Public Employees Retirement Association of Colorado Lowers Stock Position in DTE Energy (NYSE:DTE)

Public Employees Retirement Association of Colorado trimmed its position in DTE Energy (NYSE:DTE) by 3.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,346 shares of the utilities provider’s stock after selling 797 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in DTE Energy were worth $2,259,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DTE. UBS Group AG raised its stake in DTE Energy by 108.3% during the 4th quarter. UBS Group AG now owns 275,295 shares of the utilities provider’s stock valued at $30,354,000 after purchasing an additional 143,112 shares during the period. Wells Fargo & Company MN lifted its stake in DTE Energy by 14.9% in the 4th quarter. Wells Fargo & Company MN now owns 151,770 shares of the utilities provider’s stock worth $16,734,000 after purchasing an additional 19,673 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in shares of DTE Energy by 7.7% during the 4th quarter. Corient Private Wealth LLC now owns 63,477 shares of the utilities provider’s stock valued at $6,999,000 after purchasing an additional 4,556 shares during the last quarter. Assetmark Inc. grew its position in shares of DTE Energy by 17.1% during the fourth quarter. Assetmark Inc. now owns 2,118 shares of the utilities provider’s stock valued at $234,000 after purchasing an additional 309 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board bought a new stake in shares of DTE Energy in the fourth quarter worth about $256,000. Institutional investors own 76.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. LADENBURG THALM/SH SH initiated coverage on DTE Energy in a research note on Wednesday, August 14th. They issued a “buy” rating and a $131.00 price objective on the stock. BMO Capital Markets increased their price target on DTE Energy from $126.00 to $135.00 and gave the company a “market perform” rating in a report on Friday, September 6th. StockNews.com raised shares of DTE Energy from a “sell” rating to a “hold” rating in a research note on Sunday, August 11th. KeyCorp increased their target price on shares of DTE Energy from $126.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Finally, Wells Fargo & Company raised their target price on shares of DTE Energy from $125.00 to $133.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Five 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, the company has an average rating of “Moderate Buy” and a consensus price target of $127.58.

DTE Energy Stock Up 1.0 %

Shares of NYSE DTE opened at $126.40 on Tuesday. DTE Energy has a 52-week low of $90.14 and a 52-week high of $127.59. The firm has a market capitalization of $26.16 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 2.28 and a beta of 0.67. The stock has a 50 day moving average price of $122.08 and a 200 day moving average price of $115.13. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.52 and a current ratio of 0.69.

DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Thursday, July 25th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.22. The business had revenue of $2.88 billion for 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 quarter in the prior year, the company earned $0.99 EPS. Sell-side analysts expect that DTE Energy will post 6.7 earnings per share for the current year.

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.