Huntington National Bank Decreases Stock Position in DTE Energy (NYSE:DTE)

Huntington National Bank trimmed its position in shares of DTE Energy (NYSE:DTE) by 13.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,818 shares of the utilities provider’s stock after selling 2,563 shares during the quarter. Huntington National Bank’s holdings in DTE Energy were worth $2,031,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its stake in DTE Energy by 2.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,588 shares of the utilities provider’s stock worth $461,000 after purchasing an additional 81 shares during the last quarter. Signaturefd LLC boosted its position in DTE Energy by 3.1% during the third quarter. Signaturefd LLC now owns 2,889 shares of the utilities provider’s stock worth $371,000 after acquiring an additional 86 shares during the last quarter. Aptus Capital Advisors LLC grew its stake in DTE Energy by 3.7% during the 2nd quarter. Aptus Capital Advisors LLC now owns 2,632 shares of the utilities provider’s stock valued at $292,000 after acquiring an additional 94 shares in the last quarter. ASB Consultores LLC raised its holdings in DTE Energy by 4.9% in the 2nd quarter. ASB Consultores LLC now owns 2,179 shares of the utilities provider’s stock valued at $242,000 after acquiring an additional 101 shares during the last quarter. Finally, TIAA Trust National Association lifted its stake in DTE Energy by 2.9% in the 1st quarter. TIAA Trust National Association now owns 3,771 shares of the utilities provider’s stock worth $423,000 after purchasing an additional 106 shares in the last quarter. 76.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Barclays upped their price target on DTE Energy from $128.00 to $137.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Bank of America upped their target price on DTE Energy from $131.00 to $136.00 and gave the company a “buy” rating in a report on Thursday, August 29th. LADENBURG THALM/SH SH assumed coverage on DTE Energy in a report on Wednesday, August 14th. They set a “buy” rating and a $131.00 price target on the stock. Morgan Stanley upped their price objective on shares of DTE Energy from $121.00 to $128.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Finally, Jefferies Financial Group started coverage on shares of DTE Energy in a research note on Monday, October 21st. They set a “hold” rating and a $137.00 target price on the stock. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $131.46.

DTE Energy Stock Performance

Shares of DTE stock opened at $120.09 on Friday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.83. The firm has a market cap of $24.87 billion, a P/E ratio of 16.27, a P/E/G ratio of 2.19 and a beta of 0.68. The firm’s 50 day moving average price is $124.96 and its 200-day moving average price is $119.18. DTE Energy has a one year low of $101.44 and a one year high of $131.66.

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.