DTE Energy (NYSE:DTE) Short Interest Update

DTE Energy (NYSE:DTE - Get Free Report) was the target of a significant decline in short interest in October. As of October 31st, there was short interest totalling 2,210,000 shares, a decline of 16.0% from the October 15th total of 2,630,000 shares. Based on an average daily trading volume, of 1,090,000 shares, the days-to-cover ratio is presently 2.0 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of DTE. ESL Trust Services LLC bought a new stake in DTE Energy in the first quarter valued at $27,000. Legacy Investment Solutions LLC acquired a new position in DTE Energy during the 3rd quarter valued at about $30,000. Ridgewood Investments LLC acquired a new stake in DTE Energy in the 2nd quarter valued at approximately $31,000. Ashton Thomas Securities LLC bought a new stake in shares of DTE Energy during the third quarter valued at about $35,000. Finally, Prospera Private Wealth LLC acquired a new stake in shares of DTE Energy in the 3rd quarter worth approximately $35,000. 76.06% of the stock is owned by institutional investors and hedge funds.

DTE Energy Stock Up 0.6 %

NYSE DTE traded up $0.68 on Friday, hitting $120.09. 3,097,978 shares of the stock traded hands, compared to its average volume of 1,110,206. 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 50-day moving average of $124.90 and a 200 day moving average of $119.25. DTE Energy has a twelve month low of $101.44 and a twelve month high of $131.66. The company has a market capitalization of $24.87 billion, a P/E ratio of 16.27, a price-to-earnings-growth ratio of 2.19 and a beta of 0.68.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company lifted their price target on shares of DTE Energy from $133.00 to $145.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. Barclays lifted their price target on shares of DTE Energy from $128.00 to $137.00 and gave the company an "overweight" rating in a research report on Monday, October 7th. Jefferies Financial Group began coverage on shares of DTE Energy in a research report on Monday, October 21st. They set a "hold" rating and a $137.00 price target on the stock. KeyCorp lifted their price target on shares of DTE Energy from $136.00 to $138.00 and gave the company an "overweight" rating in a research report on Tuesday, October 22nd. Finally, Mizuho lifted their price target on shares of DTE Energy from $121.00 to $133.00 and gave the company an "outperform" rating in a research report on Tuesday, September 10th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus 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.