Arvest Investments Inc. Sells 1,546 Shares of DTE Energy (NYSE:DTE)

Arvest Investments Inc. cut its position in DTE Energy (NYSE:DTE) by 7.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 18,576 shares of the utilities provider’s stock after selling 1,546 shares during the quarter. Arvest Investments Inc.’s holdings in DTE Energy were worth $2,385,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Legacy Capital Wealth Partners LLC bought a new position in shares of DTE Energy in the third quarter worth about $209,000. Mesirow Financial Investment Management Inc. raised its stake in DTE Energy by 39.2% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 5,166 shares of the utilities provider’s stock worth $663,000 after buying an additional 1,454 shares during the period. Atria Investments Inc increased its holdings in shares of DTE Energy by 23.9% in the third quarter. Atria Investments Inc now owns 11,060 shares of the utilities provider’s stock worth $1,420,000 after acquiring an additional 2,137 shares in the last quarter. Assetmark Inc. increased its holdings in shares of DTE Energy by 10.6% in the third quarter. Assetmark Inc. now owns 3,154 shares of the utilities provider’s stock worth $405,000 after acquiring an additional 301 shares in the last quarter. Finally, Applied Finance Capital Management LLC raised its position in shares of DTE Energy by 1.7% during the third quarter. Applied Finance Capital Management LLC now owns 172,442 shares of the utilities provider’s stock worth $22,143,000 after purchasing an additional 2,872 shares during the period. 76.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DTE has been the subject of several research analyst reports. Jefferies Financial Group assumed coverage on DTE Energy in a research report on Monday, October 21st. They issued a “hold” rating and a $137.00 price objective for the company. Wells Fargo & Company upped their price target on shares of DTE Energy from $133.00 to $145.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Morgan Stanley raised their price objective 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. KeyCorp upped their target price on shares of DTE Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Finally, BMO Capital Markets increased their target price on DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $131.46.

DTE Energy Trading Up 0.6 %

DTE Energy stock traded up $0.76 during trading hours on Friday, hitting $117.80. The stock had a trading volume of 3,021,522 shares, compared to its average volume of 1,043,433. The business’s 50 day simple moving average is $125.42 and its 200-day simple moving average is $119.00. 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 one year low of $97.43 and a one year high of $131.66. The stock has a market cap of $24.40 billion, a price-to-earnings ratio of 15.96, a P/E/G ratio of 2.20 and a beta of 0.68.

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.