Robeco Institutional Asset Management B.V. Buys New Shares in DTE Energy (NYSE:DTE)

Robeco Institutional Asset Management B.V. purchased a new position in DTE Energy (NYSE:DTE - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,847 shares of the utilities provider's stock, valued at approximately $1,393,000.

A number of other hedge funds have also recently made changes to their positions in DTE. ESL Trust Services LLC purchased a new stake in shares of DTE Energy during the first quarter valued at about $27,000. Ridgewood Investments LLC purchased a new stake in shares of DTE Energy during the second quarter valued at about $31,000. Fairscale Capital LLC purchased a new stake in shares of DTE Energy during the second quarter valued at about $54,000. Carmichael Hill & Associates Inc. lifted its position in shares of DTE Energy by 47.5% during the third quarter. Carmichael Hill & Associates Inc. now owns 497 shares of the utilities provider's stock valued at $64,000 after buying an additional 160 shares during the last quarter. Finally, Chilton Capital Management LLC purchased a new stake in shares of DTE Energy during the second quarter valued at about $56,000. 76.06% of the stock is currently owned by institutional investors.

DTE Energy Price Performance

DTE stock traded up $0.76 during midday trading on Friday, reaching $117.80. The stock had a trading volume of 3,021,522 shares, compared to its average volume of 1,043,433. DTE Energy has a 52-week low of $97.43 and a 52-week high of $131.66. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76. The company's fifty day simple moving average is $125.42 and its 200 day simple moving average is $119.00. The company has a market cap of $24.40 billion, a price-to-earnings ratio of 15.96, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DTE. Scotiabank increased their price objective on shares of DTE Energy from $120.00 to $137.00 and gave the company a "sector outperform" rating in a research report on Tuesday, August 20th. Barclays increased their price objective on shares of DTE Energy from $128.00 to $137.00 and gave the company an "overweight" rating in a research report on Monday, October 7th. Morgan Stanley increased their price objective on shares of DTE Energy from $121.00 to $128.00 and gave the company an "overweight" rating in a research report on Wednesday, September 25th. Jefferies Financial Group began coverage on shares of DTE Energy in a research report on Monday, October 21st. They issued a "hold" rating and a $137.00 price objective for the company. Finally, BMO Capital Markets increased their price objective on shares of DTE Energy from $135.00 to $140.00 and gave the company a "market perform" rating in a research report on Friday, October 18th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, DTE Energy presently has a consensus rating of "Moderate Buy" and an average target price of $131.46.

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.