Robeco Institutional Asset Management B.V. Invests $1.39 Million in DTE Energy (NYSE:DTE)

Robeco Institutional Asset Management B.V. purchased a new position in shares of DTE Energy (NYSE:DTE) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,847 shares of the utilities provider’s stock, valued at approximately $1,393,000.

Other hedge funds have also modified their holdings of the company. ESL Trust Services LLC purchased a new position in shares of DTE Energy during the 1st quarter worth $27,000. Ridgewood Investments LLC purchased a new position in DTE Energy during the 2nd quarter valued at about $31,000. Fairscale Capital LLC purchased a new position in DTE Energy during the 2nd quarter valued at about $54,000. Carmichael Hill & Associates Inc. boosted its holdings in DTE Energy by 47.5% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 497 shares of the utilities provider’s stock valued at $64,000 after acquiring an additional 160 shares during the period. Finally, Chilton Capital Management LLC purchased a new position in DTE Energy during the 2nd quarter valued at about $56,000. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DTE. Jefferies Financial Group began coverage on DTE Energy in a report on Monday, October 21st. They set a “hold” rating and a $137.00 target price for the company. Scotiabank raised their target price on DTE Energy from $120.00 to $137.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Wells Fargo & Company raised their target price on DTE Energy from $133.00 to $145.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Morgan Stanley raised their target price on DTE Energy from $121.00 to $128.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Finally, StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, DTE Energy presently has an average rating of “Moderate Buy” and an average price target of $131.46.

DTE Energy Price Performance

Shares of NYSE DTE opened at $117.80 on Friday. The stock’s 50-day simple moving average is $125.42 and its 200-day simple moving average is $118.94. The firm has a market capitalization of $24.40 billion, a PE ratio of 15.96, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.83. DTE Energy has a fifty-two week low of $97.43 and a fifty-two week high of $131.66.

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.