DTE Energy (NYSE:DTE) Shares Sold by Cerity Partners LLC

Cerity Partners LLC lowered its holdings in DTE Energy (NYSE:DTE) by 68.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,540 shares of the utilities provider’s stock after selling 54,074 shares during the period. Cerity Partners LLC’s holdings in DTE Energy were worth $3,151,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in DTE. Prospera Private Wealth LLC acquired a new stake in DTE Energy in the third quarter worth $35,000. Ashton Thomas Securities LLC bought a new stake in DTE Energy in the 3rd quarter valued at about $35,000. Ridgewood Investments LLC acquired a new position in DTE Energy during the 2nd quarter valued at about $31,000. Coastline Trust Co bought a new position in DTE Energy in the 3rd quarter worth about $39,000. Finally, Fairscale Capital LLC acquired a new stake in shares of DTE Energy in the second quarter valued at approximately $54,000. 76.06% of the stock is currently owned by institutional investors and hedge funds.

DTE Energy Trading Down 0.2 %

Shares of NYSE DTE opened at $125.78 on Friday. The firm has a market capitalization of $26.05 billion, a PE ratio of 17.04, a PEG ratio of 2.33 and a beta of 0.68. 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 business has a 50-day moving average price of $124.73 and a two-hundred day moving average price of $120.03. DTE Energy has a one year low of $102.17 and a one year high of $131.66.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th. Mizuho lifted their price objective on shares of DTE Energy from $121.00 to $133.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Wells Fargo & Company increased their target price on shares of DTE Energy from $133.00 to $145.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Scotiabank boosted their price target on shares of DTE Energy from $120.00 to $137.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Finally, Barclays increased their price objective on shares of DTE Energy from $128.00 to $137.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $131.46.

About DTE Energy

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.