Crossmark Global Holdings Inc. Sells 452 Shares of DTE Energy (NYSE:DTE)

Crossmark Global Holdings Inc. lowered its position in DTE Energy (NYSE:DTE) by 5.1% in the 3rd quarter, HoldingsChannel.com reports. The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Legacy Capital Wealth Partners LLC bought a new stake in shares of DTE Energy in the third quarter worth $209,000. Mesirow Financial Investment Management Inc. grew its holdings in shares of DTE Energy by 39.2% in the third quarter. Mesirow Financial Investment Management Inc. now owns 5,166 shares of the utilities provider’s stock worth $663,000 after acquiring an additional 1,454 shares during the period. Atria Investments Inc grew its holdings in shares of DTE Energy by 23.9% in the third quarter. Atria Investments Inc now owns 11,060 shares of the utilities provider’s stock worth $1,420,000 after acquiring an additional 2,137 shares during the period. Assetmark Inc. grew its holdings in shares of DTE Energy by 10.6% in the third quarter. Assetmark Inc. now owns 3,154 shares of the utilities provider’s stock worth $405,000 after acquiring an additional 301 shares during the period. Finally, Applied Finance Capital Management LLC grew its holdings in shares of DTE Energy by 1.7% in the third quarter. Applied Finance Capital Management LLC now owns 172,442 shares of the utilities provider’s stock worth $22,143,000 after acquiring an additional 2,872 shares during the period. Institutional investors own 76.06% of the company’s stock.

DTE Energy Price Performance

NYSE:DTE opened at $119.37 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76. The company has a market capitalization of $24.72 billion, a P/E ratio of 16.07, a P/E/G ratio of 2.17 and a beta of 0.68. DTE Energy has a 12 month low of $101.25 and a 12 month high of $131.66. The business’s 50-day moving average is $125.05 and its 200 day moving average is $119.18.

Analysts Set New Price Targets

Several analysts recently commented on the company. Jefferies Financial Group assumed coverage on DTE Energy in a report on Monday, October 21st. They issued a “hold” rating and a $137.00 price objective for the company. Wells Fargo & Company lifted their target price on DTE Energy from $133.00 to $145.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. KeyCorp lifted their target price on DTE Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. BMO Capital Markets lifted their target price on DTE Energy from $135.00 to $140.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Finally, Bank of America lifted their target price on DTE Energy from $131.00 to $136.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.