Larson Financial Group LLC Acquires 788 Shares of DTE Energy (NYSE:DTE)

Larson Financial Group LLC increased its position in shares of DTE Energy (NYSE:DTE) by 6.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,972 shares of the utilities provider’s stock after acquiring an additional 788 shares during the period. Larson Financial Group LLC’s holdings in DTE Energy were worth $1,666,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Kingsview Wealth Management LLC bought a new stake in DTE Energy during the 3rd quarter worth $657,000. Raymond James Trust N.A. lifted its holdings in DTE Energy by 4.6% during the 3rd quarter. Raymond James Trust N.A. now owns 7,166 shares of the utilities provider’s stock worth $920,000 after buying an additional 314 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in DTE Energy by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,274,837 shares of the utilities provider’s stock worth $163,702,000 after buying an additional 14,937 shares during the period. L & S Advisors Inc acquired a new position in DTE Energy during the 3rd quarter worth about $2,330,000. Finally, Advisors Asset Management Inc. lifted its holdings in DTE Energy by 4.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 7,481 shares of the utilities provider’s stock worth $961,000 after buying an additional 298 shares during the period. Institutional investors own 76.06% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Scotiabank lifted their target price on DTE Energy from $120.00 to $137.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. Mizuho lifted their target price on DTE Energy from $121.00 to $133.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Wells Fargo & Company boosted their price objective on DTE Energy from $133.00 to $145.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Finally, BMO Capital Markets boosted their price objective on DTE Energy from $135.00 to $140.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, DTE Energy presently has a consensus rating of “Moderate Buy” and an average target price of $131.46.

DTE Energy Stock Up 0.5 %

Shares of NYSE:DTE opened at $124.60 on Monday. The business’s 50 day moving average is $124.66 and its 200 day moving average is $119.70. DTE Energy has a 12-month low of $102.17 and a 12-month high of $131.66. The stock has a market cap of $25.80 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 2.29 and a beta of 0.68. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 1.76.

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.