Allspring Global Investments Holdings LLC lessened its position in shares of DTE Energy (NYSE:DTE – Free Report) by 0.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 156,121 shares of the utilities provider’s stock after selling 849 shares during the period. Allspring Global Investments Holdings LLC’s holdings in DTE Energy were worth $20,047,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of DTE. Wealthcare Advisory Partners LLC acquired a new position in DTE Energy in the 1st quarter worth about $225,000. Procyon Advisors LLC purchased a new position in shares of DTE Energy during the 1st quarter valued at approximately $1,032,000. Wealth Enhancement Advisory Services LLC raised its position in DTE Energy by 15.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,990 shares of the utilities provider’s stock worth $1,569,000 after acquiring an additional 1,911 shares during the period. Foguth Wealth Management LLC. purchased a new position in DTE Energy during the first quarter valued at $255,000. Finally, Founders Financial Securities LLC purchased a new stake in shares of DTE Energy during the first quarter worth about $802,000. 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 $129.74 on Friday. The company has a market capitalization of $26.85 billion, a price-to-earnings ratio of 21.23, a PEG ratio of 2.29 and a beta of 0.67. DTE Energy has a 12-month low of $92.58 and a 12-month high of $131.66. The business has a 50-day moving average price of $125.52 and a 200 day moving average price of $117.67. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73.
Analysts Set New Price Targets
Several equities research analysts have commented on the company. Morgan Stanley boosted their price objective on DTE Energy from $121.00 to $128.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. BMO Capital Markets increased their target price on shares of DTE Energy from $135.00 to $140.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Mizuho boosted their price target on shares of DTE Energy from $121.00 to $133.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. StockNews.com raised shares of DTE Energy from a “sell” rating to a “hold” rating in a research note on Sunday, August 11th. Finally, Scotiabank increased their price target on DTE Energy from $120.00 to $137.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $130.54.
Read Our Latest Research Report on DTE
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.
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