Howe & Rusling Inc. Has $14.31 Million Holdings in DTE Energy (NYSE:DTE)

Howe & Rusling Inc. increased its stake in shares of DTE Energy (NYSE:DTE) by 0.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 111,427 shares of the utilities provider’s stock after buying an additional 1,045 shares during the period. DTE Energy accounts for approximately 1.2% of Howe & Rusling Inc.’s holdings, making the stock its 22nd biggest holding. Howe & Rusling Inc.’s holdings in DTE Energy were worth $14,308,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of DTE. Prospera Private Wealth LLC acquired a new stake in shares of DTE Energy during the third quarter worth $35,000. Ashton Thomas Securities LLC acquired a new stake in shares of DTE Energy in the 3rd quarter valued at approximately $35,000. Ridgewood Investments LLC bought a new position in DTE Energy during the 2nd quarter worth approximately $31,000. Coastline Trust Co acquired a new position in DTE Energy during the third quarter valued at approximately $39,000. Finally, Fairscale Capital LLC bought a new stake in DTE Energy in the second quarter valued at approximately $54,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on DTE. Wells Fargo & Company lifted their price objective on DTE Energy from $133.00 to $145.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Scotiabank raised their price target on DTE Energy from $120.00 to $137.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Bank of America raised their target price on shares of DTE Energy from $131.00 to $136.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. BMO Capital Markets upped 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 note on Friday, October 18th. Finally, Morgan Stanley boosted their target price on shares of DTE Energy from $121.00 to $128.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $131.46.

DTE Energy Stock Performance

NYSE:DTE opened at $121.68 on Wednesday. The stock’s 50-day moving average is $124.74 and its 200-day moving average is $119.49. The stock has a market cap of $25.20 billion, a P/E ratio of 16.49, a price-to-earnings-growth ratio of 2.22 and a beta of 0.68. DTE Energy has a 1-year low of $101.44 and a 1-year high of $131.66. The company has a current ratio of 0.83, a quick ratio of 0.62 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.