Thrivent Financial for Lutherans Sells 806 Shares of DTE Energy (NYSE:DTE)

Thrivent Financial for Lutherans trimmed its holdings in shares of DTE Energy (NYSE:DTE) by 0.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,868 shares of the utilities provider’s stock after selling 806 shares during the period. Thrivent Financial for Lutherans’ holdings in DTE Energy were worth $11,026,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DTE. Bessemer Group Inc. boosted its stake in shares of DTE Energy by 11.4% during the first quarter. Bessemer Group Inc. now owns 2,047 shares of the utilities provider’s stock valued at $229,000 after purchasing an additional 209 shares in the last quarter. Axxcess Wealth Management LLC lifted its position in shares of DTE Energy by 16.9% during the first quarter. Axxcess Wealth Management LLC now owns 10,777 shares of the utilities provider’s stock valued at $1,209,000 after buying an additional 1,557 shares during the last quarter. Advisors Asset Management Inc. lifted its position in DTE Energy by 70.9% during the first quarter. Advisors Asset Management Inc. now owns 6,753 shares of the utilities provider’s stock valued at $757,000 after acquiring an additional 2,801 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in DTE Energy by 12.6% in the first quarter. Canada Pension Plan Investment Board now owns 381,985 shares of the utilities provider’s stock valued at $42,836,000 after acquiring an additional 42,635 shares in the last quarter. Finally, Lazard Asset Management LLC grew its holdings in DTE Energy by 37,250.0% in the first quarter. Lazard Asset Management LLC now owns 2,988 shares of the utilities provider’s stock worth $334,000 after purchasing an additional 2,980 shares during the last quarter. 76.06% of the stock is currently owned by institutional investors.

DTE Energy Stock Up 1.4 %

Shares of NYSE DTE opened at $123.86 on Friday. DTE Energy has a 52-week low of $102.17 and a 52-week high of $131.66. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 1.76. The company’s 50-day simple moving average is $124.69 and its 200-day simple moving average is $119.54. The firm has a market cap of $25.65 billion, a price-to-earnings ratio of 16.78, a price-to-earnings-growth ratio of 2.24 and a beta of 0.68.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. BMO Capital Markets raised their price objective on DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. KeyCorp raised their price target 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. Jefferies Financial Group initiated coverage on shares of DTE Energy in a report on Monday, October 21st. They issued a “hold” rating and a $137.00 price objective on the stock. Mizuho raised their target price on shares of DTE Energy from $121.00 to $133.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Finally, Scotiabank upped their price target on shares of DTE Energy from $120.00 to $137.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company 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.