Adams Diversified Equity Fund Inc. Sells 12,700 Shares of DTE Energy (NYSE:DTE)

Adams Diversified Equity Fund Inc. decreased its position in DTE Energy (NYSE:DTE) by 9.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 124,700 shares of the utilities provider’s stock after selling 12,700 shares during the quarter. Adams Diversified Equity Fund Inc. owned approximately 0.06% of DTE Energy worth $16,013,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC bought a new position in shares of DTE Energy during the first quarter valued at $225,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of DTE Energy by 15.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,990 shares of the utilities provider’s stock valued at $1,569,000 after acquiring an additional 1,911 shares in the last quarter. Denali Advisors LLC bought a new position in shares of DTE Energy during the first quarter valued at $34,000. First Trust Direct Indexing L.P. increased its holdings in shares of DTE Energy by 8.2% during the first quarter. First Trust Direct Indexing L.P. now owns 6,949 shares of the utilities provider’s stock valued at $779,000 after acquiring an additional 529 shares in the last quarter. Finally, Retirement Guys Formula LLC increased its holdings in shares of DTE Energy by 194.6% during the first quarter. Retirement Guys Formula LLC now owns 8,299 shares of the utilities provider’s stock valued at $931,000 after acquiring an additional 5,482 shares in the last quarter. Institutional investors own 76.06% of the company’s stock.

DTE Energy Trading Down 2.1 %

Shares of NYSE:DTE opened at $123.93 on Wednesday. The stock has a market capitalization of $25.65 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 2.29 and a beta of 0.67. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.52 and a current ratio of 0.69. The stock’s 50-day simple moving average is $125.86 and its two-hundred day simple moving average is $118.27. DTE Energy has a 52-week low of $92.58 and a 52-week high of $131.66.

Analyst Ratings Changes

DTE has been the subject of several analyst reports. StockNews.com downgraded DTE Energy from a “hold” rating to a “sell” rating in a report on Monday. Jefferies Financial Group began coverage on DTE Energy in a report on Monday, October 21st. They issued a “hold” rating and a $137.00 price objective for the company. Bank of America lifted their price objective on DTE Energy from $131.00 to $136.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Mizuho lifted their price objective on DTE Energy from $121.00 to $133.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Finally, BMO Capital Markets lifted their price objective on DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $131.46.

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.