Public Sector Pension Investment Board Trimmed Its Dte Energy Co (DTE) Holding; Franklin Resources Has Trimmed Pinnacle Finl Partners (PNFP) Holding By $10.70 Million

January 17, 2018 - By Clifton Ray

Franklin Resources Inc decreased Pinnacle Finl Partners Inc (PNFP) stake by 9.42% reported in 2017Q3 SEC filing. Franklin Resources Inc sold 162,119 shares as Pinnacle Finl Partners Inc (PNFP)’s stock declined 14.16%. The Franklin Resources Inc holds 1.56 million shares with $104.33 million value, down from 1.72 million last quarter. Pinnacle Finl Partners Inc now has $5.03 billion valuation. The stock decreased 4.02% or $2.725 during the last trading session, reaching $65.125. About 1.27 million shares traded or 206.14% up from the average. Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) has risen 26.22% since January 17, 2017 and is uptrending. It has outperformed by 9.52% the S&P500.

Public Sector Pension Investment Board decreased Dte Energy Co (DTE) stake by 53.42% reported in 2017Q3 SEC filing. Public Sector Pension Investment Board sold 10,830 shares as Dte Energy Co (DTE)’s stock rose 8.06%. The Public Sector Pension Investment Board holds 9,444 shares with $1.01M value, down from 20,274 last quarter. Dte Energy Co now has $18.68B valuation. It closed at $104.14 lastly. It is down 19.61% since January 17, 2017 and is uptrending. It has outperformed by 2.91% the S&P500.

Public Sector Pension Investment Board increased Broadcom Ltd stake by 8,999 shares to 54,833 valued at $13.30 million in 2017Q3. It also upped Barnes Group Inc (NYSE:B) stake by 5,379 shares and now owns 31,215 shares. Schulman A Inc (NASDAQ:SHLM) was raised too.

Since August 2, 2017, it had 0 buys, and 2 sales for $1.47 million activity. 3,632 shares were sold by Stiers Mark W, worth $399,629 on Thursday, August 17. Shares for $1.08 million were sold by Steward Larry E on Wednesday, August 2.

Among 9 analysts covering Dte Energy Company (NYSE:DTE), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Dte Energy Company had 23 analyst reports since July 28, 2015 according to SRatingsIntel. The company was maintained on Wednesday, October 18 by KeyBanc Capital Markets. Jefferies maintained the shares of DTE in report on Friday, April 28 with “Buy” rating. The stock has “Buy” rating by Jefferies on Monday, November 14. UBS maintained DTE Energy Company (NYSE:DTE) rating on Thursday, September 29. UBS has “Buy” rating and $112 target. The firm has “Buy” rating given on Tuesday, November 22 by Bank of America. The stock of DTE Energy Company (NYSE:DTE) earned “Buy” rating by Jefferies on Thursday, July 27. On Monday, January 9 the stock rating was downgraded by UBS to “Neutral”. Credit Suisse initiated the stock with “Neutral” rating in Wednesday, January 25 report. On Wednesday, January 13 the stock rating was upgraded by Barclays Capital to “Overweight”. Jefferies maintained it with “Buy” rating and $121.0 target in Monday, October 16 report.

Analysts await DTE Energy Company (NYSE:DTE) to report earnings on February, 8. They expect $1.21 earnings per share, up 49.38% or $0.40 from last year’s $0.81 per share. DTE’s profit will be $217.07 million for 21.52 P/E if the $1.21 EPS becomes a reality. After $1.48 actual earnings per share reported by DTE Energy Company for the previous quarter, Wall Street now forecasts -18.24% negative EPS growth.

Investors sentiment decreased to 0.96 in 2017 Q3. Its down 0.10, from 1.06 in 2017Q2. It dropped, as 35 investors sold DTE shares while 176 reduced holdings. 44 funds opened positions while 158 raised stakes. 119.85 million shares or 3.77% less from 124.54 million shares in 2017Q2 were reported. Qci Asset Mngmt Ny invested in 100 shares. Ww Asset Incorporated holds 0.06% of its portfolio in DTE Energy Company (NYSE:DTE) for 16,315 shares. Apg Asset Nv accumulated 0.12% or 658,763 shares. State Of New Jersey Common Pension Fund D owns 50,000 shares or 0.02% of their US portfolio. Oakbrook Investments Ltd Co invested in 0.05% or 7,746 shares. M&T Commercial Bank Corporation accumulated 0.01% or 9,611 shares. State Bank Of Nova Scotia owns 31,406 shares for 0.02% of their portfolio. Advisors Asset reported 0.07% in DTE Energy Company (NYSE:DTE). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Mngmt Corporation reported 0.04% of its portfolio in DTE Energy Company (NYSE:DTE). Regal Inv Ltd stated it has 2,105 shares or 0.05% of all its holdings. Westpac Banking reported 0.03% stake. Gemmer Asset Management Limited Com owns 173 shares. Proshare Lc stated it has 0.04% in DTE Energy Company (NYSE:DTE). Moreover, First Republic Inv Management has 0% invested in DTE Energy Company (NYSE:DTE). Brandywine Limited Liability reported 0.11% stake.

Among 13 analysts covering Pinnacle Financial Partners (NASDAQ:PNFP), 7 have Buy rating, 0 Sell and 6 Hold. Therefore 54% are positive. Pinnacle Financial Partners had 31 analyst reports since July 23, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, October 3 by SunTrust. Piper Jaffray maintained Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) on Thursday, November 30 with “Buy” rating. The company was downgraded on Friday, October 20 by Hilliard Lyons. As per Friday, September 11, the company rating was upgraded by Wood. Portales Partners downgraded Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) on Wednesday, July 22 to “Sector Perform” rating. The firm earned “Hold” rating on Tuesday, September 13 by Sandler O’Neill. On Monday, July 27 the stock rating was downgraded by FIG Partners to “Market Perform”. On Tuesday, October 3 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. The firm has “Buy” rating given on Wednesday, January 25 by Sandler O’Neill. The stock has “Equal-Weight” rating by Stephens on Wednesday, January 18.

Since August 22, 2017, it had 0 buys, and 9 selling transactions for $12.25 million activity. TURNER M TERRY had sold 31,171 shares worth $2.09M. The insider Sloan Thomas R sold $989,600. Shares for $201,840 were sold by Samuel Ronald L. The insider MCCABE ROBERT A JR sold $4.71 million. CALLICUTT RICHARD D II had sold 30,000 shares worth $2.02 million on Friday, October 20. CARPENTER HAROLD R also sold $1.19M worth of Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) on Friday, October 20.

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