DTE Energy (NYSE:DTE) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in DTE Energy (NYSE:DTE) by 3.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 64,124 shares of the utilities provider’s stock after acquiring an additional 1,970 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in DTE Energy were worth $8,234,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Mizuho Securities USA LLC grew its position in shares of DTE Energy by 44,009.5% in the third quarter. Mizuho Securities USA LLC now owns 7,039,000 shares of the utilities provider’s stock valued at $903,878,000 after purchasing an additional 7,023,042 shares during the period. Ameriprise Financial Inc. lifted its stake in DTE Energy by 1.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,557,309 shares of the utilities provider’s stock valued at $616,938,000 after buying an additional 86,205 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in DTE Energy by 3.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,667,111 shares of the utilities provider’s stock worth $185,066,000 after buying an additional 59,811 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of DTE Energy by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,274,837 shares of the utilities provider’s stock valued at $163,702,000 after acquiring an additional 14,937 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of DTE Energy by 10.1% in the second quarter. Dimensional Fund Advisors LP now owns 730,283 shares of the utilities provider’s stock valued at $81,071,000 after acquiring an additional 67,086 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Stock Performance

NYSE DTE opened at $125.78 on Monday. The stock has a fifty day simple moving average of $124.73 and a 200-day simple moving average of $120.06. 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 stock has a market cap of $26.05 billion, a PE ratio of 17.04, a P/E/G ratio of 2.32 and a beta of 0.68. DTE Energy has a twelve month low of $102.17 and a twelve month high of $131.66.

Analyst Ratings Changes

Several brokerages recently commented on DTE. Scotiabank boosted their price target on DTE Energy from $120.00 to $137.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. BMO Capital Markets raised their price target on shares of DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. Mizuho upped their price objective on shares of DTE Energy from $121.00 to $133.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. KeyCorp raised their target price on shares of DTE Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Finally, Jefferies Financial Group initiated coverage on DTE Energy in a report on Monday, October 21st. They set a “hold” rating and a $137.00 target price on the stock. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $131.46.

DTE Energy Company 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.