Harbour Investments Inc. Boosts Holdings in DTE Energy (NYSE:DTE)

Harbour Investments Inc. lifted its stake in DTE Energy (NYSE:DTE) by 65.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 3,835 shares of the utilities provider’s stock after buying an additional 1,515 shares during the quarter. Harbour Investments Inc.’s holdings in DTE Energy were worth $492,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Capital Research Global Investors lifted its position in shares of DTE Energy by 1.2% in the 1st quarter. Capital Research Global Investors now owns 21,194,653 shares of the utilities provider’s stock worth $2,376,768,000 after purchasing an additional 261,623 shares during the period. Ameriprise Financial Inc. lifted its position in shares of DTE Energy by 1.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,557,309 shares of the utilities provider’s stock worth $616,938,000 after purchasing an additional 86,205 shares during the period. Clearbridge Investments LLC lifted its position in shares of DTE Energy by 224.7% in the 1st quarter. Clearbridge Investments LLC now owns 2,538,106 shares of the utilities provider’s stock worth $284,623,000 after purchasing an additional 1,756,459 shares during the period. Janus Henderson Group PLC lifted its position in shares of DTE Energy by 6,964.9% in the 1st quarter. Janus Henderson Group PLC now owns 2,090,350 shares of the utilities provider’s stock worth $234,410,000 after purchasing an additional 2,060,762 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of DTE Energy by 3.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,667,111 shares of the utilities provider’s stock worth $185,066,000 after purchasing an additional 59,811 shares during the period. 76.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DTE has been the subject of several research reports. BMO Capital Markets increased their price target on shares of DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. LADENBURG THALM/SH SH initiated coverage on shares of DTE Energy in a research note on Wednesday, August 14th. They issued a “buy” rating and a $131.00 price target for the company. Scotiabank increased their price target on shares of DTE Energy from $120.00 to $137.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. StockNews.com upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th. Finally, KeyCorp increased their price target on shares of DTE Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $131.46.

DTE Energy Stock Performance

Shares of DTE stock opened at $120.09 on Friday. The company has a 50 day moving average price of $124.90 and a 200-day moving average price of $119.25. DTE Energy has a 52 week low of $101.44 and a 52 week high of $131.66. The firm has a market capitalization of $24.87 billion, a PE ratio of 16.27, a P/E/G ratio of 2.19 and a beta of 0.68. 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 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.