DTE Energy (NYSE:DTE) Shares Acquired by Public Sector Pension Investment Board

Public Sector Pension Investment Board lifted its holdings in DTE Energy (NYSE:DTE) by 2.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,133 shares of the utilities provider’s stock after purchasing an additional 1,000 shares during the quarter. Public Sector Pension Investment Board’s holdings in DTE Energy were worth $4,640,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Tidal Investments LLC raised its position in shares of DTE Energy by 9.2% in the 1st quarter. Tidal Investments LLC now owns 4,807 shares of the utilities provider’s stock valued at $539,000 after purchasing an additional 405 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of DTE Energy by 242.0% during the first quarter. Cetera Investment Advisers now owns 29,306 shares of the utilities provider’s stock worth $3,286,000 after buying an additional 20,737 shares during the period. Cetera Advisors LLC purchased a new stake in shares of DTE Energy during the first quarter valued at $708,000. DekaBank Deutsche Girozentrale increased its position in shares of DTE Energy by 7.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 35,498 shares of the utilities provider’s stock valued at $3,911,000 after acquiring an additional 2,432 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in DTE Energy by 661.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,035 shares of the utilities provider’s stock worth $114,000 after acquiring an additional 899 shares during the last quarter. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Morgan Stanley cut their price objective on DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. Bank of America upped their price objective on shares of DTE Energy from $131.00 to $136.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Scotiabank raised their target price on shares of DTE Energy from $120.00 to $137.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. LADENBURG THALM/SH SH started coverage on shares of DTE Energy in a report on Wednesday, August 14th. They issued a “buy” rating and a $131.00 price target on the stock. Finally, Barclays lifted their price objective on DTE Energy from $128.00 to $137.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $131.46.

DTE Energy Trading Down 0.2 %

Shares of NYSE:DTE opened at $125.78 on Monday. The business’s 50 day moving average price is $124.73 and its 200-day moving average price is $120.06. DTE Energy has a 1 year low of $102.17 and a 1 year high of $131.66. The firm has a market capitalization of $26.05 billion, a price-to-earnings ratio of 17.04, a price-to-earnings-growth ratio of 2.32 and a beta of 0.68. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.83 and a quick ratio of 0.62.

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.