DTE Energy (NYSE:DTE) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA decreased its position in DTE Energy (NYSE:DTE) by 0.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,665,628 shares of the utilities provider’s stock after selling 1,483 shares during the period. Massachusetts Financial Services Co. MA owned about 0.80% of DTE Energy worth $213,883,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Prospera Private Wealth LLC acquired a new stake in DTE Energy in the 3rd quarter valued at about $35,000. Ashton Thomas Securities LLC acquired a new stake in shares of DTE Energy in the third quarter valued at approximately $35,000. Ridgewood Investments LLC purchased a new position in shares of DTE Energy during the 2nd quarter worth approximately $31,000. Coastline Trust Co acquired a new position in shares of DTE Energy during the 3rd quarter worth approximately $39,000. Finally, Fairscale Capital LLC purchased a new stake in DTE Energy in the 2nd quarter valued at approximately $54,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.

DTE Energy Stock Performance

NYSE DTE opened at $124.58 on Friday. The business’s 50-day simple moving average is $124.66 and its 200-day simple moving average is $119.62. The firm has a market capitalization of $25.80 billion, a P/E ratio of 16.88, a P/E/G ratio of 2.24 and a beta of 0.68. DTE Energy has a 1-year low of $102.17 and a 1-year high of $131.66. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.83 and a quick ratio of 0.62.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on DTE shares. StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. KeyCorp upped their target price 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. Barclays lifted their price target 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. Bank of America upped their price objective on shares of DTE Energy from $131.00 to $136.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Finally, Jefferies Financial Group initiated coverage on DTE Energy in a report on Monday, October 21st. They issued a “hold” rating and a $137.00 price target for the company. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $131.46.

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.