Empirical Finance LLC Raises Stock Position in DTE Energy (NYSE:DTE)

Empirical Finance LLC raised its holdings in shares of DTE Energy (NYSE:DTE) by 2.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,981 shares of the utilities provider’s stock after acquiring an additional 158 shares during the quarter. Empirical Finance LLC’s holdings in DTE Energy were worth $896,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. UniSuper Management Pty Ltd lifted its holdings in DTE Energy by 407.3% in the 1st quarter. UniSuper Management Pty Ltd now owns 10,715 shares of the utilities provider’s stock worth $1,202,000 after purchasing an additional 8,603 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of DTE Energy by 9.9% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 124,264 shares of the utilities provider’s stock worth $13,934,000 after acquiring an additional 11,218 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in DTE Energy by 12.6% during the first quarter. Canada Pension Plan Investment Board now owns 381,985 shares of the utilities provider’s stock valued at $42,836,000 after acquiring an additional 42,635 shares in the last quarter. Cetera Advisors LLC bought a new stake in DTE Energy in the 1st quarter valued at $708,000. Finally, Cetera Investment Advisers lifted its stake in DTE Energy by 242.0% in the 1st quarter. Cetera Investment Advisers now owns 29,306 shares of the utilities provider’s stock worth $3,286,000 after purchasing an additional 20,737 shares in the last quarter. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

DTE Energy Stock Up 0.6 %

Shares of DTE opened at $120.09 on Friday. The firm has a fifty day moving average price of $124.90 and a 200-day moving average price of $119.31. 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 firm has a market capitalization of $24.87 billion, a P/E ratio of 16.27, a P/E/G ratio of 2.19 and a beta of 0.68. DTE Energy has a 12-month low of $101.44 and a 12-month high of $131.66.

Wall Street Analyst Weigh In

DTE has been the subject of a number of research analyst reports. Scotiabank raised their price objective on DTE Energy from $120.00 to $137.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Morgan Stanley raised their price target on DTE Energy from $121.00 to $128.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. LADENBURG THALM/SH SH started coverage on DTE Energy in a report on Wednesday, August 14th. They set a “buy” rating and a $131.00 price objective on the stock. Mizuho raised their target price on shares of DTE Energy from $121.00 to $133.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Finally, Jefferies Financial Group began coverage on shares of DTE Energy in a research note on Monday, October 21st. They set a “hold” rating and a $137.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, DTE Energy presently has a consensus rating of “Moderate Buy” and a consensus target price 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.