DTE Energy (NYSE:DTE) Shares Purchased by Public Sector Pension Investment Board

Public Sector Pension Investment Board boosted its position in DTE Energy (NYSE:DTE) by 2.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,133 shares of the utilities provider’s stock after purchasing an additional 1,000 shares during the quarter. Public Sector Pension Investment Board’s holdings in DTE Energy were worth $4,640,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DTE. Cetera Advisors LLC acquired a new stake in shares of DTE Energy in the first quarter valued at about $708,000. Cetera Investment Advisers raised its holdings in DTE Energy by 242.0% in the 1st quarter. Cetera Investment Advisers now owns 29,306 shares of the utilities provider’s stock valued at $3,286,000 after acquiring an additional 20,737 shares during the last quarter. Bank of Montreal Can lifted its stake in DTE Energy by 19.0% in the 2nd quarter. Bank of Montreal Can now owns 269,031 shares of the utilities provider’s stock worth $30,220,000 after purchasing an additional 42,960 shares in the last quarter. Hancock Whitney Corp boosted its holdings in shares of DTE Energy by 80.0% during the 3rd quarter. Hancock Whitney Corp now owns 12,885 shares of the utilities provider’s stock worth $1,655,000 after purchasing an additional 5,725 shares during the last quarter. Finally, Blueshift Asset Management LLC purchased a new stake in shares of DTE Energy in the third quarter valued at approximately $583,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.

Analysts Set New Price Targets

DTE has been the topic of a number of recent research reports. Wells Fargo & Company boosted their price objective on DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Morgan Stanley lowered their price target on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. Jefferies Financial Group began coverage on shares of DTE Energy in a research report on Monday, October 21st. They set a “hold” rating and a $137.00 price objective for the company. BMO Capital Markets boosted their target price on shares of DTE Energy from $135.00 to $140.00 and gave the company a “market perform” rating in a report on Friday, October 18th. Finally, Barclays lifted their price target 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. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, DTE Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.46.

DTE Energy Stock Down 0.2 %

DTE Energy stock opened at $125.78 on Monday. DTE Energy has a twelve month low of $102.17 and a twelve month high of $131.66. The stock’s fifty day simple moving average is $124.73 and its 200-day simple moving average is $120.06. 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 firm has a market capitalization of $26.05 billion, a P/E ratio of 17.04, a P/E/G ratio of 2.32 and a beta of 0.68.

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.