DTE Energy (NYSE:DTE) Shares Purchased by Empowered Funds LLC

Empowered Funds LLC boosted its holdings in shares of DTE Energy (NYSE:DTE) by 9.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,028 shares of the utilities provider’s stock after buying an additional 258 shares during the quarter. Empowered Funds LLC’s holdings in DTE Energy were worth $389,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new position in shares of DTE Energy during the 3rd quarter valued at about $35,000. Ridgewood Investments LLC acquired a new stake in DTE Energy during the second quarter worth about $31,000. Fairscale Capital LLC purchased a new position in DTE Energy during the second quarter valued at approximately $54,000. Carmichael Hill & Associates Inc. lifted its holdings in DTE Energy by 47.5% in the third quarter. Carmichael Hill & Associates Inc. now owns 497 shares of the utilities provider’s stock valued at $64,000 after acquiring an additional 160 shares during the period. Finally, Chilton Capital Management LLC acquired a new position in DTE Energy in the second quarter valued at approximately $56,000. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on DTE. KeyCorp lifted their price target on shares of DTE Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group started coverage on DTE Energy in a report on Monday, October 21st. They issued a “hold” rating and a $137.00 price target for the company. Morgan Stanley reduced their target price on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday. BMO Capital Markets upped their price target on DTE Energy from $135.00 to $140.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. Finally, Barclays upped their price objective on shares of DTE Energy from $128.00 to $137.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, DTE Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.46.

DTE Energy Stock Performance

Shares of NYSE DTE opened at $125.14 on Tuesday. DTE Energy has a 12-month low of $102.17 and a 12-month high of $131.66. 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 company has a market cap of $25.92 billion, a PE ratio of 16.96, a P/E/G ratio of 2.30 and a beta of 0.68. The stock has a 50 day simple moving average of $124.63 and a 200-day simple moving average of $119.76.

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.