Teachers Retirement System of The State of Kentucky Has $1.79 Million Position in DTE Energy (NYSE:DTE)

Teachers Retirement System of The State of Kentucky lowered its holdings in DTE Energy (NYSE:DTE) by 2.9% in the second quarter, Holdings Channel.com reports. The firm owned 16,151 shares of the utilities provider’s stock after selling 478 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in DTE Energy were worth $1,793,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of DTE. Janus Henderson Group PLC increased its stake in DTE Energy by 6,964.9% in 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 buying an additional 2,060,762 shares during the period. Clearbridge Investments LLC increased its stake in shares of DTE Energy by 224.7% in the first quarter. Clearbridge Investments LLC now owns 2,538,106 shares of the utilities provider’s stock worth $284,623,000 after acquiring an additional 1,756,459 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of DTE Energy during the fourth quarter worth $74,478,000. Balyasny Asset Management L.P. boosted its position in DTE Energy by 109.1% during the fourth quarter. Balyasny Asset Management L.P. now owns 555,072 shares of the utilities provider’s stock valued at $61,202,000 after purchasing an additional 289,663 shares during the last quarter. Finally, Capital Research Global Investors grew its stake in DTE Energy by 1.2% in the first quarter. Capital Research Global Investors now owns 21,194,653 shares of the utilities provider’s stock valued at $2,376,768,000 after purchasing an additional 261,623 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Stock Down 0.4 %

DTE stock opened at $126.98 on Friday. The stock has a market capitalization of $26.28 billion, a price-to-earnings ratio of 20.78, a price-to-earnings-growth ratio of 2.32 and a beta of 0.67. The company has a 50-day moving average of $123.92 and a two-hundred day moving average of $116.10. DTE Energy has a 52-week low of $90.14 and a 52-week high of $129.53. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.69 and a quick ratio of 0.52.

DTE Energy (NYSE:DTE) last announced its earnings results on Thursday, July 25th. The utilities provider reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.22. The firm had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.65 billion. DTE Energy had a return on equity of 12.18% and a net margin of 11.18%. During the same quarter in the prior year, the company earned $0.99 EPS. As a group, equities research analysts anticipate that DTE Energy will post 6.7 EPS for the current year.

Wall Street Analysts Forecast Growth

DTE has been the subject of several research reports. LADENBURG THALM/SH SH assumed coverage on DTE Energy in a report on Wednesday, August 14th. They set a “buy” rating and a $131.00 price target for the company. Wells Fargo & Company boosted their target price on shares of DTE Energy from $125.00 to $133.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Morgan Stanley increased their price target on shares of DTE Energy from $121.00 to $128.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. StockNews.com upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a report on Sunday, August 11th. Finally, Mizuho increased their target price on shares of DTE Energy from $121.00 to $133.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Five 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, DTE Energy currently has an average rating of “Moderate Buy” and an average target price of $128.67.

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.