BNP Paribas Arbitrage SNC Raises Stock Holdings in DTE Energy (NYSE:DTE)

BNP Paribas Arbitrage SNC boosted its holdings in DTE Energy (NYSE:DTEFree Report) by 16.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 148,473 shares of the utilities provider’s stock after purchasing an additional 20,515 shares during the period. BNP Paribas Arbitrage SNC’s holdings in DTE Energy were worth $16,335,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DTE. Millennium Management LLC lifted its holdings in DTE Energy by 224.8% during the 4th quarter. Millennium Management LLC now owns 2,379,882 shares of the utilities provider’s stock worth $279,708,000 after buying an additional 1,647,053 shares during the last quarter. Vanguard Group Inc. lifted its holdings in DTE Energy by 6.6% during the 1st quarter. Vanguard Group Inc. now owns 23,028,699 shares of the utilities provider’s stock worth $3,044,624,000 after buying an additional 1,420,586 shares during the last quarter. Neuberger Berman Group LLC lifted its holdings in DTE Energy by 38.6% during the 1st quarter. Neuberger Berman Group LLC now owns 3,456,061 shares of the utilities provider’s stock worth $378,506,000 after buying an additional 962,628 shares during the last quarter. Morgan Stanley lifted its holdings in DTE Energy by 34.8% during the 4th quarter. Morgan Stanley now owns 2,045,650 shares of the utilities provider’s stock worth $240,425,000 after buying an additional 527,592 shares during the last quarter. Finally, Pictet Asset Management SA lifted its holdings in DTE Energy by 20.4% during the 1st quarter. Pictet Asset Management SA now owns 2,600,451 shares of the utilities provider’s stock worth $284,853,000 after buying an additional 440,056 shares during the last quarter. Hedge funds and other institutional investors own 74.72% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on DTE shares. BMO Capital Markets reduced their target price on DTE Energy from $109.00 to $107.00 and set a “market perform” rating on the stock in a report on Friday, November 3rd. Morgan Stanley dropped their price target on DTE Energy from $118.00 to $111.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 25th. Guggenheim dropped their price target on DTE Energy from $110.00 to $103.00 and set a “buy” rating on the stock in a research report on Friday, November 3rd. TheStreet cut DTE Energy from a “b-” rating to a “c+” rating in a research report on Friday, October 20th. Finally, Mizuho dropped their price target on DTE Energy from $121.00 to $106.00 and set a “buy” rating on the stock in a research report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, DTE Energy currently has an average rating of “Moderate Buy” and a consensus price target of $80.21.

Read Our Latest Analysis on DTE Energy

DTE Energy Stock Up 0.3 %

DTE opened at $103.60 on Friday. DTE Energy has a 12 month low of $90.14 and a 12 month high of $122.40. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.85 and a quick ratio of 0.57. The stock has a market cap of $21.37 billion, a P/E ratio of 17.12, a P/E/G ratio of 2.95 and a beta of 0.64. The stock’s 50 day moving average price is $99.88 and its 200 day moving average price is $106.21.

DTE Energy (NYSE:DTEGet Free Report) last issued its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($0.23). DTE Energy had a net margin of 8.99% and a return on equity of 9.85%. The firm had revenue of $2.89 billion for the quarter, compared to analyst estimates of $3.96 billion. During the same quarter last year, the business posted $1.60 earnings per share. As a group, research analysts predict that DTE Energy will post 5.77 earnings per share for the current year.

About DTE Energy

(Free Report)

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.3 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets.

Featured Stories

Want to see what other hedge funds are holding DTE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DTE Energy (NYSE:DTEFree Report).

Institutional Ownership by Quarter for DTE Energy (NYSE:DTE)

Receive News & Ratings for DTE Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DTE Energy and related companies with MarketBeat.com's FREE daily email newsletter.