International Private Wealth Advisors LLC Sells 132 Shares of DTE Energy (NYSE:DTE)

International Private Wealth Advisors LLC decreased its holdings in DTE Energy (NYSE:DTE) by 5.5% in the third quarter, Holdings Channel reports. The firm owned 2,268 shares of the utilities provider’s stock after selling 132 shares during the quarter. International Private Wealth Advisors LLC’s holdings in DTE Energy were worth $291,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. Capital Research Global Investors grew its holdings in shares of DTE Energy by 1.2% in the first quarter. Capital Research Global Investors now owns 21,194,653 shares of the utilities provider’s stock worth $2,376,768,000 after acquiring an additional 261,623 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of DTE Energy by 1.6% in the second quarter. Ameriprise Financial Inc. now owns 5,557,309 shares of the utilities provider’s stock worth $616,938,000 after acquiring an additional 86,205 shares during the period. Clearbridge Investments LLC grew its holdings in shares of DTE Energy by 224.7% in the first quarter. Clearbridge Investments LLC now owns 2,538,106 shares of the utilities provider’s stock worth $284,623,000 after acquiring an additional 1,756,459 shares during the period. Janus Henderson Group PLC grew its holdings in shares of DTE Energy by 6,964.9% in the first quarter. Janus Henderson Group PLC now owns 2,090,350 shares of the utilities provider’s stock worth $234,410,000 after acquiring an additional 2,060,762 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of DTE Energy by 3.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,667,111 shares of the utilities provider’s stock worth $185,066,000 after acquiring an additional 59,811 shares during the period. Institutional investors own 76.06% of the company’s stock.

DTE Energy Price Performance

Shares of NYSE:DTE traded up $1.06 during mid-day trading on Thursday, reaching $119.68. The stock had a trading volume of 117,803 shares, compared to its average volume of 1,094,393. 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 company has a market cap of $24.79 billion, a P/E ratio of 16.07, a price-to-earnings-growth ratio of 2.17 and a beta of 0.68. DTE Energy has a 1 year low of $101.25 and a 1 year high of $131.66. The business’s 50 day moving average price is $125.05 and its 200 day moving average price is $119.18.

Analyst Ratings Changes

DTE has been the subject of several research analyst reports. Mizuho lifted their price objective on DTE Energy from $121.00 to $133.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. KeyCorp lifted their target price on DTE Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company lifted their target price on DTE Energy from $133.00 to $145.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Barclays lifted their target price on DTE Energy from $128.00 to $137.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Finally, LADENBURG THALM/SH SH began coverage on DTE Energy in a research report on Wednesday, August 14th. They set a “buy” rating and a $131.00 target price on the stock. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock presently 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.