Brown Brothers Harriman & Co. Has $289,000 Stake in DTE Energy (NYSE:DTE)

Brown Brothers Harriman & Co. increased its stake in shares of DTE Energy (NYSE:DTE) by 7.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,247 shares of the utilities provider’s stock after purchasing an additional 155 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in DTE Energy were worth $289,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of DTE. Lazard Asset Management LLC grew its stake in shares of DTE Energy by 37,250.0% during the first quarter. Lazard Asset Management LLC now owns 2,988 shares of the utilities provider’s stock valued at $334,000 after purchasing an additional 2,980 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of DTE Energy by 1.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 293,958 shares of the utilities provider’s stock valued at $32,966,000 after purchasing an additional 3,672 shares during the last quarter. Tidal Investments LLC grew its stake in shares of DTE Energy by 9.2% during the first quarter. Tidal Investments LLC now owns 4,807 shares of the utilities provider’s stock valued at $539,000 after purchasing an additional 405 shares during the last quarter. Comerica Bank grew its stake in shares of DTE Energy by 6.2% during the first quarter. Comerica Bank now owns 68,388 shares of the utilities provider’s stock valued at $7,669,000 after purchasing an additional 3,963 shares during the last quarter. Finally, iA Global Asset Management Inc. bought a new stake in shares of DTE Energy during the first quarter valued at approximately $869,000. 76.06% of the stock is owned by institutional investors.

DTE Energy Trading Up 0.5 %

Shares of NYSE:DTE opened at $126.08 on Thursday. 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 has a 12 month low of $102.17 and a 12 month high of $131.66. The company’s fifty day simple moving average is $124.66 and its 200 day simple moving average is $119.88. The firm has a market cap of $26.11 billion, a price-to-earnings ratio of 17.08, a PEG ratio of 2.31 and a beta of 0.68.

Analysts Set New Price Targets

A number of equities analysts have issued reports on DTE shares. Bank of America raised their price objective on shares of DTE Energy from $131.00 to $136.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. KeyCorp raised their price objective on shares of DTE Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Scotiabank raised their price objective on shares of DTE Energy from $120.00 to $137.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Barclays raised their price objective 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. Finally, LADENBURG THALM/SH SH started coverage on shares of DTE Energy in a research note on Wednesday, August 14th. They issued a “buy” rating and a $131.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, DTE Energy currently 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.