Pathstone Holdings LLC Acquires 549 Shares of DTE Energy (NYSE:DTE)

Pathstone Holdings LLC increased its holdings in DTE Energy (NYSE:DTE) by 2.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,173 shares of the utilities provider’s stock after purchasing an additional 549 shares during the period. Pathstone Holdings LLC’s holdings in DTE Energy were worth $2,592,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Ashton Thomas Securities LLC bought a new stake in shares of DTE Energy during the 3rd quarter worth about $35,000. Ridgewood Investments LLC bought a new stake in DTE Energy during the second quarter worth approximately $31,000. Coastline Trust Co acquired a new position in DTE Energy during the third quarter valued at approximately $39,000. Fairscale Capital LLC bought a new position in shares of DTE Energy in the second quarter valued at approximately $54,000. Finally, Carmichael Hill & Associates Inc. lifted its stake in shares of DTE Energy by 47.5% in the third quarter. Carmichael Hill & Associates Inc. now owns 497 shares of the utilities provider’s stock worth $64,000 after buying an additional 160 shares during the last quarter. 76.06% of the stock is owned by institutional investors and hedge funds.

DTE Energy Stock Up 0.4 %

Shares of NYSE:DTE opened at $125.14 on Tuesday. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 1.76. The firm has a market cap of $25.92 billion, a P/E ratio of 16.96, a P/E/G ratio of 2.30 and a beta of 0.68. DTE Energy has a 12 month low of $102.17 and a 12 month high of $131.66. The company’s 50-day moving average price is $124.63 and its two-hundred day moving average price is $119.76.

Analyst Ratings Changes

A number of research firms have weighed in on DTE. Jefferies Financial Group started coverage on shares of DTE Energy in a research report on Monday, October 21st. They set a “hold” rating and a $137.00 target price for the company. Scotiabank increased their target price on DTE Energy from $120.00 to $137.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th. KeyCorp raised their price objective 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. Finally, Mizuho upped their target price 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. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, DTE Energy has an average rating of “Moderate Buy” and an average target price 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.