DTE Energy (NYSE:DTE) Short Interest Update

DTE Energy (NYSE:DTE) was the recipient of a significant increase in short interest in November. As of November 15th, there was short interest totalling 2,570,000 shares, an increase of 16.3% from the October 31st total of 2,210,000 shares. Based on an average daily trading volume, of 1,240,000 shares, the days-to-cover ratio is currently 2.1 days.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on DTE shares. Morgan Stanley lowered 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. BMO Capital Markets increased their target price on DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. Scotiabank increased their price objective on DTE Energy from $120.00 to $137.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Finally, Wells Fargo & Company lifted their target price on DTE Energy from $133.00 to $145.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $131.46.

Institutional Investors Weigh In On DTE Energy

A number of institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp lifted its holdings in DTE Energy by 7.0% during the 3rd quarter. State Street Corp now owns 10,193,572 shares of the utilities provider’s stock valued at $1,319,264,000 after purchasing an additional 662,569 shares during the last quarter. Mizuho Securities USA LLC raised its position 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 purchasing an additional 7,023,042 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of DTE Energy by 1.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,557,309 shares of the utilities provider’s stock worth $616,938,000 after buying an additional 86,205 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of DTE Energy by 2.4% during the 3rd quarter. Janus Henderson Group PLC now owns 2,720,265 shares of the utilities provider’s stock worth $349,309,000 after buying an additional 64,880 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of 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 period. 76.06% of the stock is owned by institutional investors.

DTE Energy Stock Down 0.2 %

DTE traded down $0.30 during trading on Friday, reaching $125.78. 608,746 shares of the stock were exchanged, compared to its average volume of 1,605,982. 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 stock’s 50 day moving average price is $124.73 and its two-hundred day moving average price is $120.03. DTE Energy has a twelve month low of $102.17 and a twelve month high of $131.66. The stock has a market cap of $26.05 billion, a P/E ratio of 17.04, a price-to-earnings-growth ratio of 2.32 and a beta of 0.68.

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.