Mutual of America Capital Management LLC Has $4.02 Million Position in DTE Energy (NYSE:DTE)

Mutual of America Capital Management LLC lessened its stake in shares of DTE Energy (NYSE:DTE) by 2.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 31,295 shares of the utilities provider’s stock after selling 784 shares during the period. Mutual of America Capital Management LLC’s holdings in DTE Energy were worth $4,019,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Canada Pension Plan Investment Board increased its stake in DTE Energy by 12.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 381,985 shares of the utilities provider’s stock valued at $42,836,000 after purchasing an additional 42,635 shares in the last quarter. Cetera Advisors LLC bought a new stake in DTE Energy during the 1st quarter valued at $708,000. Cetera Investment Advisers increased its stake in DTE Energy by 242.0% during the 1st quarter. Cetera Investment Advisers now owns 29,306 shares of the utilities provider’s stock valued at $3,286,000 after purchasing an additional 20,737 shares in the last quarter. Magnetar Financial LLC bought a new stake in DTE Energy during the 1st quarter valued at $756,000. Finally, Bank of Montreal Can increased its stake in DTE Energy by 19.0% during the 2nd quarter. Bank of Montreal Can now owns 269,031 shares of the utilities provider’s stock valued at $30,220,000 after purchasing an additional 42,960 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on DTE shares. Mizuho upped their target price on shares of DTE Energy from $121.00 to $133.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Bank of America boosted their price target 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. BMO Capital Markets boosted their price target on shares of DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. Scotiabank boosted 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. Finally, KeyCorp boosted their price target on shares of DTE Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $131.46.

DTE Energy Price Performance

NYSE DTE opened at $123.86 on Friday. DTE Energy has a 52 week low of $102.17 and a 52 week high of $131.66. The firm has a market capitalization of $25.65 billion, a P/E ratio of 16.78, a PEG ratio of 2.24 and a beta of 0.68. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 1.76. The company has a 50-day moving average price of $124.69 and a 200-day moving average price of $119.54.

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.