DTE Energy (NYSE:DTE) Stock Position Decreased by US Bancorp DE

US Bancorp DE lessened its holdings in shares of DTE Energy (NYSE:DTE) by 0.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,890 shares of the utilities provider’s stock after selling 105 shares during the period. US Bancorp DE’s holdings in DTE Energy were worth $2,939,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of DTE. Private Advisor Group LLC grew its position in DTE Energy by 42.3% in the 1st quarter. Private Advisor Group LLC now owns 16,342 shares of the utilities provider’s stock worth $1,833,000 after purchasing an additional 4,856 shares during the last quarter. BNP Paribas Financial Markets grew its position in DTE Energy by 2.8% in the 1st quarter. BNP Paribas Financial Markets now owns 169,340 shares of the utilities provider’s stock worth $18,990,000 after purchasing an additional 4,591 shares during the last quarter. Janney Montgomery Scott LLC grew its position in DTE Energy by 446.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 41,335 shares of the utilities provider’s stock worth $4,635,000 after purchasing an additional 33,772 shares during the last quarter. Daiwa Securities Group Inc. grew its position in DTE Energy by 28.5% in the 1st quarter. Daiwa Securities Group Inc. now owns 23,670 shares of the utilities provider’s stock worth $2,654,000 after purchasing an additional 5,256 shares during the last quarter. Finally, Mutual of America Capital Management LLC grew its position in DTE Energy by 5.1% in the 1st quarter. Mutual of America Capital Management LLC now owns 33,052 shares of the utilities provider’s stock worth $3,706,000 after purchasing an additional 1,590 shares during the last quarter. Institutional investors own 76.06% of the company’s stock.

DTE Energy Stock Up 1.5 %

DTE stock opened at $123.43 on Wednesday. DTE Energy has a 12 month low of $97.31 and a 12 month high of $131.66. The firm has a market cap of $25.56 billion, a PE ratio of 16.72, a P/E/G ratio of 2.20 and a beta of 0.68. The firm has a 50 day simple moving average of $125.77 and a 200 day simple moving average of $118.88. 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 Analysts Forecast Growth

Several research analysts have commented on the stock. Morgan Stanley upped their target price on shares of DTE Energy from $121.00 to $128.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Mizuho upped their price target on shares of DTE Energy from $121.00 to $133.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. KeyCorp upped their price target on shares of DTE Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. BMO Capital Markets upped their price target on shares of DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. Finally, Wells Fargo & Company upped their price target on shares of DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.