Jennison Associates LLC Sells 39,450 Shares of DTE Energy (NYSE:DTE)

Jennison Associates LLC decreased its position in shares of DTE Energy (NYSE:DTE) by 4.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 758,303 shares of the utilities provider’s stock after selling 39,450 shares during the period. Jennison Associates LLC owned approximately 0.37% of DTE Energy worth $97,374,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Mizuho Securities USA LLC raised its position in DTE Energy by 44,009.5% in the 3rd quarter. Mizuho Securities USA LLC now owns 7,039,000 shares of the utilities provider’s stock worth $903,878,000 after purchasing an additional 7,023,042 shares during the period. Janus Henderson Group PLC grew its position 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 acquiring an additional 2,060,762 shares during the last quarter. Millennium Management LLC grew its holdings in shares of DTE Energy by 42.4% in the second quarter. Millennium Management LLC now owns 543,299 shares of the utilities provider’s stock worth $60,312,000 after purchasing an additional 161,776 shares during the last quarter. Panagora Asset Management Inc. lifted its holdings in DTE Energy by 133.2% during the 2nd quarter. Panagora Asset Management Inc. now owns 248,151 shares of the utilities provider’s stock valued at $27,547,000 after buying an additional 141,718 shares in the last quarter. Finally, Beck Bode LLC purchased a new stake in DTE Energy in the 2nd quarter valued at about $13,355,000. Institutional investors own 76.06% of the company’s stock.

Analyst Upgrades and Downgrades

DTE has been the subject of a number of research reports. LADENBURG THALM/SH SH started coverage on DTE Energy in a report on Wednesday, August 14th. They issued a “buy” rating and a $131.00 price target for the company. Jefferies Financial Group initiated coverage on DTE Energy in a research note on Monday, October 21st. They set a “hold” rating and a $137.00 price target on the stock. BMO Capital Markets increased their target price 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 company a “sector outperform” rating in a report on Tuesday, August 20th. Finally, Wells Fargo & Company increased their price objective on shares of DTE Energy from $133.00 to $145.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $131.46.

DTE Energy Price Performance

Shares of NYSE DTE opened at $122.17 on Thursday. DTE Energy has a fifty-two week low of $102.07 and a fifty-two week high of $131.66. The company has a market cap of $25.30 billion, a PE ratio of 16.55, a P/E/G ratio of 2.22 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. The business has a 50-day simple moving average of $124.70 and a two-hundred day simple moving average of $119.51.

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.