Atria Investments Inc Raises Stock Holdings in DTE Energy (NYSE:DTE)

Atria Investments Inc raised its position in shares of DTE Energy (NYSE:DTE) by 23.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,060 shares of the utilities provider’s stock after acquiring an additional 2,137 shares during the quarter. Atria Investments Inc’s holdings in DTE Energy were worth $1,420,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in DTE. ESL Trust Services LLC acquired a new position in shares of DTE Energy during the first quarter valued at approximately $27,000. Ridgewood Investments LLC acquired a new position in shares of DTE Energy during the second quarter valued at approximately $31,000. Fairscale Capital LLC acquired a new position in shares of DTE Energy during the second quarter valued at approximately $54,000. Chilton Capital Management LLC acquired a new position in shares of DTE Energy during the second quarter valued at approximately $56,000. Finally, Crewe Advisors LLC acquired a new position in shares of DTE Energy during the first quarter valued at approximately $57,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

Analysts Set New Price Targets

DTE has been the subject of several recent research reports. Bank of America increased their price target on DTE Energy from $131.00 to $136.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Barclays increased their price target on DTE Energy from $128.00 to $137.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Mizuho increased their price target on DTE Energy from $121.00 to $133.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Jefferies Financial Group initiated 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. Finally, BMO Capital Markets increased 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. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, DTE Energy currently has a consensus rating of “Moderate Buy” and an average price target of $131.46.

DTE Energy Trading Up 0.6 %

DTE opened at $120.09 on Friday. DTE Energy has a 52 week low of $101.44 and a 52 week high of $131.66. The business has a fifty day simple moving average of $124.96 and a 200-day simple moving average of $119.18. The firm has a market cap of $24.87 billion, a P/E ratio of 16.28, a P/E/G ratio of 2.19 and a beta of 0.68. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 1.76.

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.