DTE Energy (NYSE:DTE) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its holdings in shares of DTE Energy (NYSE:DTE - Free Report) by 3.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 200,535 shares of the utilities provider's stock after selling 8,224 shares during the quarter. New York State Teachers Retirement System owned 0.10% of DTE Energy worth $25,751,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. ESL Trust Services LLC purchased a new position in DTE Energy in the 1st quarter worth about $27,000. Ridgewood Investments LLC bought a new position in DTE Energy in the 2nd quarter worth about $31,000. Salomon & Ludwin LLC increased its position in shares of DTE Energy by 82.3% during the first quarter. Salomon & Ludwin LLC now owns 432 shares of the utilities provider's stock worth $48,000 after acquiring an additional 195 shares during the period. Fairscale Capital LLC bought a new stake in shares of DTE Energy during the second quarter valued at approximately $54,000. Finally, Chilton Capital Management LLC purchased a new stake in shares of DTE Energy in the second quarter valued at approximately $56,000. 76.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on DTE. LADENBURG THALM/SH SH assumed coverage on DTE Energy in a report on Wednesday, August 14th. They set a "buy" rating and a $131.00 price objective on the stock. Jefferies Financial Group began coverage on DTE Energy in a research note on Monday, October 21st. They set a "hold" rating and a $137.00 price target on the stock. Mizuho upped their price objective on shares of DTE Energy from $121.00 to $133.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 10th. Wells Fargo & Company increased their target price on shares of DTE Energy from $133.00 to $145.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. Finally, KeyCorp boosted 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, DTE Energy has a consensus rating of "Moderate Buy" and an average price target of $131.46.

DTE Energy Stock Down 2.4 %

DTE stock traded down $2.93 on Friday, hitting $121.29. 976,353 shares of the company's stock were exchanged, compared to its average volume of 1,072,464. DTE Energy has a 12-month low of $96.45 and a 12-month high of $131.66. The stock has a market cap of $25.12 billion, a P/E ratio of 16.64, a price-to-earnings-growth ratio of 2.25 and a beta of 0.67. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.83. The firm has a 50 day moving average price of $125.89 and a two-hundred day moving average price of $118.36.

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.