Patton Albertson Miller Group LLC Trims Stock Position in DTE Energy (NYSE:DTE)

Patton Albertson Miller Group LLC lessened its holdings in shares of DTE Energy (NYSE:DTE) by 7.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,625 shares of the utilities provider’s stock after selling 3,389 shares during the period. Patton Albertson Miller Group LLC’s holdings in DTE Energy were worth $5,602,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of DTE. Ridgewood Investments LLC bought a new stake in shares of DTE Energy during the 2nd quarter valued at $31,000. Ashton Thomas Securities LLC bought a new stake in shares of DTE Energy during the 3rd quarter valued at $35,000. Prospera Private Wealth LLC bought a new stake in shares of DTE Energy during the 3rd quarter valued at $35,000. Coastline Trust Co bought a new stake in shares of DTE Energy during the 3rd quarter valued at $39,000. Finally, Fairscale Capital LLC bought a new stake in shares of DTE Energy during the 2nd quarter valued at $54,000. Institutional investors own 76.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Mizuho upped their price target on shares of DTE Energy from $121.00 to $133.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Bank of America upped their price target 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. Barclays upped their price target 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. Wells Fargo & Company upped their price target on shares of DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Finally, BMO Capital Markets upped their price target on shares of DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.46.

DTE Energy Price Performance

NYSE DTE opened at $125.14 on Tuesday. DTE Energy has a 52 week low of $102.17 and a 52 week high of $131.66. The firm has a market capitalization of $25.92 billion, a P/E ratio of 16.96, a PEG ratio of 2.30 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. The company has a 50-day moving average price of $124.63 and a 200-day moving average price of $119.76.

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.