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

Oppenheimer Asset Management Inc. grew its position in DTE Energy (NYSE:DTEFree Report) by 4.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 5,747 shares of the utilities provider’s stock after purchasing an additional 262 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in DTE Energy were worth $738,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in DTE. Ridgewood Investments LLC acquired a new position in DTE Energy during the second quarter valued at approximately $31,000. Ashton Thomas Securities LLC acquired a new position in shares of DTE Energy during the 3rd quarter worth $35,000. Fairscale Capital LLC acquired a new position in shares of DTE Energy during the 2nd quarter worth $54,000. Chilton Capital Management LLC bought a new stake in shares of DTE Energy during the 2nd quarter worth $56,000. Finally, Crewe Advisors LLC acquired a new stake in DTE Energy in the first quarter valued at about $57,000. Institutional investors own 76.06% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on DTE shares. Wells Fargo & Company boosted their target price on DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Mizuho increased their price objective on shares of DTE Energy from $121.00 to $133.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Barclays increased their target price on DTE Energy from $128.00 to $137.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th. Finally, LADENBURG THALM/SH SH initiated coverage on shares of DTE Energy in a research report on Wednesday, August 14th. They set a “buy” rating and a $131.00 target price on the stock. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $131.46.

View Our Latest Research Report on DTE Energy

DTE Energy Trading Up 0.3 %

DTE opened at $120.50 on Tuesday. The company has a fifty day moving average price of $124.82 and a two-hundred day moving average price of $119.43. DTE Energy has a 1-year low of $101.44 and a 1-year high of $131.66. The company has a market cap of $24.96 billion, a P/E ratio of 16.33, a price-to-earnings-growth ratio of 2.22 and a beta of 0.68. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76.

DTE Energy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for DTE Energy (NYSE:DTE)

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