Investors are more bearish on shares of the company lately as evidenced by the rise in short interest. The firm saw a rise in short interest of 10.66% between October 13, 2017 and October 31, 2017. Short interest grew from 3,655,080 to 4,044,631 over that timeframe. With short interest at 4,044,631 and short average daily volume at 1,244,359, days to cover is 3.0 and the percentage of shorted shares was 0.02% on October 31.
Additionally, here are a few investment firms who have increased or decreased their stake in (DTE). As of quarter end Commonwealth Of Pennsylvania Public School Empls Retrmt SYS had acquired a total of 1,262 shares growing its position 9.5%. The value of the company’s investment in Dte Energy Company increased from $1,410,000 to $1,566,000 a change of $156,000 quarter over quarter. As of the end of the quarter Great Lakes Advisors, LLC had bought 1,105 shares growing its stake by 6.9%. The value of the total investment in Dte Energy Company went from $1,706,000 to $1,850,000 a change of 8.4% for the reporting period.
Omers Administration Corp expanded its investment by buying 13,500 shares an increase of 65.5% in the quarter. Omers Administration Corp owns 34,100 shares with a value of $3,661,000. The value of the position overall is up by 68.0%. As of the end of the quarter Raymond James & Associates had acquired 2,986 shares growing its holdings by 5.2%. The value in dollars increased from $6,115,000 to $6,526,000 increasing 6.7% since the last quarter.
Credit Suisse Group lowered the price target of the stock on October 26 changing the forecast from $113.00 to $112.00 and stated a “Neutral” rating. On October 24, 2017 Bank of America Corporation updated its forecast on DTE with a rating of “Underperform”.
On August 29 Jefferies Group LLC maintained a company rating of “Buy” with a current price target of $121.00. August 27 investment analysts at KeyCorp kept the company rating at “Buy” targeting a price of $113.00.
On July 28 BMO Capital Markets held the stock rating at “Hold” projecting a price of $111.00.
The company is trading down by 0.72% since yesterday’s close of 115.6. The P/E ratio is 20.98 and the market value is 20.59B. As of the latest earnings report the EPS was $5.47 with 179.39M shares currently outstanding.
DTE Energy Company (DTE Energy), launched on January 26, 1995, is an energy company. The Business’s segments include Electric, Gas, Gas Storage and Pipelines, Power and Industrial Projects, Energy Trading, and Corporate and Other. DTE Energy’s utility operations consist of DTE Electric Company (DTE Electric) and DTE Gas Company (DTE Gas). DTE Energy also has three other segments that are engaged in a range of energy-related businesses. DTE Energy’s other businesses are involved in natural gas pipelines, gathering and storage; power and industrial projects, and energy marketing and trading operations..