Empowered Funds LLC Has $389,000 Holdings in DTE Energy (NYSE:DTE)

Empowered Funds LLC grew its holdings in DTE Energy (NYSE:DTE) by 9.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,028 shares of the utilities provider’s stock after buying an additional 258 shares during the quarter. Empowered Funds LLC’s holdings in DTE Energy were worth $389,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DTE. Ridgewood Investments LLC bought a new position in DTE Energy during the second quarter worth about $31,000. Ashton Thomas Securities LLC acquired a new stake in DTE Energy in the 3rd quarter valued at $35,000. Fairscale Capital LLC bought a new stake in DTE Energy during the second quarter worth about $54,000. Chilton Capital Management LLC acquired a new stake in shares of DTE Energy in the 2nd quarter valued at approximately $56,000. Finally, Carmichael Hill & Associates Inc. lifted its stake in DTE Energy by 47.5% in the third quarter. Carmichael Hill & Associates Inc. now owns 497 shares of the utilities provider’s stock valued at $64,000 after acquiring an additional 160 shares during the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Price Performance

Shares of DTE opened at $125.14 on Tuesday. DTE Energy has a fifty-two week low of $102.17 and a fifty-two week high of $131.66. The firm’s 50-day simple moving average is $124.63 and its two-hundred day simple moving average is $119.76. The stock has a market cap of $25.92 billion, a PE ratio of 16.96, a price-to-earnings-growth ratio of 2.30 and a beta of 0.68. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.83.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. BMO Capital Markets lifted their target price on DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. Scotiabank increased their price objective on shares of DTE Energy from $120.00 to $137.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Bank of America boosted their price target on DTE Energy from $131.00 to $136.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Jefferies Financial Group began coverage on shares of DTE Energy in a research report on Monday, October 21st. They set a “hold” rating and a $137.00 price objective for the company. Finally, LADENBURG THALM/SH SH initiated coverage on DTE Energy in a research report on Wednesday, August 14th. They issued a “buy” rating and a $131.00 target price for the company. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $131.46.

DTE Energy Company 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.