Mediolanum International Funds Ltd Has $14.35 Million Stake in DTE Energy (NYSE:DTE)

Mediolanum International Funds Ltd raised its position in shares of DTE Energy (NYSE:DTE) by 16.8% in the 3rd quarter, Holdings Channel reports. The firm owned 112,846 shares of the utilities provider’s stock after acquiring an additional 16,240 shares during the period. Mediolanum International Funds Ltd’s holdings in DTE Energy were worth $14,351,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Lake Street Advisors Group LLC acquired a new position in shares of DTE Energy during the third quarter valued at about $200,000. Tectonic Advisors LLC boosted its holdings in DTE Energy by 4.5% in the 3rd quarter. Tectonic Advisors LLC now owns 5,246 shares of the utilities provider’s stock worth $674,000 after buying an additional 224 shares during the period. Spirit of America Management Corp NY boosted its holdings in DTE Energy by 9.5% in the 3rd quarter. Spirit of America Management Corp NY now owns 8,050 shares of the utilities provider’s stock worth $1,034,000 after buying an additional 700 shares during the period. Assenagon Asset Management S.A. lifted its stake in DTE Energy by 2.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 6,550 shares of the utilities provider’s stock worth $841,000 after purchasing an additional 143 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in DTE Energy by 25.5% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 12,903 shares of the utilities provider’s stock worth $1,657,000 after purchasing an additional 2,624 shares in the last quarter. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Mizuho lifted their target price on shares of DTE Energy from $121.00 to $133.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. BMO Capital Markets lifted their price target 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. KeyCorp increased their price objective on shares of DTE Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a research report on Tuesday. LADENBURG THALM/SH SH assumed coverage on shares of DTE Energy in a report on Wednesday, August 14th. They set a “buy” rating and a $131.00 target price for the company. Finally, StockNews.com raised shares of DTE Energy from a “sell” rating to a “hold” rating in a report on Sunday, August 11th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, DTE Energy currently has an average rating of “Moderate Buy” and a consensus target price of $131.46.

DTE Energy Trading Down 1.4 %

NYSE DTE traded down $1.81 during trading hours on Friday, reaching $127.96. The company had a trading volume of 247,452 shares, compared to its average volume of 1,070,819. The stock has a 50-day moving average of $125.52 and a 200 day moving average of $117.67. DTE Energy has a 1-year low of $92.58 and a 1-year high of $131.66. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73. The stock has a market capitalization of $26.48 billion, a P/E ratio of 21.23, a price-to-earnings-growth ratio of 2.29 and a beta of 0.67.

DTE Energy (NYSE:DTE) last issued its quarterly earnings results on Thursday, October 24th. The utilities provider reported $2.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.35. The business had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $3.17 billion. DTE Energy had a net margin of 11.18% and a return on equity of 12.18%. As a group, research analysts anticipate that DTE Energy will post 6.7 earnings per share for the current fiscal year.

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.