5,117 Shares in DTE Energy (NYSE:DTE) Acquired by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC bought a new stake in shares of DTE Energy (NYSE:DTE) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 5,117 shares of the utilities provider’s stock, valued at approximately $657,000.

Several other institutional investors have also made changes to their positions in the stock. Mizuho Securities USA LLC lifted its position in DTE Energy by 44,009.5% in the 3rd quarter. Mizuho Securities USA LLC now owns 7,039,000 shares of the utilities provider’s stock worth $903,878,000 after buying an additional 7,023,042 shares in the last quarter. Millennium Management LLC raised its holdings in shares of DTE Energy by 42.4% during the second quarter. Millennium Management LLC now owns 543,299 shares of the utilities provider’s stock worth $60,312,000 after acquiring an additional 161,776 shares in the last quarter. Panagora Asset Management Inc. boosted its position in DTE Energy by 133.2% during the second quarter. Panagora Asset Management Inc. now owns 248,151 shares of the utilities provider’s stock valued at $27,547,000 after purchasing an additional 141,718 shares during the last quarter. Beck Bode LLC purchased a new position in DTE Energy in the second quarter valued at about $13,355,000. Finally, Ameriprise Financial Inc. increased its position in 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 last quarter. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. BMO Capital Markets lifted their price target on DTE Energy from $135.00 to $140.00 and gave the company a “market perform” rating in a report on Friday, October 18th. LADENBURG THALM/SH SH assumed coverage on shares of DTE Energy in a research report on Wednesday, August 14th. They issued a “buy” rating and a $131.00 target price for the company. Barclays increased their target price on shares of DTE Energy from $128.00 to $137.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Wells Fargo & Company lifted their target price on shares of DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Finally, KeyCorp lifted their price target on DTE Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $131.46.

DTE Energy Stock Performance

Shares of NYSE:DTE opened at $126.08 on Thursday. 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 has a 1-year low of $102.17 and a 1-year high of $131.66. The stock has a market capitalization of $26.11 billion, a P/E ratio of 17.08, a P/E/G ratio of 2.31 and a beta of 0.68. The business has a 50-day moving average price of $124.66 and a two-hundred day moving average price of $119.88.

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.