DTE Energy (NYSE:DTE) Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. decreased its holdings in shares of DTE Energy (NYSE:DTE) by 3.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 42,226 shares of the utilities provider’s stock after selling 1,519 shares during the period. Hantz Financial Services Inc.’s holdings in DTE Energy were worth $5,422,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Farther Finance Advisors LLC boosted its stake in shares of DTE Energy by 2.3% during the third quarter. Farther Finance Advisors LLC now owns 3,588 shares of the utilities provider’s stock worth $461,000 after buying an additional 81 shares during the period. Signaturefd LLC lifted its position in DTE Energy by 3.1% in the third quarter. Signaturefd LLC now owns 2,889 shares of the utilities provider’s stock valued at $371,000 after purchasing an additional 86 shares during the period. Aptus Capital Advisors LLC lifted its position 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 purchasing an additional 94 shares during the period. ASB Consultores LLC lifted 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 valued at $242,000 after purchasing an additional 101 shares during the period. Finally, S.A. Mason LLC lifted its position in DTE Energy by 10.5% in the second 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. Institutional investors and hedge funds own 76.06% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on DTE. StockNews.com upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th. Morgan Stanley reduced their price objective on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. Wells Fargo & Company raised their price objective on shares of DTE Energy from $133.00 to $145.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. BMO Capital Markets increased their target price on shares of DTE Energy from $135.00 to $140.00 and gave the company a “market perform” rating in a report on Friday, October 18th. Finally, Bank of America increased their target price on shares of DTE Energy from $131.00 to $136.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $131.46.

DTE Energy Trading Down 0.2 %

Shares of DTE opened at $125.86 on Friday. 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 firm has a 50 day simple moving average of $124.73 and a 200-day simple moving average of $119.99. DTE Energy has a 1-year low of $102.17 and a 1-year high of $131.66. The stock has a market cap of $26.07 billion, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 2.33 and a beta of 0.68.

DTE Energy 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.