Asset Management One Co. Ltd. Boosts Holdings in DTE Energy (NYSE:DTE)

Asset Management One Co. Ltd. grew its stake in DTE Energy (NYSE:DTE) by 0.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 106,986 shares of the utilities provider’s stock after purchasing an additional 722 shares during the quarter. Asset Management One Co. Ltd.’s holdings in DTE Energy were worth $13,738,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of DTE. Janus Henderson Group PLC boosted its holdings in DTE Energy by 6,964.9% in 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 during the last quarter. Clearbridge Investments LLC boosted its stake in shares of DTE Energy by 224.7% in the first quarter. Clearbridge Investments LLC now owns 2,538,106 shares of the utilities provider’s stock worth $284,623,000 after acquiring an additional 1,756,459 shares during the last quarter. Capital Research Global Investors increased its position in shares of DTE Energy by 1.2% during the first quarter. Capital Research Global Investors now owns 21,194,653 shares of the utilities provider’s stock worth $2,376,768,000 after purchasing an additional 261,623 shares in the last quarter. Millennium Management LLC raised its stake in DTE Energy by 42.4% in the 2nd quarter. Millennium Management LLC now owns 543,299 shares of the utilities provider’s stock valued at $60,312,000 after purchasing an additional 161,776 shares during the last quarter. Finally, Panagora Asset Management Inc. lifted its holdings in DTE Energy by 133.2% in the 2nd quarter. Panagora Asset Management Inc. now owns 248,151 shares of the utilities provider’s stock valued at $27,547,000 after purchasing an additional 141,718 shares in the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

DTE Energy Trading Down 1.5 %

Shares of DTE stock opened at $121.57 on Thursday. DTE Energy has a 1-year low of $97.31 and a 1-year high of $131.66. The firm has a market cap of $25.18 billion, a PE ratio of 16.47, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68. The company has a 50-day moving average of $125.71 and a two-hundred day moving average of $118.90. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.83 and a quick ratio of 0.62.

Wall Street Analysts Forecast Growth

DTE has been the subject of a number of recent research reports. Wells Fargo & Company increased their target price on shares of DTE Energy from $133.00 to $145.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Jefferies Financial Group assumed coverage on shares of DTE Energy in a research note on Monday, October 21st. They issued a “hold” rating and a $137.00 target price on the stock. LADENBURG THALM/SH SH assumed coverage on DTE Energy in a research report on Wednesday, August 14th. They issued a “buy” rating and a $131.00 price target for the company. StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Mizuho upped their target price on DTE Energy from $121.00 to $133.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, DTE Energy currently has an average 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.