DTE Energy (NYSE:DTE) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its holdings in DTE Energy (NYSE:DTE) by 36.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 119,115 shares of the utilities provider’s stock after selling 66,900 shares during the quarter. New York State Common Retirement Fund’s holdings in DTE Energy were worth $15,296,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. ESL Trust Services LLC purchased a new position in shares of DTE Energy in the first quarter valued at $27,000. Ridgewood Investments LLC purchased a new position in shares of DTE Energy in the second quarter valued at $31,000. Fairscale Capital LLC purchased a new position in shares of DTE Energy in the second quarter valued at $54,000. Chilton Capital Management LLC purchased a new position in shares of DTE Energy in the second quarter valued at $56,000. Finally, Crewe Advisors LLC purchased a new position in shares of DTE Energy in the first quarter valued at $57,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.

DTE Energy Stock Up 1.5 %

Shares of NYSE DTE opened at $123.43 on Wednesday. The stock has a market capitalization of $25.56 billion, a PE ratio of 16.72, a P/E/G ratio of 2.20 and a beta of 0.68. 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 firm has a fifty day moving average of $125.77 and a 200-day moving average of $118.88. DTE Energy has a 52-week low of $97.31 and a 52-week high of $131.66.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on DTE shares. BMO Capital Markets raised their price target on DTE Energy from $135.00 to $140.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Morgan Stanley lifted their price objective on DTE Energy from $121.00 to $128.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Scotiabank lifted their price objective 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. Mizuho lifted their price objective on DTE Energy from $121.00 to $133.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Finally, StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.