Crossmark Global Holdings Inc. Reduces Stake in DTE Energy (NYSE:DTE)

Crossmark Global Holdings Inc. lowered its holdings in DTE Energy (NYSE:DTE) by 5.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 8,427 shares of the utilities provider’s stock after selling 452 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in DTE Energy were worth $1,082,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. ESL Trust Services LLC purchased a new stake in DTE Energy in the 1st quarter worth approximately $27,000. Ridgewood Investments LLC purchased a new stake in DTE Energy in the 2nd quarter worth approximately $31,000. Fairscale Capital LLC purchased a new stake in DTE Energy in the 2nd quarter worth approximately $54,000. Carmichael Hill & Associates Inc. lifted its stake in shares of DTE Energy by 47.5% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 497 shares of the utilities provider’s stock valued at $64,000 after purchasing an additional 160 shares during the period. Finally, Chilton Capital Management LLC purchased a new position in shares of DTE Energy in the 2nd quarter valued at approximately $56,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DTE. Morgan Stanley raised their target price on DTE Energy from $121.00 to $128.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th. Barclays raised their target price on DTE Energy from $128.00 to $137.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Bank of America raised their target price on DTE Energy from $131.00 to $136.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Finally, Mizuho raised their target price on DTE Energy from $121.00 to $133.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $131.46.

DTE Energy Stock Up 0.6 %

DTE Energy stock opened at $119.37 on Friday. The firm has a market cap of $24.72 billion, a price-to-earnings ratio of 16.07, a PEG ratio of 2.17 and a beta of 0.68. The stock has a fifty day simple moving average of $125.05 and a two-hundred day simple moving average of $119.18. DTE Energy has a 12 month low of $101.25 and a 12 month 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.

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.