Commerce Bank Has $2.98 Million Stock Position in DTE Energy (NYSE:DTE)

Commerce Bank increased its holdings in shares of DTE Energy (NYSE:DTE) by 16.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 23,194 shares of the utilities provider’s stock after acquiring an additional 3,354 shares during the quarter. Commerce Bank’s holdings in DTE Energy were worth $2,978,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on DTE shares. Morgan Stanley lowered their price objective 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. StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. KeyCorp increased their price target on DTE Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company boosted their price target on DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, BMO Capital Markets increased their price objective on DTE Energy from $135.00 to $140.00 and gave the company a “market perform” rating in a report on Friday, October 18th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $131.46.

DTE Energy Stock Up 0.5 %

DTE Energy stock opened at $124.58 on Friday. DTE Energy has a twelve month low of $102.17 and a twelve month high of $131.66. The stock has a market cap of $25.80 billion, a P/E ratio of 16.88, a P/E/G ratio of 2.24 and a beta of 0.68. The company’s 50-day moving average price is $124.66 and its two-hundred day moving average price is $119.62. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 1.76.

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.