DTE Energy (NYSE:DTE) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets decreased its stake in DTE Energy (NYSE:DTE) by 29.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 237,998 shares of the utilities provider’s stock after selling 97,724 shares during the period. BNP Paribas Financial Markets owned 0.11% of DTE Energy worth $30,561,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of DTE. Mizuho Securities USA LLC boosted its stake in DTE Energy by 44,009.5% in the third quarter. Mizuho Securities USA LLC now owns 7,039,000 shares of the utilities provider’s stock valued at $903,878,000 after acquiring an additional 7,023,042 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of DTE Energy by 1.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,557,309 shares of the utilities provider’s stock valued at $616,938,000 after purchasing an additional 86,205 shares during the period. Massachusetts Financial Services Co. MA grew its stake in DTE Energy by 3.7% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,667,111 shares of the utilities provider’s stock worth $185,066,000 after buying an additional 59,811 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in DTE Energy by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,274,837 shares of the utilities provider’s stock valued at $163,702,000 after buying an additional 14,937 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of DTE Energy by 10.1% in the second quarter. Dimensional Fund Advisors LP now owns 730,283 shares of the utilities provider’s stock valued at $81,071,000 after acquiring an additional 67,086 shares during the period. 76.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on DTE shares. LADENBURG THALM/SH SH began coverage on shares of DTE Energy in a report on Wednesday, August 14th. They issued a “buy” rating and a $131.00 target price on the stock. Jefferies Financial Group assumed coverage on DTE Energy in a report on Monday, October 21st. They set a “hold” rating and a $137.00 price target on the stock. Morgan Stanley reduced their price objective on DTE Energy from $131.00 to $128.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. Mizuho boosted their target price on DTE Energy from $121.00 to $133.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Finally, Wells Fargo & Company increased their price target on DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $131.46.

DTE Energy Trading Down 0.2 %

Shares of DTE Energy stock opened at $125.86 on Friday. The company has a 50-day moving average of $124.73 and a two-hundred day moving average of $119.99. DTE Energy has a 12-month low of $102.17 and a 12-month high of $131.66. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76. The stock has a market cap of $26.07 billion, a PE ratio of 17.05, a price-to-earnings-growth ratio of 2.33 and a beta of 0.68.

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.