DTE Energy (NYSE:DTE) Stock Position Boosted by Pathstone Holdings LLC

Pathstone Holdings LLC grew its stake in shares of DTE Energy (NYSE:DTE) by 2.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,173 shares of the utilities provider’s stock after buying an additional 549 shares during the quarter. Pathstone Holdings LLC’s holdings in DTE Energy were worth $2,592,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in DTE. Mizuho Securities USA LLC raised its holdings in DTE Energy by 44,009.5% during the third quarter. Mizuho Securities USA LLC now owns 7,039,000 shares of the utilities provider’s stock worth $903,878,000 after purchasing an additional 7,023,042 shares in the last quarter. Millennium Management LLC raised its stake in shares of DTE Energy by 42.4% in the 2nd quarter. Millennium Management LLC now owns 543,299 shares of the utilities provider’s stock worth $60,312,000 after buying an additional 161,776 shares in the last quarter. Panagora Asset Management Inc. lifted its holdings in shares of DTE Energy by 133.2% in the second quarter. Panagora Asset Management Inc. now owns 248,151 shares of the utilities provider’s stock valued at $27,547,000 after buying an additional 141,718 shares during the period. Beck Bode LLC bought a new position in DTE Energy during the second quarter valued at about $13,355,000. Finally, Ameriprise Financial Inc. grew its holdings in DTE Energy by 1.6% during the second quarter. Ameriprise Financial Inc. now owns 5,557,309 shares of the utilities provider’s stock worth $616,938,000 after acquiring an additional 86,205 shares during the period. 76.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DTE has been the subject of several research reports. Bank of America raised their price objective on shares of DTE Energy from $131.00 to $136.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Morgan Stanley decreased their price target on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a research report on Friday. Jefferies Financial Group began coverage on DTE Energy in a research report on Monday, October 21st. They set a “hold” rating and a $137.00 price objective for the company. KeyCorp lifted their target price on DTE Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Finally, StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.46.

DTE Energy Stock Up 0.4 %

DTE stock opened at $125.14 on Tuesday. The company has a 50 day moving average of $124.63 and a two-hundred day moving average of $119.76. The company has a market cap of $25.92 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 2.30 and a beta of 0.68. DTE Energy has a 12-month low of $102.17 and a 12-month high of $131.66. 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 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.