Park Avenue Securities LLC Sells 548 Shares of DTE Energy (NYSE:DTE)

Park Avenue Securities LLC cut its holdings in shares of DTE Energy (NYSE:DTE) by 5.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,859 shares of the utilities provider’s stock after selling 548 shares during the period. Park Avenue Securities LLC’s holdings in DTE Energy were worth $1,266,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Aptus Capital Advisors LLC lifted its stake in DTE Energy by 3.7% during the 2nd quarter. Aptus Capital Advisors LLC now owns 2,632 shares of the utilities provider’s stock valued at $292,000 after acquiring an additional 94 shares during the period. ASB Consultores LLC raised its holdings in shares of DTE Energy by 4.9% during the second quarter. ASB Consultores LLC now owns 2,179 shares of the utilities provider’s stock valued at $242,000 after purchasing an additional 101 shares during the last quarter. TIAA Trust National Association lifted its position in DTE Energy by 2.9% during the first quarter. TIAA Trust National Association now owns 3,771 shares of the utilities provider’s stock valued at $423,000 after purchasing an additional 106 shares during the period. S.A. Mason LLC boosted its holdings in DTE Energy by 10.5% in the second quarter. S.A. Mason LLC now owns 1,120 shares of the utilities provider’s stock worth $124,000 after purchasing an additional 106 shares during the last quarter. Finally, Texas Permanent School Fund Corp grew its position in DTE Energy by 0.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 41,908 shares of the utilities provider’s stock worth $4,700,000 after purchasing an additional 107 shares during the period. 76.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on DTE shares. KeyCorp increased their price target on DTE Energy from $130.00 to $136.00 and gave the company an “overweight” rating in a report on Monday, September 30th. StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a report on Sunday, August 11th. Wells Fargo & Company boosted their price target on DTE Energy from $125.00 to $133.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Scotiabank upped their price target 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. Finally, BMO Capital Markets raised their price objective on shares of DTE Energy from $126.00 to $135.00 and gave the stock a “market perform” rating in a report on Friday, September 6th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $129.42.

DTE Energy Price Performance

Shares of DTE Energy stock opened at $125.48 on Wednesday. The company has a market capitalization of $25.97 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 2.32 and a beta of 0.67. The company has a quick ratio of 0.52, a current ratio of 0.69 and a debt-to-equity ratio of 1.73. The stock’s 50-day simple moving average is $124.04 and its 200-day simple moving average is $116.29. DTE Energy has a 52 week low of $92.58 and a 52 week high of $129.53.

DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Thursday, July 25th. The utilities provider reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.22. The business had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.65 billion. DTE Energy had a return on equity of 12.18% and a net margin of 11.18%. During the same period in the prior year, the company posted $0.99 EPS. As a group, analysts expect that DTE Energy will post 6.7 earnings per share for the current fiscal year.

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.