Oppenheimer Asset Management Inc. Has $738,000 Position in DTE Energy (NYSE:DTE)

Oppenheimer Asset Management Inc. boosted its position in DTE Energy (NYSE:DTE) by 4.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,747 shares of the utilities provider’s stock after buying an additional 262 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in DTE Energy were worth $738,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. UniSuper Management Pty Ltd grew its stake in shares of DTE Energy by 407.3% during the 1st quarter. UniSuper Management Pty Ltd now owns 10,715 shares of the utilities provider’s stock worth $1,202,000 after acquiring an additional 8,603 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in DTE Energy by 9.9% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 124,264 shares of the utilities provider’s stock worth $13,934,000 after buying an additional 11,218 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of DTE Energy by 12.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 381,985 shares of the utilities provider’s stock worth $42,836,000 after buying an additional 42,635 shares during the last quarter. Cetera Advisors LLC bought a new position in shares of DTE Energy in the 1st quarter valued at about $708,000. Finally, Cetera Investment Advisers increased its position in shares of DTE Energy by 242.0% during the 1st quarter. Cetera Investment Advisers now owns 29,306 shares of the utilities provider’s stock worth $3,286,000 after purchasing an additional 20,737 shares during the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

Wall Street Analyst Weigh In

DTE has been the subject of a number of analyst reports. BMO Capital Markets lifted their price objective on shares of DTE Energy from $135.00 to $140.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Jefferies Financial Group assumed coverage on DTE Energy in a research note on Monday, October 21st. They issued a “hold” rating and a $137.00 price objective on the stock. Morgan Stanley lifted their target price on DTE Energy from $121.00 to $128.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Bank of America boosted their target price on DTE Energy from $131.00 to $136.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Finally, LADENBURG THALM/SH SH initiated coverage on DTE Energy in a report on Wednesday, August 14th. They set a “buy” rating and a $131.00 price target for the company. Six investment 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 an average rating of “Moderate Buy” and a consensus target price of $131.46.

DTE Energy Stock Up 0.3 %

Shares of DTE opened at $120.50 on Tuesday. 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 market capitalization of $24.96 billion, a PE ratio of 16.33, a P/E/G ratio of 2.22 and a beta of 0.68. The firm’s 50 day moving average is $124.82 and its 200-day moving average is $119.43. DTE Energy has a 12 month low of $101.44 and a 12 month high of $131.66.

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.