DTE Energy (NYSE:DTE) Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. lessened its stake in DTE Energy (NYSE:DTE) by 3.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,226 shares of the utilities provider’s stock after selling 1,519 shares during the quarter. Hantz Financial Services Inc.’s holdings in DTE Energy were worth $5,422,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in DTE. Lazard Asset Management LLC boosted its holdings in shares of DTE Energy by 37,250.0% in the 1st 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 lifted its holdings in shares of DTE Energy by 1.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 293,958 shares of the utilities provider’s stock valued at $32,966,000 after acquiring an additional 3,672 shares in the last quarter. Tidal Investments LLC lifted its holdings in shares of DTE Energy by 9.2% during the 1st quarter. Tidal Investments LLC now owns 4,807 shares of the utilities provider’s stock valued at $539,000 after acquiring an additional 405 shares in the last quarter. Comerica Bank lifted its holdings in shares of DTE Energy by 6.2% during the 1st quarter. Comerica Bank now owns 68,388 shares of the utilities provider’s stock valued at $7,669,000 after acquiring an additional 3,963 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of DTE Energy by 242.0% during the 1st quarter. Cetera Investment Advisers now owns 29,306 shares of the utilities provider’s stock valued at $3,286,000 after acquiring an additional 20,737 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on DTE. StockNews.com upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. LADENBURG THALM/SH SH began coverage on shares of DTE Energy in a report on Wednesday, August 14th. They set a “buy” rating and a $131.00 target price on the stock. KeyCorp lifted their target price on shares of DTE Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Scotiabank lifted their target price on shares of DTE Energy from $120.00 to $137.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Finally, Bank of America lifted their price target on shares of DTE Energy from $131.00 to $136.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $131.46.

DTE Energy Price Performance

DTE opened at $125.86 on Friday. The company has a 50-day moving average of $124.73 and a 200-day moving average of $119.99. The company has a market capitalization of $26.07 billion, a P/E ratio of 17.05, a PEG ratio of 2.33 and a beta of 0.68. DTE Energy has a 1-year low of $102.17 and a 1-year high of $131.66. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.83.

DTE Energy 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.