Versor Investments LP Has $3.11 Million Holdings in DTE Energy (NYSE:DTE)

Versor Investments LP boosted its position in shares of DTE Energy (NYSE:DTE - Free Report) by 87.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,195 shares of the utilities provider's stock after purchasing an additional 11,257 shares during the quarter. DTE Energy accounts for about 0.5% of Versor Investments LP's investment portfolio, making the stock its 14th biggest holding. Versor Investments LP's holdings in DTE Energy were worth $3,107,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in shares of DTE Energy during the 3rd quarter valued at about $35,000. Legacy Capital Wealth Partners LLC bought a new stake in DTE Energy in the 3rd quarter valued at approximately $209,000. Mesirow Financial Investment Management Inc. boosted its position in DTE Energy by 39.2% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 5,166 shares of the utilities provider's stock worth $663,000 after acquiring an additional 1,454 shares during the last quarter. Atria Investments Inc raised its stake in DTE Energy by 23.9% in the third quarter. Atria Investments Inc now owns 11,060 shares of the utilities provider's stock valued at $1,420,000 after buying an additional 2,137 shares during the period. Finally, Assetmark Inc. lifted its position in shares of DTE Energy by 10.6% in the third quarter. Assetmark Inc. now owns 3,154 shares of the utilities provider's stock valued at $405,000 after buying an additional 301 shares during the last quarter. Institutional investors own 76.06% of the company's stock.

DTE Energy Trading Up 1.6 %

NYSE:DTE traded up $1.93 during trading hours on Monday, hitting $119.73. 1,291,680 shares of the company were exchanged, compared to its average volume of 1,094,983. The stock has a market capitalization of $24.80 billion, a price-to-earnings ratio of 16.22, a price-to-earnings-growth ratio of 2.13 and a beta of 0.68. DTE Energy has a one year low of $97.43 and a one year high of $131.66. The company has a fifty day simple moving average of $125.42 and a 200 day simple moving average of $119.05. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76.

Analyst Ratings Changes

A number of equities analysts have commented on DTE shares. BMO Capital Markets lifted their price objective on shares of DTE Energy from $135.00 to $140.00 and gave the stock a "market perform" rating in a research report on Friday, October 18th. Jefferies Financial Group assumed coverage on shares of DTE Energy in a research note on Monday, October 21st. They issued a "hold" rating and a $137.00 price target on the stock. Barclays upped their target price on DTE Energy from $128.00 to $137.00 and gave the company an "overweight" rating in a research report on Monday, October 7th. Morgan Stanley boosted their price target on DTE Energy from $121.00 to $128.00 and gave the company an "overweight" rating in a research note on Wednesday, September 25th. Finally, LADENBURG THALM/SH SH started coverage on DTE Energy in a research report on Wednesday, August 14th. They set a "buy" rating and a $131.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus 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.