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

National Pension Service trimmed its holdings in DTE Energy (NYSE:DTE - Free Report) by 1.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 275,263 shares of the utilities provider's stock after selling 4,318 shares during the quarter. National Pension Service owned approximately 0.13% of DTE Energy worth $35,347,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Capital Research Global Investors boosted its stake in 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 valued at $2,376,768,000 after buying an additional 261,623 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of DTE Energy by 1.6% in the second quarter. Ameriprise Financial Inc. now owns 5,557,309 shares of the utilities provider's stock valued at $616,938,000 after purchasing an additional 86,205 shares in the last quarter. Clearbridge Investments LLC raised its stake in DTE Energy by 224.7% during the first quarter. Clearbridge Investments LLC now owns 2,538,106 shares of the utilities provider's stock valued at $284,623,000 after purchasing an additional 1,756,459 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of 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. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of DTE Energy by 3.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,667,111 shares of the utilities provider's stock worth $185,066,000 after buying an additional 59,811 shares during the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on DTE shares. LADENBURG THALM/SH SH assumed coverage on DTE Energy in a research note on Wednesday, August 14th. They set a "buy" rating and a $131.00 price objective on the stock. Barclays increased their price target on DTE Energy from $128.00 to $137.00 and gave the company an "overweight" rating in a report on Monday, October 7th. Jefferies Financial Group assumed 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 on the stock. BMO Capital Markets raised their target price on shares of DTE Energy from $135.00 to $140.00 and gave the stock a "market perform" rating in a report on Friday, October 18th. Finally, KeyCorp upped their price target on shares of DTE Energy from $136.00 to $138.00 and gave the company an "overweight" rating in a report on Tuesday, October 22nd. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, DTE Energy has a consensus rating of "Moderate Buy" and an average target price of $131.46.

DTE Energy Stock Down 3.7 %

Shares of DTE traded down $4.54 during midday trading on Thursday, reaching $117.03. 3,753,822 shares of the stock were exchanged, compared to its average volume of 1,085,014. The company has a market capitalization of $24.24 billion, a P/E ratio of 15.91, a PEG ratio of 2.20 and a beta of 0.68. The company has a current ratio of 0.83, a quick ratio of 0.62 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. The company's 50 day moving average is $125.71 and its two-hundred day moving average is $118.90.

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.