Kentucky Retirement Systems Reduces Position in DTE Energy (NYSE:DTE)

Kentucky Retirement Systems lessened its holdings in DTE Energy (NYSE:DTE) by 7.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,422 shares of the utilities provider’s stock after selling 1,172 shares during the quarter. Kentucky Retirement Systems’ holdings in DTE Energy were worth $1,852,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC grew its holdings in DTE Energy by 2.3% during the third quarter. Farther Finance Advisors LLC now owns 3,588 shares of the utilities provider’s stock worth $461,000 after acquiring an additional 81 shares during the period. Signaturefd LLC increased its stake in shares of DTE Energy by 3.1% during the third quarter. Signaturefd LLC now owns 2,889 shares of the utilities provider’s stock worth $371,000 after purchasing an additional 86 shares in the last quarter. Aptus Capital Advisors LLC raised its holdings in shares of DTE Energy by 3.7% during the second quarter. Aptus Capital Advisors LLC now owns 2,632 shares of the utilities provider’s stock valued at $292,000 after acquiring an additional 94 shares during the last quarter. ASB Consultores LLC raised its stake in DTE Energy by 4.9% in the 2nd quarter. ASB Consultores LLC now owns 2,179 shares of the utilities provider’s stock valued at $242,000 after purchasing an additional 101 shares during the last quarter. Finally, TIAA Trust National Association raised its position in shares of DTE Energy by 2.9% in the first quarter. TIAA Trust National Association now owns 3,771 shares of the utilities provider’s stock valued at $423,000 after buying an additional 106 shares during the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

Analyst Upgrades and Downgrades

DTE has been the subject of several recent research reports. BMO Capital Markets increased their price target on DTE Energy from $135.00 to $140.00 and gave the company a “market perform” rating in a report on Friday, October 18th. LADENBURG THALM/SH SH initiated coverage on shares of DTE Energy in a research note on Wednesday, August 14th. They issued a “buy” rating and a $131.00 price target on the stock. Morgan Stanley increased their target price on DTE Energy from $121.00 to $128.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Barclays increased their target price on shares of DTE Energy from $128.00 to $137.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Finally, Jefferies Financial Group began coverage on DTE Energy in a research report on Monday, October 21st. They issued a “hold” rating and a $137.00 price target on the stock. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $131.46.

DTE Energy Price Performance

DTE stock opened at $120.09 on Monday. The business has a 50 day simple moving average of $124.90 and a 200-day simple moving average of $119.37. DTE Energy has a twelve month low of $101.44 and a twelve month high of $131.66. The company has a market capitalization of $24.87 billion, a P/E ratio of 16.27, a PEG ratio of 2.22 and a beta of 0.68. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76.

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.