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

New York State Common Retirement Fund trimmed its holdings in shares of DTE Energy (NYSE:DTE - Free Report) by 36.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 119,115 shares of the utilities provider's stock after selling 66,900 shares during the period. New York State Common Retirement Fund owned about 0.06% of DTE Energy worth $15,296,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Private Advisor Group LLC grew its stake in shares of DTE Energy by 42.3% in the first quarter. Private Advisor Group LLC now owns 16,342 shares of the utilities provider's stock valued at $1,833,000 after buying an additional 4,856 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of DTE Energy by 2.8% during the first quarter. BNP Paribas Financial Markets now owns 169,340 shares of the utilities provider's stock valued at $18,990,000 after purchasing an additional 4,591 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of DTE Energy by 446.5% during the first quarter. Janney Montgomery Scott LLC now owns 41,335 shares of the utilities provider's stock worth $4,635,000 after purchasing an additional 33,772 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of DTE Energy by 28.5% in the first quarter. Daiwa Securities Group Inc. now owns 23,670 shares of the utilities provider's stock valued at $2,654,000 after purchasing an additional 5,256 shares during the period. Finally, Mutual of America Capital Management LLC boosted its stake in shares of DTE Energy by 5.1% in the first quarter. Mutual of America Capital Management LLC now owns 33,052 shares of the utilities provider's stock valued at $3,706,000 after purchasing an additional 1,590 shares during the period. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DTE has been the topic of a number of recent analyst reports. Mizuho boosted their price objective on shares of DTE Energy from $121.00 to $133.00 and gave the stock an "outperform" rating in a report on Tuesday, September 10th. StockNews.com upgraded DTE Energy from a "sell" rating to a "hold" rating in a research note on Tuesday. Bank of America upped their target price on DTE Energy from $131.00 to $136.00 and gave the company a "buy" rating in a research report on Thursday, August 29th. Morgan Stanley lifted their price target on shares of DTE Energy from $121.00 to $128.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 25th. Finally, Barclays boosted their target price on shares of DTE Energy from $128.00 to $137.00 and gave the stock an "overweight" rating in a research report on Monday, October 7th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $131.46.

DTE Energy Stock Performance

NYSE DTE traded down $1.86 on Wednesday, hitting $121.57. The stock had a trading volume of 1,550,103 shares, compared to its average volume of 1,072,605. The company's 50-day moving average is $125.71 and its two-hundred day moving average is $118.90. DTE Energy has a one year low of $97.31 and a one year high of $131.66. The stock has a market cap of $25.18 billion, a price-to-earnings ratio of 16.47, 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.

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.