Mutual of America Capital Management LLC Sells 784 Shares of DTE Energy (NYSE:DTE)

Mutual of America Capital Management LLC reduced its position in shares of DTE Energy (NYSE:DTE) by 2.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 31,295 shares of the utilities provider’s stock after selling 784 shares during the quarter. Mutual of America Capital Management LLC’s holdings in DTE Energy were worth $4,019,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DTE. Bessemer Group Inc. boosted its position in shares of DTE Energy by 11.4% during the 1st quarter. Bessemer Group Inc. now owns 2,047 shares of the utilities provider’s stock valued at $229,000 after acquiring an additional 209 shares during the last quarter. Axxcess Wealth Management LLC raised its holdings in DTE Energy by 16.9% during the 1st quarter. Axxcess Wealth Management LLC now owns 10,777 shares of the utilities provider’s stock valued at $1,209,000 after buying an additional 1,557 shares during the period. Advisors Asset Management Inc. raised its holdings in DTE Energy by 70.9% during the 1st quarter. Advisors Asset Management Inc. now owns 6,753 shares of the utilities provider’s stock valued at $757,000 after buying an additional 2,801 shares during the period. Canada Pension Plan Investment Board raised its holdings in DTE Energy by 12.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 381,985 shares of the utilities provider’s stock valued at $42,836,000 after buying an additional 42,635 shares during the period. Finally, Lazard Asset Management LLC raised its holdings in DTE Energy by 37,250.0% during the 1st quarter. Lazard Asset Management LLC now owns 2,988 shares of the utilities provider’s stock valued at $334,000 after buying an additional 2,980 shares during the period. 76.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on DTE shares. Bank of America increased their price target on DTE Energy from $131.00 to $136.00 and gave the company a “buy” rating in a report on Thursday, August 29th. BMO Capital Markets increased their price target on DTE Energy from $135.00 to $140.00 and gave the company a “market perform” rating in a report on Friday, October 18th. Wells Fargo & Company increased their price target on DTE Energy from $133.00 to $145.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Scotiabank increased their price target on DTE Energy from $120.00 to $137.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Finally, StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $131.46.

DTE Energy Stock Performance

Shares of DTE Energy stock opened at $123.86 on Friday. The firm has a market cap of $25.65 billion, a P/E ratio of 16.78, a P/E/G ratio of 2.24 and a beta of 0.68. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76. DTE Energy has a 12 month low of $102.17 and a 12 month high of $131.66. The stock’s fifty day moving average price is $124.69 and its 200-day moving average price is $119.54.

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.