DTE Energy (NYSE:DTE) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lessened its stake in shares of DTE Energy (NYSE:DTE) by 0.1% during the third quarter, HoldingsChannel reports. The firm owned 1,665,628 shares of the utilities provider’s stock after selling 1,483 shares during the period. Massachusetts Financial Services Co. MA’s holdings in DTE Energy were worth $213,883,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Farther Finance Advisors LLC raised its holdings in shares of DTE Energy by 2.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,588 shares of the utilities provider’s stock valued at $461,000 after buying an additional 81 shares during the period. Signaturefd LLC lifted its position in shares of DTE Energy by 3.1% during the third quarter. Signaturefd LLC now owns 2,889 shares of the utilities provider’s stock worth $371,000 after purchasing an additional 86 shares in the last quarter. Aptus Capital Advisors LLC boosted its stake in shares of DTE Energy by 3.7% in the second quarter. Aptus Capital Advisors LLC now owns 2,632 shares of the utilities provider’s stock valued at $292,000 after purchasing an additional 94 shares during the period. ASB Consultores LLC grew its holdings in DTE Energy by 4.9% during the 2nd 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 in the last quarter. Finally, S.A. Mason LLC grew its holdings in DTE Energy by 10.5% during the 2nd quarter. S.A. Mason LLC now owns 1,120 shares of the utilities provider’s stock valued at $124,000 after purchasing an additional 106 shares in the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

DTE Energy Trading Up 0.5 %

DTE Energy stock opened at $124.58 on Friday. DTE Energy has a 1 year low of $102.17 and a 1 year high of $131.66. The firm’s 50-day moving average is $124.66 and its 200-day moving average is $119.62. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.83. The company has a market cap of $25.80 billion, a P/E ratio of 16.88, a PEG ratio of 2.24 and a beta of 0.68.

Wall Street Analysts Forecast Growth

DTE has been the subject of a number of analyst reports. Mizuho upped their price objective on shares of DTE Energy from $121.00 to $133.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. 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. Barclays lifted their price objective on DTE Energy from $128.00 to $137.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Scotiabank increased their target price on DTE Energy from $120.00 to $137.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Finally, Morgan Stanley dropped their price target on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating for the company in a research note on Friday. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, DTE Energy presently has an average rating of “Moderate Buy” and an average price target of $131.46.

DTE Energy Company 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.