Atlanta Consulting Group Advisors LLC Acquires New Holdings in DTE Energy (NYSE:DTE)

Atlanta Consulting Group Advisors LLC bought a new position in DTE Energy (NYSE:DTE) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,929 shares of the utilities provider’s stock, valued at approximately $248,000.

Other large investors also recently made changes to their positions in the company. Mizuho Securities USA LLC lifted its holdings in DTE Energy by 44,009.5% in the third quarter. Mizuho Securities USA LLC now owns 7,039,000 shares of the utilities provider’s stock worth $903,878,000 after purchasing an additional 7,023,042 shares during the period. Janus Henderson Group PLC raised its position in shares of DTE Energy by 6,964.9% during the 1st quarter. Janus Henderson Group PLC now owns 2,090,350 shares of the utilities provider’s stock worth $234,410,000 after buying an additional 2,060,762 shares in the last quarter. Capital Research Global Investors lifted its stake in shares of DTE Energy by 1.2% in the 1st quarter. Capital Research Global Investors now owns 21,194,653 shares of the utilities provider’s stock worth $2,376,768,000 after acquiring an additional 261,623 shares during the period. Millennium Management LLC boosted its holdings in shares of DTE Energy by 42.4% in the second quarter. Millennium Management LLC now owns 543,299 shares of the utilities provider’s stock valued at $60,312,000 after acquiring an additional 161,776 shares in the last quarter. Finally, Panagora Asset Management Inc. increased its stake in shares of DTE Energy by 133.2% during the second quarter. Panagora Asset Management Inc. now owns 248,151 shares of the utilities provider’s stock valued at $27,547,000 after acquiring an additional 141,718 shares during the period. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Stock Performance

Shares of DTE Energy stock opened at $120.09 on Monday. DTE Energy has a 12 month low of $101.44 and a 12 month high of $131.66. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 1.76. The stock has a market cap of $24.87 billion, a PE ratio of 16.27, a price-to-earnings-growth ratio of 2.22 and a beta of 0.68. The business has a fifty day simple moving average of $124.90 and a 200-day simple moving average of $119.37.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DTE. Scotiabank upped their target price on DTE Energy from $120.00 to $137.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Wells Fargo & Company upped 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. Morgan Stanley raised their target price on DTE Energy from $121.00 to $128.00 and gave the company an “overweight” rating in a research note 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. Finally, KeyCorp raised 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, October 22nd. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $131.46.

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.