Coastline Trust Co Takes Position in DTE Energy (NYSE:DTE)

Coastline Trust Co bought a new position in shares of DTE Energy (NYSE:DTE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 300 shares of the utilities provider’s stock, valued at approximately $39,000.

Several other institutional investors have also recently made changes to their positions in the business. Ashton Thomas Securities LLC acquired a new position in DTE Energy in the third quarter valued at approximately $35,000. Ridgewood Investments LLC acquired a new position in shares of DTE Energy in the 2nd quarter valued at $31,000. Fairscale Capital LLC purchased a new stake in DTE Energy during the second quarter worth $54,000. Carmichael Hill & Associates Inc. grew its position in DTE Energy by 47.5% during the third quarter. Carmichael Hill & Associates Inc. now owns 497 shares of the utilities provider’s stock valued at $64,000 after buying an additional 160 shares during the period. Finally, Chilton Capital Management LLC purchased a new position in DTE Energy in the second quarter valued at $56,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.

Analyst Ratings Changes

DTE has been the topic of several recent analyst reports. LADENBURG THALM/SH SH began coverage on shares of DTE Energy in a research note on Wednesday, August 14th. They set a “buy” rating and a $131.00 target price on the stock. Morgan Stanley raised their price objective on DTE Energy from $121.00 to $128.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th. Barclays increased their target price on DTE Energy from $128.00 to $137.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Finally, Wells Fargo & Company boosted their price target on shares of DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $131.46.

DTE Energy Stock Up 0.6 %

DTE stock opened at $120.09 on Monday. The company has a market cap of $24.87 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 2.22 and a beta of 0.68. The firm has a 50-day moving average of $124.90 and a two-hundred day moving average of $119.37. DTE Energy has a 12 month low of $101.44 and a 12 month high of $131.66. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76.

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.