Meeder Advisory Services Inc. Raises Stock Holdings in DTE Energy (NYSE:DTE)

Meeder Advisory Services Inc. lifted its holdings in shares of DTE Energy (NYSE:DTE) by 4.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,581 shares of the utilities provider’s stock after acquiring an additional 215 shares during the period. Meeder Advisory Services Inc.’s holdings in DTE Energy were worth $717,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Quest Partners LLC boosted its stake in DTE Energy by 21,380.0% during the 3rd quarter. Quest Partners LLC now owns 1,074 shares of the utilities provider’s stock worth $138,000 after purchasing an additional 1,069 shares during the period. Swiss National Bank raised its holdings in shares of DTE Energy by 0.3% in the third quarter. Swiss National Bank now owns 614,200 shares of the utilities provider’s stock valued at $78,869,000 after buying an additional 1,600 shares during the last quarter. Atlanta Consulting Group Advisors LLC purchased a new position in shares of DTE Energy during the third quarter worth about $248,000. Natixis Advisors LLC increased its position in DTE Energy by 2.2% in the 3rd quarter. Natixis Advisors LLC now owns 99,022 shares of the utilities provider’s stock valued at $12,715,000 after acquiring an additional 2,170 shares during the period. Finally, Mizuho Securities USA LLC raised its stake in DTE Energy by 44,009.5% during the 3rd quarter. Mizuho Securities USA LLC now owns 7,039,000 shares of the utilities provider’s stock valued at $903,878,000 after acquiring an additional 7,023,042 shares during the last quarter. 76.06% of the stock is owned by institutional investors and hedge funds.

DTE Energy Stock Performance

DTE opened at $121.68 on Wednesday. DTE Energy has a 1-year low of $101.44 and a 1-year high of $131.66. The stock has a market cap of $25.20 billion, a P/E ratio of 16.49, a P/E/G ratio of 2.22 and a beta of 0.68. The stock’s 50 day simple moving average is $124.74 and its 200 day simple moving average is $119.49. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.83 and a quick ratio of 0.62.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DTE. KeyCorp lifted their target price on DTE Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Barclays lifted their price objective on shares of DTE Energy from $128.00 to $137.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. StockNews.com upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th. LADENBURG THALM/SH SH began coverage on shares of DTE Energy in a report on Wednesday, August 14th. They issued a “buy” rating and a $131.00 target price on the stock. Finally, Scotiabank boosted their price target on shares of DTE Energy from $120.00 to $137.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.