Brooklyn Investment Group Acquires New Position in DTE Energy (NYSE:DTE)

Brooklyn Investment Group bought a new position in DTE Energy (NYSE:DTE) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 647 shares of the utilities provider’s stock, valued at approximately $83,000.

Other institutional investors also recently bought and sold shares of the company. Mizuho Securities USA LLC increased its position in DTE Energy by 44,009.5% during the third quarter. Mizuho Securities USA LLC now owns 7,039,000 shares of the utilities provider’s stock worth $903,878,000 after purchasing an additional 7,023,042 shares during the last quarter. Millennium Management LLC grew its stake in shares of DTE Energy by 42.4% during the 2nd quarter. Millennium Management LLC now owns 543,299 shares of the utilities provider’s stock valued at $60,312,000 after buying an additional 161,776 shares during the period. Panagora Asset Management Inc. increased its holdings in shares of DTE Energy by 133.2% during the 2nd quarter. Panagora Asset Management Inc. now owns 248,151 shares of the utilities provider’s stock worth $27,547,000 after buying an additional 141,718 shares during the last quarter. Beck Bode LLC purchased a new position in shares of DTE Energy in the 2nd quarter worth $13,355,000. Finally, Ameriprise Financial Inc. boosted its holdings in DTE Energy by 1.6% in the second quarter. Ameriprise Financial Inc. now owns 5,557,309 shares of the utilities provider’s stock valued at $616,938,000 after acquiring an additional 86,205 shares during the last quarter. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DTE has been the subject of several research analyst reports. BMO Capital Markets upped their price target on DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. Wells Fargo & Company increased their target price on shares of DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. LADENBURG THALM/SH SH started coverage on shares of DTE Energy in a research report on Wednesday, August 14th. They set a “buy” rating and a $131.00 price target on the stock. Bank of America boosted their price objective on shares of DTE Energy from $131.00 to $136.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Finally, StockNews.com raised shares of DTE Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.46.

DTE Energy Stock Performance

NYSE:DTE opened at $126.08 on Friday. The firm has a 50-day moving average of $124.71 and a two-hundred day moving average of $119.92. 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 cap of $26.11 billion, a P/E ratio of 17.08, a PEG ratio of 2.31 and a beta of 0.68. DTE Energy has a 1-year low of $102.17 and a 1-year 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.