Cerity Partners LLC Sells 54,074 Shares of DTE Energy (NYSE:DTE)

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

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Prospera Private Wealth LLC acquired a new position in DTE Energy during the 3rd quarter worth $35,000. Ashton Thomas Securities LLC acquired a new position in shares of DTE Energy during the 3rd quarter worth about $35,000. Ridgewood Investments LLC bought a new stake in DTE Energy during the 2nd quarter valued at approximately $31,000. Coastline Trust Co acquired a new stake in DTE Energy in the 3rd quarter valued at approximately $39,000. Finally, Fairscale Capital LLC bought a new position in DTE Energy in the 2nd quarter worth approximately $54,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Stock Down 0.2 %

Shares of NYSE:DTE opened at $125.78 on Friday. The company’s fifty day moving average is $124.73 and its 200-day moving average is $120.03. 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 52 week low of $102.17 and a 52 week high of $131.66. The company has a market capitalization of $26.05 billion, a PE ratio of 17.04, a P/E/G ratio of 2.33 and a beta of 0.68.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on DTE shares. Morgan Stanley reduced their price objective on DTE Energy from $131.00 to $128.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. KeyCorp boosted their price objective on shares of DTE Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Bank of America increased their target price on shares of DTE Energy from $131.00 to $136.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. Finally, Barclays lifted their price objective on DTE Energy from $128.00 to $137.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $131.46.

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.