PNC Financial Services Group Inc. Purchases 3,527 Shares of DTE Energy (NYSE:DTE)

PNC Financial Services Group Inc. lifted its position in DTE Energy (NYSE:DTE) by 6.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 55,980 shares of the utilities provider’s stock after buying an additional 3,527 shares during the period. PNC Financial Services Group Inc.’s holdings in DTE Energy were worth $7,188,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mizuho Securities USA LLC grew its stake 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 buying an additional 7,023,042 shares in the last quarter. Janus Henderson Group PLC increased its stake in DTE Energy by 6,964.9% in the first 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 raised its position in DTE Energy by 42.4% during the second quarter. Millennium Management LLC now owns 543,299 shares of the utilities provider’s stock valued at $60,312,000 after purchasing an additional 161,776 shares in the last quarter. Panagora Asset Management Inc. lifted its stake in DTE Energy by 133.2% during the second quarter. Panagora Asset Management Inc. now owns 248,151 shares of the utilities provider’s stock worth $27,547,000 after purchasing an additional 141,718 shares during the last quarter. Finally, Beck Bode LLC purchased a new position in shares of DTE Energy in the 2nd quarter worth about $13,355,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.

DTE Energy Trading Up 0.5 %

Shares of DTE opened at $124.60 on Friday. DTE Energy has a 1-year low of $102.17 and a 1-year high of $131.66. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76. The firm’s 50-day moving average price is $124.66 and its 200-day moving average price is $119.67. The firm has a market capitalization of $25.80 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 2.29 and a beta of 0.68.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on DTE shares. Jefferies Financial Group started coverage on DTE Energy in a research report on Monday, October 21st. They issued a “hold” rating and a $137.00 target price for the company. Morgan Stanley cut their price objective on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating for the company in a research note on Friday. KeyCorp lifted their target price on shares of DTE Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. LADENBURG THALM/SH SH initiated coverage on shares of DTE Energy in a research report on Wednesday, August 14th. They set a “buy” rating and a $131.00 price target for the company. Finally, StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.