Principal Financial Group Inc. Has $33.56 Million Stock Holdings in DTE Energy (NYSE:DTE)

Principal Financial Group Inc. lifted its stake in DTE Energy (NYSE:DTE - Free Report) by 5.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 261,357 shares of the utilities provider's stock after purchasing an additional 13,953 shares during the period. Principal Financial Group Inc. owned approximately 0.13% of DTE Energy worth $33,561,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. ESL Trust Services LLC acquired a new position in DTE Energy in the 1st quarter valued at about $27,000. Ridgewood Investments LLC acquired a new stake in DTE Energy during the 2nd quarter valued at $31,000. Fairscale Capital LLC acquired a new position in shares of DTE Energy in the 2nd quarter valued at approximately $54,000. Chilton Capital Management LLC acquired a new stake in shares of DTE Energy in the 2nd quarter valued at about $56,000. Finally, Crewe Advisors LLC bought a new position in DTE Energy during the 1st quarter worth approximately $57,000. Institutional investors and hedge funds own 76.06% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Barclays increased their price objective on shares of DTE Energy from $128.00 to $137.00 and gave the stock an "overweight" rating in a report on Monday, October 7th. Mizuho boosted 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. 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 research note on Friday, October 25th. Jefferies Financial Group began coverage on shares of DTE Energy in a report on Monday, October 21st. They issued a "hold" rating and a $137.00 price target for the company. Finally, BMO Capital Markets lifted their price objective on DTE Energy from $135.00 to $140.00 and gave the company a "market perform" rating in a report on Friday, October 18th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $131.46.

DTE Energy Stock Up 0.5 %

DTE traded up $0.60 during trading on Tuesday, hitting $120.33. The company had a trading volume of 898,010 shares, compared to its average volume of 1,094,083. The firm's 50-day moving average price is $125.31 and its 200 day moving average price is $119.11. The company has a market capitalization of $24.92 billion, a PE ratio of 16.22, a PEG ratio of 2.13 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 has a one year low of $97.43 and a one year high of $131.66.

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.