Independent Advisor Alliance Has $1.08 Million Stock Holdings in DTE Energy (NYSE:DTE)

Independent Advisor Alliance trimmed its stake in shares of DTE Energy (NYSE:DTE) by 17.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,392 shares of the utilities provider’s stock after selling 1,831 shares during the quarter. Independent Advisor Alliance’s holdings in DTE Energy were worth $1,078,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Prospera Private Wealth LLC acquired a new position in DTE Energy in the 3rd quarter valued at about $35,000. Ashton Thomas Securities LLC acquired a new stake in DTE Energy during the third quarter worth approximately $35,000. Ridgewood Investments LLC bought a new stake in shares of DTE Energy during the second quarter worth approximately $31,000. Coastline Trust Co acquired a new position in shares of DTE Energy in the third quarter valued at approximately $39,000. Finally, Fairscale Capital LLC bought a new position in shares of DTE Energy during the second quarter worth approximately $54,000. 76.06% of the stock is currently owned by institutional investors and hedge funds.

DTE Energy Trading Up 0.2 %

Shares of DTE stock opened at $125.44 on Wednesday. DTE Energy has a fifty-two week low of $102.17 and a fifty-two week high of $131.66. The stock’s fifty day moving average price is $124.63 and its two-hundred day moving average price is $119.83. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.83. The company has a market cap of $25.98 billion, a PE ratio of 17.00, a P/E/G ratio of 2.30 and a beta of 0.68.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. KeyCorp boosted their price target on DTE Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. BMO Capital Markets boosted their target price on shares of DTE Energy from $135.00 to $140.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Wells Fargo & Company raised their price target 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. Morgan Stanley cut their price objective on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. Finally, StockNews.com raised shares of DTE Energy from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $131.46.

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.