Martingale Asset Management L P Decreases Holdings in DTE Energy (NYSE:DTE)

Martingale Asset Management L P decreased its position in shares of DTE Energy (NYSE:DTE) by 14.9% during the 3rd quarter, Holdings Channel.com reports. The fund owned 166,880 shares of the utilities provider’s stock after selling 29,109 shares during the period. Martingale Asset Management L P’s holdings in DTE Energy were worth $21,429,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC increased its holdings in DTE Energy by 2.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,588 shares of the utilities provider’s stock valued at $461,000 after purchasing an additional 81 shares in the last quarter. Signaturefd LLC increased its stake in shares of DTE Energy by 3.1% in the third quarter. Signaturefd LLC now owns 2,889 shares of the utilities provider’s stock valued at $371,000 after purchasing an additional 86 shares during the period. Aptus Capital Advisors LLC increased its stake in shares of DTE Energy by 3.7% during the second quarter. Aptus Capital Advisors LLC now owns 2,632 shares of the utilities provider’s stock valued at $292,000 after acquiring an additional 94 shares during the period. ASB Consultores LLC grew its position in DTE Energy by 4.9% in the second quarter. ASB Consultores LLC now owns 2,179 shares of the utilities provider’s stock worth $242,000 after buying an additional 101 shares during the last quarter. Finally, S.A. Mason LLC boosted its stake in DTE Energy by 10.5% in the 2nd quarter. S.A. Mason LLC now owns 1,120 shares of the utilities provider’s stock worth $124,000 after purchasing an additional 106 shares during the period. Hedge funds and other institutional investors own 76.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on DTE shares. Mizuho raised their price target 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. Morgan Stanley decreased their price target on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Jefferies Financial Group began coverage on shares of DTE Energy in a report on Monday, October 21st. They issued a “hold” rating and a $137.00 price objective on the stock. Barclays increased their price objective on shares of DTE Energy from $128.00 to $137.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Finally, KeyCorp increased their target price on shares of DTE Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Six research 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 a consensus rating of “Moderate Buy” and an average target price of $131.46.

DTE Energy Stock Up 0.5 %

DTE Energy stock opened at $126.08 on Friday. The company has a fifty day simple moving average of $124.71 and a 200 day simple moving average of $119.92. DTE Energy has a 1-year low of $102.17 and a 1-year high of $131.66. The company has a market cap of $26.11 billion, a P/E ratio of 17.08, a price-to-earnings-growth ratio of 2.33 and a beta of 0.68. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76.

About DTE Energy

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.