Point72 Asia Singapore Pte. Ltd. Acquires Shares of 14,609 DTE Energy (NYSE:DTE)

Point72 Asia Singapore Pte. Ltd. acquired a new stake in DTE Energy (NYSE:DTE) during the third quarter, HoldingsChannel.com reports. The fund acquired 14,609 shares of the utilities provider’s stock, valued at approximately $1,876,000.

A number of other large investors also recently modified their holdings of DTE. Farther Finance Advisors LLC raised its holdings in shares of DTE Energy by 2.3% in the third quarter. Farther Finance Advisors LLC now owns 3,588 shares of the utilities provider’s stock valued at $461,000 after buying an additional 81 shares during the last quarter. Signaturefd LLC raised its holdings in DTE Energy by 3.1% during the third quarter. Signaturefd LLC now owns 2,889 shares of the utilities provider’s stock worth $371,000 after purchasing an additional 86 shares in the last quarter. Aptus Capital Advisors LLC raised its holdings in DTE Energy by 3.7% during the second quarter. Aptus Capital Advisors LLC now owns 2,632 shares of the utilities provider’s stock worth $292,000 after purchasing an additional 94 shares in the last quarter. ASB Consultores LLC raised its holdings in DTE Energy by 4.9% during the second quarter. ASB Consultores LLC now owns 2,179 shares of the utilities provider’s stock worth $242,000 after purchasing an additional 101 shares in the last quarter. Finally, S.A. Mason LLC raised its holdings in DTE Energy by 10.5% during the second quarter. S.A. Mason LLC now owns 1,120 shares of the utilities provider’s stock worth $124,000 after purchasing an additional 106 shares in the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on DTE. BMO Capital Markets increased their price target on shares of DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. KeyCorp increased their price target on shares of DTE Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. LADENBURG THALM/SH SH began coverage on shares of DTE Energy in a report on Wednesday, August 14th. They set a “buy” rating and a $131.00 price target for the company. StockNews.com raised shares of DTE Energy from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. Finally, Mizuho increased their price target 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. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $131.46.

DTE Energy Stock Down 0.2 %

DTE stock opened at $125.78 on Monday. The company’s 50 day simple moving average is $124.73 and its 200-day simple moving average is $120.06. The firm has a market capitalization of $26.05 billion, a PE ratio of 17.04, a P/E/G ratio of 2.32 and a beta of 0.68. DTE Energy has a 12 month low of $102.17 and a 12 month 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.

About DTE Energy

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.