Assetmark Inc. Purchases 301 Shares of DTE Energy (NYSE:DTE)

Assetmark Inc. raised its position in DTE Energy (NYSE:DTE) by 10.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,154 shares of the utilities provider’s stock after buying an additional 301 shares during the period. Assetmark Inc.’s holdings in DTE Energy were worth $405,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Janus Henderson Group PLC increased its position in shares of DTE Energy by 6,964.9% during the first quarter. Janus Henderson Group PLC now owns 2,090,350 shares of the utilities provider’s stock valued at $234,410,000 after acquiring an additional 2,060,762 shares during the last quarter. Clearbridge Investments LLC raised its stake in shares of DTE Energy by 224.7% during the 1st quarter. Clearbridge Investments LLC now owns 2,538,106 shares of the utilities provider’s stock worth $284,623,000 after purchasing an additional 1,756,459 shares during the period. Capital Research Global Investors boosted its holdings in shares of DTE Energy by 1.2% in the 1st quarter. Capital Research Global Investors now owns 21,194,653 shares of the utilities provider’s stock worth $2,376,768,000 after buying an additional 261,623 shares during the last quarter. Millennium Management LLC grew its position in DTE Energy by 42.4% during the second quarter. Millennium Management LLC now owns 543,299 shares of the utilities provider’s stock valued at $60,312,000 after buying an additional 161,776 shares during the period. Finally, Panagora Asset Management Inc. increased its holdings 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 worth $27,547,000 after buying an additional 141,718 shares during the last quarter. Institutional investors own 76.06% of the company’s stock.

DTE Energy Stock Up 0.6 %

DTE stock opened at $120.09 on Friday. The stock has a 50-day simple moving average of $124.90 and a two-hundred day simple moving average of $119.25. DTE Energy has a twelve month low of $101.44 and a twelve month high of $131.66. The firm has a market capitalization of $24.87 billion, a PE ratio of 16.27, a PEG 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.

Analyst Upgrades and Downgrades

DTE has been the topic of a number of research analyst reports. Barclays boosted their target price on shares of DTE Energy from $128.00 to $137.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. BMO Capital Markets upped their price objective 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. Mizuho raised their target price on DTE Energy from $121.00 to $133.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Jefferies Financial Group assumed coverage on DTE Energy in a research note on Monday, October 21st. They issued a “hold” rating and a $137.00 target price on the stock. Finally, StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th. Six equities 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 presently has a consensus rating of “Moderate Buy” and an average price target of $131.46.

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.