Chevy Chase Trust Holdings LLC Sells 2,206 Shares of DTE Energy (NYSE:DTE)

Chevy Chase Trust Holdings LLC lowered its stake in shares of DTE Energy (NYSE:DTE) by 1.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 110,995 shares of the utilities provider’s stock after selling 2,206 shares during the quarter. Chevy Chase Trust Holdings LLC owned approximately 0.05% of DTE Energy worth $14,253,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Prospera Private Wealth LLC bought a new position in DTE Energy during the third quarter worth about $35,000. Ashton Thomas Securities LLC bought a new position in DTE Energy during the third quarter worth about $35,000. Ridgewood Investments LLC bought a new position in DTE Energy during the second quarter worth about $31,000. Coastline Trust Co bought a new position in DTE Energy during the third quarter worth about $39,000. Finally, Fairscale Capital LLC bought a new position in DTE Energy during the second quarter worth about $54,000. Institutional investors own 76.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Wells Fargo & Company increased their target price on shares of DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. KeyCorp downgraded shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a report on Wednesday. UBS Group raised shares of DTE Energy from a “neutral” rating to a “buy” rating and increased their price target for the stock from $129.00 to $143.00 in a report on Tuesday. Morgan Stanley lowered their price target on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. Finally, Mizuho increased their price target on shares of DTE Energy from $121.00 to $133.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, DTE Energy has an average rating of “Moderate Buy” and an average target price of $133.54.

DTE Energy Trading Down 0.6 %

Shares of DTE opened at $122.26 on Thursday. The firm’s 50 day simple moving average is $124.56 and its 200 day simple moving average is $120.16. The company has a market capitalization of $25.32 billion, a P/E ratio of 16.57, a P/E/G ratio of 2.28 and a beta of 0.68. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.83 and a quick ratio of 0.62. DTE Energy has a 1-year low of $102.17 and a 1-year high of $131.66.

DTE Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th will be paid a dividend of $1.09 per share. This is an increase from DTE Energy’s previous quarterly dividend of $1.02. This represents a $4.36 annualized dividend and a dividend yield of 3.57%. DTE Energy’s dividend payout ratio (DPR) is 55.28%.

DTE Energy Company 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.