Ontario Teachers Pension Plan Board Reduces Stock Position in DTE Energy (NYSE:DTE)

Ontario Teachers Pension Plan Board lowered its stake in DTE Energy (NYSE:DTE - Free Report) by 62.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,015 shares of the utilities provider's stock after selling 28,125 shares during the period. Ontario Teachers Pension Plan Board's holdings in DTE Energy were worth $2,185,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of DTE. Advisors Asset Management Inc. increased its stake in DTE Energy by 4.1% in the third quarter. Advisors Asset Management Inc. now owns 7,481 shares of the utilities provider's stock valued at $961,000 after acquiring an additional 298 shares during the last quarter. Howe & Rusling Inc. increased its stake in shares of DTE Energy by 0.9% in the 3rd quarter. Howe & Rusling Inc. now owns 111,427 shares of the utilities provider's stock valued at $14,308,000 after purchasing an additional 1,045 shares during the last quarter. Commerce Bank raised its holdings in shares of DTE Energy by 16.9% during the 3rd quarter. Commerce Bank now owns 23,194 shares of the utilities provider's stock worth $2,978,000 after buying an additional 3,354 shares in the last quarter. Prospera Private Wealth LLC bought a new stake in shares of DTE Energy during the 3rd quarter worth $35,000. Finally, PNC Financial Services Group Inc. boosted its stake in DTE Energy by 6.7% in the third quarter. PNC Financial Services Group Inc. now owns 55,980 shares of the utilities provider's stock valued at $7,188,000 after buying an additional 3,527 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on DTE shares. Mizuho increased their price objective on shares of DTE Energy from $121.00 to $133.00 and gave the company an "outperform" rating in a research note on Tuesday, September 10th. Wells Fargo & Company raised their price objective on DTE Energy from $133.00 to $145.00 and gave the company an "overweight" rating in a report on Friday, October 25th. Morgan Stanley boosted their price objective on DTE Energy from $121.00 to $128.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 25th. KeyCorp increased their target price on DTE Energy from $136.00 to $138.00 and gave the company an "overweight" rating in a research report on Tuesday, October 22nd. Finally, Jefferies Financial Group initiated coverage on DTE Energy in a research note on Monday, October 21st. They issued a "hold" rating and a $137.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $131.46.

DTE Energy Stock Up 0.4 %

Shares of DTE traded up $0.48 on Wednesday, reaching $122.17. The stock had a trading volume of 1,575,801 shares, compared to its average volume of 1,119,696. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.83. DTE Energy has a 12-month low of $102.07 and a 12-month high of $131.66. The firm has a market capitalization of $25.30 billion, a price-to-earnings ratio of 16.52, a price-to-earnings-growth ratio of 2.22 and a beta of 0.68. The company has a 50-day simple moving average of $124.74 and a 200-day simple moving average of $119.49.

About DTE Energy

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.