DTE Energy (NYSE:DTE) Shares Sold by ASB Consultores LLC

ASB Consultores LLC lowered its holdings in DTE Energy (NYSE:DTE) by 19.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,752 shares of the utilities provider’s stock after selling 427 shares during the quarter. ASB Consultores LLC’s holdings in DTE Energy were worth $225,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. ESL Trust Services LLC acquired a new stake in DTE Energy in the first quarter valued at $27,000. Ridgewood Investments LLC acquired a new stake in DTE Energy in the second quarter valued at $31,000. Fairscale Capital LLC purchased a new position in shares of DTE Energy in the second quarter valued at $54,000. Chilton Capital Management LLC purchased a new position in shares of DTE Energy in the second quarter valued at $56,000. Finally, Crewe Advisors LLC purchased a new position in shares of DTE Energy in the first quarter valued at $57,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on DTE shares. Jefferies Financial Group started coverage on DTE Energy in a research report on Monday, October 21st. They issued a “hold” rating and a $137.00 price target for the company. Bank of America raised their price target on DTE Energy from $131.00 to $136.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Morgan Stanley raised their price target on DTE Energy from $121.00 to $128.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. LADENBURG THALM/SH SH started coverage on DTE Energy in a research report on Wednesday, August 14th. They issued a “buy” rating and a $131.00 price target for the company. Finally, StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $131.46.

DTE Energy Stock Up 1.5 %

DTE opened at $123.43 on Wednesday. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.83 and a quick ratio of 0.62. The stock has a market capitalization of $25.56 billion, a price-to-earnings ratio of 16.72, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68. The business has a 50-day moving average of $125.77 and a two-hundred day moving average of $118.88. DTE Energy has a 12 month low of $97.31 and a 12 month high of $131.66.

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.