International Private Wealth Advisors LLC Sells 132 Shares of DTE Energy (NYSE:DTE)

International Private Wealth Advisors LLC lowered its holdings in DTE Energy (NYSE:DTE) by 5.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,268 shares of the utilities provider’s stock after selling 132 shares during the quarter. International Private Wealth Advisors LLC’s holdings in DTE Energy were worth $291,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Metis Global Partners LLC lifted its holdings in DTE Energy by 1.9% in the 3rd quarter. Metis Global Partners LLC now owns 6,633 shares of the utilities provider’s stock worth $852,000 after buying an additional 126 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in DTE Energy by 4.8% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 5,747 shares of the utilities provider’s stock worth $738,000 after buying an additional 262 shares during the period. Harbour Investments Inc. lifted its holdings in DTE Energy by 65.3% in the 3rd quarter. Harbour Investments Inc. now owns 3,835 shares of the utilities provider’s stock worth $492,000 after buying an additional 1,515 shares during the period. Entropy Technologies LP lifted its holdings in DTE Energy by 10.9% in the 3rd quarter. Entropy Technologies LP now owns 45,182 shares of the utilities provider’s stock worth $5,802,000 after buying an additional 4,441 shares during the period. Finally, Versor Investments LP lifted its holdings in DTE Energy by 87.0% in the 3rd quarter. Versor Investments LP now owns 24,195 shares of the utilities provider’s stock worth $3,107,000 after buying an additional 11,257 shares during the period. Hedge funds and other institutional investors own 76.06% of the company’s stock.

Analyst Ratings Changes

DTE has been the subject of several research analyst reports. StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. Mizuho raised their target price on DTE Energy from $121.00 to $133.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. BMO Capital Markets raised their target price on DTE Energy from $135.00 to $140.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. Jefferies Financial Group started coverage on DTE Energy in a research note on Monday, October 21st. They issued a “hold” rating and a $137.00 target price for the company. Finally, Bank of America raised their target price on DTE Energy from $131.00 to $136.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $131.46.

DTE Energy Stock Up 0.9 %

NYSE:DTE traded up $1.06 during trading hours on Thursday, reaching $119.68. 117,803 shares of the company traded hands, compared to its average volume of 1,094,393. The business’s 50-day moving average price is $125.05 and its two-hundred day moving average price is $119.18. The stock has a market capitalization of $24.79 billion, a P/E ratio of 16.07, a P/E/G ratio of 2.17 and a beta of 0.68. DTE Energy has a 1 year low of $101.25 and a 1 year 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.