Intech Investment Management LLC Sells 3,895 Shares of DTE Energy (NYSE:DTE)

Intech Investment Management LLC trimmed its stake in DTE Energy (NYSE:DTE) by 12.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,488 shares of the utilities provider’s stock after selling 3,895 shares during the period. Intech Investment Management LLC’s holdings in DTE Energy were worth $3,658,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Mizuho Securities USA LLC increased its stake in shares of 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 buying an additional 7,023,042 shares during the period. Janus Henderson Group PLC increased its position in DTE Energy by 6,964.9% during the 1st quarter. Janus Henderson Group PLC now owns 2,090,350 shares of the utilities provider’s stock valued at $234,410,000 after purchasing an additional 2,060,762 shares during the period. Millennium Management LLC lifted its position in shares of DTE Energy by 42.4% in the 2nd quarter. Millennium Management LLC now owns 543,299 shares of the utilities provider’s stock worth $60,312,000 after purchasing an additional 161,776 shares during the period. Panagora Asset Management Inc. boosted its stake in shares of DTE Energy by 133.2% in the 2nd quarter. Panagora Asset Management Inc. now owns 248,151 shares of the utilities provider’s stock valued at $27,547,000 after purchasing an additional 141,718 shares during the last quarter. Finally, Beck Bode LLC acquired a new stake in shares of DTE Energy during the second quarter worth $13,355,000. 76.06% of the stock is owned by institutional investors.

DTE Energy Stock Up 0.5 %

Shares of NYSE:DTE opened at $124.60 on Friday. DTE Energy has a 1 year low of $102.17 and a 1 year high of $131.66. The company has a market capitalization of $25.80 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 2.29 and a beta of 0.68. The business has a fifty day moving average price of $124.66 and a two-hundred day moving average price of $119.67. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.83 and a quick ratio of 0.62.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DTE. Mizuho boosted their target price on shares of DTE Energy from $121.00 to $133.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Scotiabank upped their target price on DTE Energy from $120.00 to $137.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. LADENBURG THALM/SH SH assumed coverage on DTE Energy in a research note on Wednesday, August 14th. They issued a “buy” rating and a $131.00 price target on the stock. Barclays boosted their target price on shares of DTE Energy from $128.00 to $137.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Finally, BMO Capital Markets raised their price target on shares of DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, DTE Energy currently has a consensus rating of “Moderate Buy” and an average target price 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.