DTE Energy (NYSE:DTE) Shares Sold by National Pension Service

National Pension Service reduced its stake in DTE Energy (NYSE:DTE) by 1.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 275,263 shares of the utilities provider’s stock after selling 4,318 shares during the quarter. National Pension Service owned 0.13% of DTE Energy worth $35,347,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Intact Investment Management Inc. acquired a new position in DTE Energy during the third quarter worth $74,000. Old North State Wealth Management LLC lifted its stake in DTE Energy by 52.5% during the 3rd quarter. Old North State Wealth Management LLC now owns 2,751 shares of the utilities provider’s stock worth $354,000 after acquiring an additional 947 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in DTE Energy during the 3rd quarter valued at about $1,393,000. Van ECK Associates Corp acquired a new position in DTE Energy in the 3rd quarter valued at about $268,000. Finally, Janney Montgomery Scott LLC increased its stake in DTE Energy by 6.2% during the third quarter. Janney Montgomery Scott LLC now owns 43,469 shares of the utilities provider’s stock worth $5,582,000 after purchasing an additional 2,548 shares during the period. Hedge funds and other institutional investors own 76.06% of the company’s stock.

DTE Energy Stock Down 1.5 %

Shares of NYSE DTE opened at $121.57 on Thursday. The business has a 50-day moving average price of $125.71 and a 200 day moving average price of $118.90. The stock 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 quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 1.76. DTE Energy has a 52-week low of $97.31 and a 52-week high of $131.66.

Wall Street Analysts Forecast Growth

DTE has been the subject of a number of research reports. BMO Capital Markets lifted their price objective on shares of DTE Energy from $135.00 to $140.00 and gave the company a “market perform” rating in a report on Friday, October 18th. Scotiabank increased their price objective on DTE Energy from $120.00 to $137.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. KeyCorp boosted their target price on DTE Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Mizuho boosted 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. 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.com, the stock presently 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.