IFM Investors Pty Ltd Sells 9,488 Shares of DTE Energy (NYSE:DTE)

IFM Investors Pty Ltd decreased its position in shares of DTE Energy (NYSE:DTE - Free Report) by 23.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 30,139 shares of the utilities provider's stock after selling 9,488 shares during the period. IFM Investors Pty Ltd's holdings in DTE Energy were worth $3,870,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. increased its stake in shares of DTE Energy by 25.5% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 12,903 shares of the utilities provider's stock worth $1,657,000 after acquiring an additional 2,624 shares in the last quarter. Aquila Investment Management LLC purchased a new stake in DTE Energy in the third quarter worth about $385,000. Stanley Laman Group Ltd. bought a new position in shares of DTE Energy during the third quarter valued at approximately $216,000. Waldron Private Wealth LLC bought a new position in shares of DTE Energy during the third quarter valued at approximately $205,000. Finally, Eastern Bank purchased a new position in shares of DTE Energy during the third quarter valued at approximately $175,000. Institutional investors own 76.06% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on DTE. LADENBURG THALM/SH SH began 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. Bank of America lifted their target price on shares of DTE Energy from $131.00 to $136.00 and gave the stock a "buy" rating in a report on Thursday, August 29th. Mizuho increased their price target on shares of DTE Energy from $121.00 to $133.00 and gave the company an "outperform" rating in a report on Tuesday, September 10th. KeyCorp boosted their price objective on shares of DTE Energy from $136.00 to $138.00 and gave the stock an "overweight" rating in a report on Tuesday, October 22nd. Finally, Morgan Stanley upped their price objective on DTE Energy from $121.00 to $128.00 and gave the company an "overweight" rating in a research report on Wednesday, September 25th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $131.46.

DTE Energy Stock Performance

NYSE DTE traded down $3.20 on Friday, reaching $126.57. 1,276,027 shares of the stock were exchanged, compared to its average volume of 1,075,940. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73. DTE Energy has a one year low of $92.58 and a one year high of $131.66. The firm has a market capitalization of $26.19 billion, a PE ratio of 20.72, a PEG ratio of 2.29 and a beta of 0.67. The company's 50-day simple moving average is $125.77 and its two-hundred day simple moving average is $118.01.

DTE Energy (NYSE:DTE - Get Free Report) last posted its quarterly earnings results on Thursday, July 25th. The utilities provider reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $1.21 by $0.22. The business had revenue of $2.88 billion for the quarter, compared to analysts' expectations of $2.65 billion. DTE Energy had a return on equity of 12.18% and a net margin of 11.18%. During the same period last year, the firm earned $0.99 earnings per share. Analysts expect that DTE Energy will post 6.7 EPS for the current fiscal year.

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.