Mirae Asset Global Investments Co. Ltd. Has $1.71 Million Holdings in DTE Energy (NYSE:DTE)

Mirae Asset Global Investments Co. Ltd. grew its position in shares of DTE Energy (NYSE:DTE) by 47.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,416 shares of the utilities provider’s stock after purchasing an additional 4,340 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in DTE Energy were worth $1,709,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital Research Global Investors lifted its holdings 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 buying an additional 261,623 shares during the period. Ameriprise Financial Inc. raised its position in shares of DTE Energy by 1.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,557,309 shares of the utilities provider’s stock worth $616,938,000 after acquiring an additional 86,205 shares in the last quarter. Clearbridge Investments LLC lifted its stake in shares of DTE Energy by 224.7% in the 1st quarter. Clearbridge Investments LLC now owns 2,538,106 shares of the utilities provider’s stock valued at $284,623,000 after purchasing an additional 1,756,459 shares during the period. Janus Henderson Group PLC boosted its position in shares of 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 in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in DTE Energy by 3.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,667,111 shares of the utilities provider’s stock worth $185,066,000 after purchasing an additional 59,811 shares during the period. Institutional investors and hedge funds own 76.06% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. StockNews.com lowered DTE Energy from a “hold” rating to a “sell” rating in a research note on Monday. Scotiabank upped their price objective 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. KeyCorp lifted their price objective on shares of DTE Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Bank of America upped their target price on shares of DTE Energy from $131.00 to $136.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Finally, Wells Fargo & Company increased their price objective on DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given 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.

DTE Energy Trading Up 0.1 %

NYSE:DTE opened at $124.21 on Friday. The firm’s 50 day moving average is $125.89 and its 200 day moving average is $118.36. DTE Energy has a 12 month low of $92.58 and a 12 month high of $131.66. The stock has a market capitalization of $25.72 billion, a PE ratio of 16.83, a price-to-earnings-growth ratio of 2.29 and a beta of 0.67. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73.

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.