYSE:DTE)

Mizuho Securities USA LLC raised its holdings in shares of DTE Energy (NYSE:DTE - Free Report) by 44,009.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,039,000 shares of the utilities provider's stock after purchasing an additional 7,023,042 shares during the period. DTE Energy accounts for 2.4% of Mizuho Securities USA LLC's portfolio, making the stock its 11th largest position. Mizuho Securities USA LLC owned approximately 3.40% of DTE Energy worth $903,878,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. ESL Trust Services LLC bought a new stake in shares of DTE Energy during the first quarter valued at approximately $27,000. Ashton Thomas Securities LLC bought a new stake in shares of DTE Energy during the third quarter valued at approximately $35,000. Ridgewood Investments LLC bought a new stake in shares of DTE Energy during the second quarter valued at approximately $31,000. Coastline Trust Co bought a new stake in shares of DTE Energy during the third quarter valued at approximately $39,000. Finally, Fairscale Capital LLC bought a new stake in DTE Energy in the 2nd quarter worth approximately $54,000. Institutional investors own 76.06% of the company's stock.

Wall Street Analysts Forecast Growth

DTE has been the subject of a number of research analyst reports. LADENBURG THALM/SH SH initiated coverage on shares of DTE Energy in a research report on Wednesday, August 14th. They issued a "buy" rating and a $131.00 target price for the company. Morgan Stanley lifted their price target on shares of DTE Energy from $121.00 to $128.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 25th. Barclays upped their target price on shares of DTE Energy from $128.00 to $137.00 and gave the stock an "overweight" rating in a report on Monday, October 7th. KeyCorp upped their target price on shares of DTE Energy from $136.00 to $138.00 and gave the stock an "overweight" rating in a report on Tuesday, October 22nd. Finally, Scotiabank increased their price objective 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. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $131.46.

DTE Energy Trading Up 0.6 %

DTE Energy stock traded up $0.68 during midday trading on Friday, reaching $120.09. The stock had a trading volume of 3,097,978 shares, compared to its average volume of 1,110,206. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 1.76. DTE Energy has a 52-week low of $101.44 and a 52-week high of $131.66. The firm has a market cap of $24.87 billion, a price-to-earnings ratio of 16.27, a price-to-earnings-growth ratio of 2.19 and a beta of 0.68. The company has a fifty day moving average of $124.90 and a 200 day moving average of $119.25.

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.