Brown Brothers Harriman & Co. Has $289,000 Stock Holdings in DTE Energy (NYSE:DTE)

Brown Brothers Harriman & Co. lifted its position in shares of DTE Energy (NYSE:DTE) by 7.4% during the 3rd quarter, Holdings Channel reports. The firm owned 2,247 shares of the utilities provider’s stock after purchasing an additional 155 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in DTE Energy were worth $289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the company. DRW Securities LLC acquired a new position in shares of DTE Energy during the 3rd quarter worth about $1,312,000. Daiwa Securities Group Inc. increased its stake in shares of DTE Energy by 10.1% during the 3rd quarter. Daiwa Securities Group Inc. now owns 29,249 shares of the utilities provider’s stock worth $3,756,000 after purchasing an additional 2,695 shares during the last quarter. Larson Financial Group LLC boosted its holdings in shares of DTE Energy by 6.5% during the 3rd quarter. Larson Financial Group LLC now owns 12,972 shares of the utilities provider’s stock worth $1,666,000 after buying an additional 788 shares during the period. Kingsview Wealth Management LLC bought a new stake in shares of DTE Energy during the 3rd quarter worth about $657,000. Finally, Raymond James Trust N.A. boosted its holdings in shares of 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. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on DTE shares. Scotiabank lifted their target price on shares of DTE Energy from $120.00 to $137.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Jefferies Financial Group started coverage on shares of DTE Energy in a report on Monday, October 21st. They set a “hold” rating and a $137.00 target price for the company. 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 report on Tuesday, September 10th. Barclays boosted their price objective on shares of DTE Energy from $128.00 to $137.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Finally, 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. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, DTE Energy has a consensus rating of “Moderate Buy” and an average price target of $131.46.

DTE Energy Price Performance

DTE stock opened at $126.08 on Thursday. The company has a 50 day simple moving average of $124.66 and a 200 day simple moving average of $119.88. The stock has a market cap of $26.11 billion, a price-to-earnings ratio of 17.08, a P/E/G ratio of 2.31 and a beta of 0.68. DTE Energy has a 1 year low of $102.17 and a 1 year high of $131.66. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.83 and a quick ratio of 0.62.

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.