Ontario Teachers Pension Plan Board Sells 28,125 Shares of DTE Energy (NYSE:DTE)

Ontario Teachers Pension Plan Board trimmed its holdings in shares of DTE Energy (NYSE:DTE) by 62.3% during the 3rd quarter, Holdings Channel reports. The fund owned 17,015 shares of the utilities provider’s stock after selling 28,125 shares during the period. Ontario Teachers Pension Plan Board’s holdings in DTE Energy were worth $2,185,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its stake in shares of DTE Energy by 2.3% during the third 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 holdings in shares of DTE Energy by 3.1% in the 3rd quarter. Signaturefd LLC now owns 2,889 shares of the utilities provider’s stock valued at $371,000 after acquiring an additional 86 shares during the period. Aptus Capital Advisors LLC raised its position in shares of DTE Energy by 3.7% in the 2nd quarter. Aptus Capital Advisors LLC now owns 2,632 shares of the utilities provider’s stock worth $292,000 after acquiring an additional 94 shares in the last quarter. ASB Consultores LLC lifted its stake in shares of DTE Energy by 4.9% during the 2nd quarter. ASB Consultores LLC now owns 2,179 shares of the utilities provider’s stock worth $242,000 after purchasing an additional 101 shares during the last quarter. Finally, S.A. Mason LLC boosted its position in DTE Energy by 10.5% during the second 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 1.0 %

DTE Energy stock opened at $121.68 on Wednesday. The stock has a 50-day moving average price of $124.74 and a 200 day moving average price of $119.49. The company has a market capitalization of $25.20 billion, a price-to-earnings ratio of 16.49, a price-to-earnings-growth ratio of 2.22 and a beta of 0.68. DTE Energy has a 52 week low of $101.44 and a 52 week high of $131.66. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 1.76.

Wall Street Analysts Forecast Growth

DTE has been the subject of a number of recent research reports. 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 target price for the company. Wells Fargo & Company increased their target price on shares of DTE Energy from $133.00 to $145.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Scotiabank lifted their price target on shares of DTE Energy from $120.00 to $137.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Mizuho increased their price objective on DTE Energy from $121.00 to $133.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Finally, LADENBURG THALM/SH SH began coverage on DTE Energy in a research note on Wednesday, August 14th. They set a “buy” rating and a $131.00 target price on the stock. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $131.46.

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.