Blueshift Asset Management LLC Invests $583,000 in DTE Energy (NYSE:DTE)

Blueshift Asset Management LLC acquired a new stake in shares of DTE Energy (NYSE:DTE) during the third quarter, HoldingsChannel reports. The fund acquired 4,544 shares of the utilities provider’s stock, valued at approximately $583,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DTE. Farther Finance Advisors LLC lifted its holdings in shares of DTE Energy by 2.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,588 shares of the utilities provider’s stock valued at $461,000 after buying an additional 81 shares during the period. Signaturefd LLC increased its position in DTE Energy by 3.1% during the third quarter. Signaturefd LLC now owns 2,889 shares of the utilities provider’s stock valued at $371,000 after acquiring an additional 86 shares during the last quarter. Aptus Capital Advisors LLC lifted its holdings in DTE Energy by 3.7% in the second quarter. Aptus Capital Advisors LLC now owns 2,632 shares of the utilities provider’s stock valued at $292,000 after acquiring an additional 94 shares during the period. ASB Consultores LLC boosted its position in DTE Energy by 4.9% in the second quarter. ASB Consultores LLC now owns 2,179 shares of the utilities provider’s stock worth $242,000 after purchasing an additional 101 shares during the last quarter. Finally, S.A. Mason LLC grew its stake in shares of DTE Energy by 10.5% during the 2nd quarter. S.A. Mason LLC now owns 1,120 shares of the utilities provider’s stock valued at $124,000 after purchasing an additional 106 shares during the period. Hedge funds and other institutional investors own 76.06% of the company’s stock.

Analysts Set New Price Targets

DTE has been the topic of several recent research reports. Barclays increased their price objective on shares of DTE Energy from $128.00 to $137.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. StockNews.com upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th. KeyCorp upped their price objective on DTE Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Mizuho lifted their target price on DTE Energy from $121.00 to $133.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Finally, Bank of America upped their price target on DTE Energy from $131.00 to $136.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, DTE Energy has an average rating of “Moderate Buy” and an average price target of $131.46.

DTE Energy Stock Up 0.5 %

NYSE DTE opened at $126.08 on Thursday. DTE Energy has a 12 month low of $102.17 and a 12 month 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. The stock has a market cap of $26.11 billion, a PE ratio of 17.08, a P/E/G ratio of 2.31 and a beta of 0.68. The stock’s 50 day moving average is $124.66 and its 200 day moving average is $119.88.

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.