DTE Energy (NYSE:DTE) Shares Bought by Howe & Rusling Inc.

Howe & Rusling Inc. grew its stake in DTE Energy (NYSE:DTE) by 0.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 111,427 shares of the utilities provider’s stock after buying an additional 1,045 shares during the quarter. DTE Energy accounts for approximately 1.2% of Howe & Rusling Inc.’s portfolio, making the stock its 22nd biggest position. Howe & Rusling Inc. owned approximately 0.05% of DTE Energy worth $14,308,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC increased its stake in DTE Energy by 2.3% in the third quarter. Farther Finance Advisors LLC now owns 3,588 shares of the utilities provider’s stock valued at $461,000 after purchasing an additional 81 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of DTE Energy by 3.1% in the 3rd quarter. Signaturefd LLC now owns 2,889 shares of the utilities provider’s stock valued at $371,000 after buying an additional 86 shares during the period. Aptus Capital Advisors LLC grew its stake in shares of DTE Energy by 3.7% during the 2nd quarter. Aptus Capital Advisors LLC now owns 2,632 shares of the utilities provider’s stock worth $292,000 after purchasing an additional 94 shares during the period. ASB Consultores LLC increased its holdings in DTE Energy by 4.9% in the second quarter. ASB Consultores LLC now owns 2,179 shares of the utilities provider’s stock valued at $242,000 after buying an additional 101 shares in the last quarter. Finally, S.A. Mason LLC raised its holdings in DTE Energy by 10.5% during the second quarter. S.A. Mason LLC now owns 1,120 shares of the utilities provider’s stock worth $124,000 after purchasing an additional 106 shares during the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DTE has been the topic of several research reports. KeyCorp increased their price target on shares of DTE Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Barclays upped their target price on DTE Energy from $128.00 to $137.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. 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. Morgan Stanley increased their target price on shares of DTE Energy from $121.00 to $128.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Finally, Bank of America lifted 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. Six 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 has an average rating of “Moderate Buy” and an average price target of $131.46.

DTE Energy Stock Up 1.0 %

NYSE:DTE opened at $121.68 on Wednesday. DTE Energy has a 1-year low of $101.44 and a 1-year high of $131.66. The firm has a market capitalization of $25.20 billion, a price-to-earnings ratio of 16.49, a PEG ratio of 2.22 and a beta of 0.68. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76. The business’s fifty day moving average price is $124.74 and its 200 day moving average price is $119.49.

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.