Mediolanum International Funds Ltd Has $14.35 Million Stock Holdings in DTE Energy (NYSE:DTE)

Mediolanum International Funds Ltd increased its position in shares of DTE Energy (NYSE:DTE - Free Report) by 16.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 112,846 shares of the utilities provider's stock after buying an additional 16,240 shares during the quarter. Mediolanum International Funds Ltd owned 0.05% of DTE Energy worth $14,351,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC acquired a new stake in shares of DTE Energy during the 1st quarter worth approximately $225,000. Procyon Advisors LLC acquired a new position in shares of DTE Energy in the 1st quarter valued at $1,032,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of DTE Energy by 15.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,990 shares of the utilities provider's stock worth $1,569,000 after acquiring an additional 1,911 shares during the period. Foguth Wealth Management LLC. acquired a new stake in shares of DTE Energy during the 1st quarter valued at about $255,000. Finally, Founders Financial Securities LLC bought a new stake in DTE Energy in the first quarter valued at about $802,000. 76.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on DTE. Bank of America lifted their price objective on DTE Energy from $131.00 to $136.00 and gave the company a "buy" rating in a report on Thursday, August 29th. Morgan Stanley upped their price target on DTE Energy from $121.00 to $128.00 and gave the company an "overweight" rating in a research report on Wednesday, September 25th. StockNews.com raised DTE Energy from a "sell" rating to a "hold" rating in a report on Sunday, August 11th. 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. Finally, Jefferies Financial Group initiated coverage on shares of DTE Energy in a report on Monday. They set a "hold" rating and a $137.00 price target for the company. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $131.46.

DTE Energy Price Performance

Shares of DTE traded down $3.20 during mid-day trading on Friday, hitting $126.57. 1,275,942 shares of the company traded hands, compared to its average volume of 1,075,940. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73. The business has a 50-day moving average of $125.68 and a 200 day moving average of $117.75. DTE Energy has a one year low of $92.58 and a one year high of $131.66. The stock has a market capitalization of $26.19 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 2.29 and a beta of 0.67.

DTE Energy (NYSE:DTE - Get Free Report) last released its earnings results on Thursday, October 24th. The utilities provider reported $2.22 earnings per share for the quarter, topping analysts' consensus estimates of $1.87 by $0.35. The company had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $3.17 billion. DTE Energy had a return on equity of 12.18% and a net margin of 11.18%. As a group, equities analysts expect that DTE Energy will post 6.7 earnings per share for the current fiscal 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.