Mizuho Securities USA LLC Grows Holdings in DTE Energy (NYSE:DTE)

Mizuho Securities USA LLC grew its holdings in shares of DTE Energy (NYSE:DTE) by 44,009.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 7,039,000 shares of the utilities provider’s stock after acquiring an additional 7,023,042 shares during the quarter. DTE Energy accounts for approximately 2.4% of Mizuho Securities USA LLC’s investment portfolio, making the stock its 11th biggest holding. Mizuho Securities USA LLC’s holdings in DTE Energy were worth $903,878,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. ESL Trust Services LLC bought a new position in DTE Energy during the first quarter worth about $27,000. Ridgewood Investments LLC bought a new stake in shares of DTE Energy during the 2nd quarter valued at about $31,000. Ashton Thomas Securities LLC purchased a new position in DTE Energy in the 3rd quarter worth approximately $35,000. Coastline Trust Co bought a new position in DTE Energy in the third quarter valued at $39,000. Finally, Fairscale Capital LLC purchased a new position in shares of DTE Energy during the 2nd quarter valued at about $54,000. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

DTE Energy Stock Performance

DTE stock opened at $120.09 on Friday. 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 has a 12-month low of $101.44 and a 12-month high of $131.66. The stock has a market capitalization of $24.87 billion, a PE ratio of 16.27, a price-to-earnings-growth ratio of 2.19 and a beta of 0.68. The stock’s 50 day simple moving average is $124.90 and its 200 day simple moving average is $119.25.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Morgan Stanley upped their price target 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. StockNews.com upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th. Scotiabank increased their price objective on DTE Energy from $120.00 to $137.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. LADENBURG THALM/SH SH initiated coverage on shares of DTE Energy in a research report on Wednesday, August 14th. They issued a “buy” rating and a $131.00 target price on the stock. Finally, Bank of America boosted their price objective on shares of DTE Energy from $131.00 to $136.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, DTE Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.46.

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.