Atria Investments Inc Grows Stock Position in DTE Energy (NYSE:DTE)

Atria Investments Inc lifted its stake in DTE Energy (NYSE:DTE) by 23.9% in the third quarter, HoldingsChannel reports. The firm owned 11,060 shares of the utilities provider’s stock after acquiring an additional 2,137 shares during the quarter. Atria Investments Inc’s holdings in DTE Energy were worth $1,420,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DTE. Janus Henderson Group PLC boosted its holdings in DTE Energy by 6,964.9% in the first quarter. Janus Henderson Group PLC now owns 2,090,350 shares of the utilities provider’s stock valued at $234,410,000 after purchasing an additional 2,060,762 shares during the period. Clearbridge Investments LLC raised its stake in DTE Energy by 224.7% in the first quarter. Clearbridge Investments LLC now owns 2,538,106 shares of the utilities provider’s stock valued at $284,623,000 after buying an additional 1,756,459 shares in the last quarter. Capital Research Global Investors raised its stake in DTE Energy by 1.2% in the first quarter. Capital Research Global Investors now owns 21,194,653 shares of the utilities provider’s stock valued at $2,376,768,000 after buying an additional 261,623 shares in the last quarter. Millennium Management LLC raised its stake in DTE Energy by 42.4% in the second quarter. Millennium Management LLC now owns 543,299 shares of the utilities provider’s stock valued at $60,312,000 after buying an additional 161,776 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its stake in 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 in the last quarter. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

DTE Energy Stock Performance

Shares of DTE stock opened at $120.09 on Friday. The stock has a market capitalization of $24.87 billion, a PE ratio of 16.28, a price-to-earnings-growth ratio of 2.19 and a beta of 0.68. DTE Energy has a 52-week low of $101.44 and a 52-week high of $131.66. The stock’s 50-day moving average price is $124.96 and its 200 day moving average price is $119.18. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 1.76.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on DTE shares. StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th. Mizuho raised their price target on DTE Energy from $121.00 to $133.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Bank of America raised their price target on DTE Energy from $131.00 to $136.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Jefferies Financial Group initiated coverage on DTE Energy in a research note on Monday, October 21st. They issued a “hold” rating and a $137.00 price target on the stock. Finally, BMO Capital Markets lifted their target price on DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.