Amalgamated Bank Sells 1,345 Shares of DTE Energy (NYSE:DTE)

Amalgamated Bank decreased its stake in shares of DTE Energy (NYSE:DTE) by 3.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 40,662 shares of the utilities provider’s stock after selling 1,345 shares during the quarter. Amalgamated Bank’s holdings in DTE Energy were worth $5,221,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. UniSuper Management Pty Ltd raised its holdings in DTE Energy by 407.3% in the 1st quarter. UniSuper Management Pty Ltd now owns 10,715 shares of the utilities provider’s stock valued at $1,202,000 after acquiring an additional 8,603 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of DTE Energy by 9.9% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 124,264 shares of the utilities provider’s stock valued at $13,934,000 after purchasing an additional 11,218 shares during the period. State Board of Administration of Florida Retirement System raised its stake in shares of DTE Energy by 6.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 229,495 shares of the utilities provider’s stock valued at $25,139,000 after purchasing an additional 14,022 shares in the last quarter. Canada Pension Plan Investment Board lifted its position 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 worth $42,836,000 after purchasing an additional 42,635 shares during the period. Finally, Cetera Advisors LLC acquired a new stake in DTE Energy during the first quarter worth $708,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Trading Down 3.7 %

Shares of NYSE DTE opened at $117.03 on Friday. DTE Energy has a 1-year low of $97.31 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 company has a 50-day moving average of $125.71 and a two-hundred day moving average of $118.90. The company has a market cap of $24.24 billion, a PE ratio of 15.91, a P/E/G ratio of 2.20 and a beta of 0.68.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Bank of America increased their price objective on shares of DTE Energy from $131.00 to $136.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Barclays raised their price target on shares of DTE Energy from $128.00 to $137.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. LADENBURG THALM/SH SH assumed coverage on DTE Energy in a research note on Wednesday, August 14th. They issued a “buy” rating and a $131.00 price objective on the stock. BMO Capital Markets increased their target price on DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. Finally, Morgan Stanley lifted their price objective on DTE Energy from $121.00 to $128.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, DTE Energy currently has a consensus rating of “Moderate Buy” and an average price target 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.