Sumitomo Mitsui DS Asset Management Company Ltd Has $3.02 Million Position in DTE Energy (NYSE:DTE)

Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of DTE Energy (NYSE:DTE) by 14.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 23,480 shares of the utilities provider’s stock after purchasing an additional 3,000 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in DTE Energy were worth $3,015,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. UniSuper Management Pty Ltd lifted its holdings in shares of DTE Energy by 407.3% during the first quarter. UniSuper Management Pty Ltd now owns 10,715 shares of the utilities provider’s stock worth $1,202,000 after buying an additional 8,603 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in DTE Energy by 9.9% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 124,264 shares of the utilities provider’s stock valued at $13,934,000 after purchasing an additional 11,218 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in DTE Energy by 6.5% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 229,495 shares of the utilities provider’s stock valued at $25,139,000 after purchasing an additional 14,022 shares during the period. Canada Pension Plan Investment Board grew its position in DTE Energy by 12.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 381,985 shares of the utilities provider’s stock worth $42,836,000 after purchasing an additional 42,635 shares during the last quarter. Finally, Founders Financial Securities LLC bought a new position in shares of DTE Energy during the 1st quarter worth about $802,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on DTE shares. KeyCorp lifted their target price on DTE Energy from $130.00 to $136.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Barclays boosted their price objective on DTE Energy from $128.00 to $137.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a research report on Sunday, August 11th. Scotiabank boosted their price target on shares of DTE Energy from $120.00 to $137.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Finally, Wells Fargo & Company raised their price objective on shares of DTE Energy from $125.00 to $133.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, DTE Energy currently has an average rating of “Moderate Buy” and an average price target of $129.83.

DTE Energy Price Performance

Shares of DTE Energy stock opened at $128.90 on Monday. The stock has a market capitalization of $26.67 billion, a price-to-earnings ratio of 21.10, a P/E/G ratio of 2.29 and a beta of 0.67. The firm’s 50-day moving average price is $125.08 and its two-hundred day moving average price is $117.32. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73. DTE Energy has a 1-year low of $92.58 and a 1-year high of $129.53.

DTE Energy (NYSE:DTE) last released its quarterly earnings results on Thursday, July 25th. The utilities provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.22. DTE Energy had a return on equity of 12.18% and a net margin of 11.18%. The business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same period in the prior year, the company earned $0.99 EPS. On average, equities analysts predict that DTE Energy will post 6.7 earnings per share for the current fiscal year.

DTE Energy 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.