BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 5,106 Shares of DTE Energy (NYSE:DTE)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its position in DTE Energy (NYSE:DTE) by 12.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,523 shares of the utilities provider’s stock after selling 5,106 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in DTE Energy were worth $4,433,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of DTE. Edgestream Partners L.P. lifted its stake in shares of DTE Energy by 124.4% in the third quarter. Edgestream Partners L.P. now owns 11,637 shares of the utilities provider’s stock valued at $1,494,000 after buying an additional 6,452 shares in the last quarter. Public Sector Pension Investment Board raised its holdings in shares of DTE Energy by 2.8% in the 3rd quarter. Public Sector Pension Investment Board now owns 36,133 shares of the utilities provider’s stock worth $4,640,000 after acquiring an additional 1,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in DTE Energy by 3.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 64,124 shares of the utilities provider’s stock valued at $8,234,000 after acquiring an additional 1,970 shares in the last quarter. Blueshift Asset Management LLC acquired a new position in DTE Energy during the 3rd quarter valued at about $583,000. Finally, Townsquare Capital LLC increased its holdings in DTE Energy by 10.1% during the 3rd quarter. Townsquare Capital LLC now owns 8,831 shares of the utilities provider’s stock worth $1,134,000 after purchasing an additional 810 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Price Performance

DTE opened at $123.61 on Tuesday. The firm has a 50-day moving average price of $124.73 and a 200-day moving average price of $120.06. DTE Energy has a twelve month low of $102.17 and a twelve month high of $131.66. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 1.76. The company has a market capitalization of $25.60 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 2.32 and a beta of 0.68.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Barclays lifted their target price on DTE Energy from $128.00 to $137.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Bank of America lifted their price objective on shares of DTE Energy from $131.00 to $136.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. StockNews.com upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. KeyCorp raised their price target on shares of DTE Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Finally, Morgan Stanley reduced their price objective on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, DTE Energy has an average 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.