DTE Energy (NYSE:DTE) Stock Holdings Lessened by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC reduced its holdings in DTE Energy (NYSE:DTE) by 24.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 2,146 shares of the utilities provider’s stock after selling 694 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in DTE Energy were worth $276,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Harbour Investments Inc. lifted its position in DTE Energy by 65.3% in the 3rd quarter. Harbour Investments Inc. now owns 3,835 shares of the utilities provider’s stock valued at $492,000 after purchasing an additional 1,515 shares during the last quarter. Entropy Technologies LP lifted its position in DTE Energy by 10.9% in the 3rd quarter. Entropy Technologies LP now owns 45,182 shares of the utilities provider’s stock valued at $5,802,000 after purchasing an additional 4,441 shares during the last quarter. Versor Investments LP lifted its position in DTE Energy by 87.0% in the 3rd quarter. Versor Investments LP now owns 24,195 shares of the utilities provider’s stock valued at $3,107,000 after purchasing an additional 11,257 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in DTE Energy in the 3rd quarter valued at about $35,000. Finally, Legacy Capital Wealth Partners LLC bought a new stake in DTE Energy in the 3rd quarter valued at about $209,000. 76.06% of the stock is currently owned by institutional investors.

DTE Energy Stock Performance

DTE stock opened at $120.09 on Monday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.83. The stock has a market cap of $24.87 billion, a P/E ratio of 16.27, a P/E/G ratio of 2.22 and a beta of 0.68. The firm has a 50 day simple moving average of $124.90 and a 200 day simple moving average of $119.37. DTE Energy has a 52 week low of $101.44 and a 52 week high of $131.66.

Analyst Ratings Changes

DTE has been the topic of several recent research reports. Scotiabank lifted their price objective on shares of DTE Energy from $120.00 to $137.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Wells Fargo & Company raised their target price on shares of DTE Energy from $133.00 to $145.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. StockNews.com raised shares of DTE Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th. Jefferies Financial Group began coverage on shares of DTE Energy in a research note on Monday, October 21st. They set a “hold” rating and a $137.00 target price on the stock. Finally, KeyCorp raised their target price on shares of DTE Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, DTE Energy currently has an average rating of “Moderate Buy” and an average target price of $131.46.

About DTE Energy

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.