Glenmede Trust Co. NA Sells 2,758 Shares of DTE Energy (NYSE:DTE)

Glenmede Trust Co. NA cut its holdings in DTE Energy (NYSE:DTE) by 1.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 252,071 shares of the utilities provider’s stock after selling 2,758 shares during the quarter. Glenmede Trust Co. NA’s holdings in DTE Energy were worth $32,368,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Mizuho Securities USA LLC grew its stake in DTE Energy by 44,009.5% in the third quarter. Mizuho Securities USA LLC now owns 7,039,000 shares of the utilities provider’s stock valued at $903,878,000 after acquiring an additional 7,023,042 shares during the period. Ameriprise Financial Inc. boosted its stake in DTE Energy by 1.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,557,309 shares of the utilities provider’s stock valued at $616,938,000 after purchasing an additional 86,205 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of DTE Energy by 3.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,667,111 shares of the utilities provider’s stock worth $185,066,000 after purchasing an additional 59,811 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of DTE Energy by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,274,837 shares of the utilities provider’s stock valued at $163,702,000 after purchasing an additional 14,937 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in DTE Energy by 10.1% during the second quarter. Dimensional Fund Advisors LP now owns 730,283 shares of the utilities provider’s stock worth $81,071,000 after buying an additional 67,086 shares in the last quarter. 76.06% of the stock is currently owned by institutional investors.

DTE Energy Trading Up 0.5 %

DTE Energy stock opened at $126.08 on Thursday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.83. DTE Energy has a fifty-two week low of $102.17 and a fifty-two week high of $131.66. The stock has a market cap of $26.11 billion, a P/E ratio of 17.08, a PEG ratio of 2.31 and a beta of 0.68. The firm’s fifty day moving average price is $124.66 and its 200-day moving average price is $119.88.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on DTE shares. Wells Fargo & Company increased their price target 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. Jefferies Financial Group began coverage on shares of DTE Energy in a report on Monday, October 21st. They issued a “hold” rating and a $137.00 price target on the stock. Scotiabank raised their target price on DTE Energy from $120.00 to $137.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Mizuho upped their price target on DTE Energy from $121.00 to $133.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Finally, Morgan Stanley cut their target price on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, DTE Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.46.

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.