CENTRAL TRUST Co Sells 119 Shares of DTE Energy (NYSE:DTE)

CENTRAL TRUST Co trimmed its stake in DTE Energy (NYSE:DTE) by 3.2% in the third quarter, Holdings Channel reports. The firm owned 3,551 shares of the utilities provider’s stock after selling 119 shares during the quarter. CENTRAL TRUST Co’s holdings in DTE Energy were worth $456,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in DTE. Hennion & Walsh Asset Management Inc. grew its stake in shares of DTE Energy by 25.5% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 12,903 shares of the utilities provider’s stock valued at $1,657,000 after buying an additional 2,624 shares in the last quarter. Aquila Investment Management LLC acquired a new stake in DTE Energy in the third quarter valued at $385,000. Stanley Laman Group Ltd. bought a new position in shares of DTE Energy in the 3rd quarter valued at about $216,000. Waldron Private Wealth LLC acquired a new position in shares of DTE Energy during the 3rd quarter worth about $205,000. Finally, Eastern Bank acquired a new position in shares of DTE Energy during the 3rd quarter worth about $175,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

Wall Street Analyst Weigh In

DTE has been the subject of several recent analyst reports. Wells Fargo & Company raised their target price on shares of DTE Energy from $133.00 to $145.00 and gave the company an “overweight” rating in a research note on Friday. BMO Capital Markets raised their price objective 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. Mizuho boosted their target price on DTE Energy from $121.00 to $133.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Scotiabank increased their price target on DTE Energy from $120.00 to $137.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Finally, KeyCorp lifted their price objective on shares of DTE Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Six research 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.com, DTE Energy presently has a consensus rating of “Moderate Buy” and an average price target of $131.46.

DTE Energy Stock Down 2.5 %

Shares of DTE opened at $126.57 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73. The stock has a market capitalization of $26.19 billion, a PE ratio of 20.72, a P/E/G ratio of 2.29 and a beta of 0.67. The firm’s 50 day moving average is $125.77 and its 200-day moving average is $117.87. DTE Energy has a 12 month low of $92.58 and a 12 month high of $131.66.

DTE Energy (NYSE:DTE) last announced its quarterly earnings data on Thursday, July 25th. The utilities provider reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.22. The firm had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.65 billion. DTE Energy had a return on equity of 12.18% and a net margin of 11.18%. During the same period in the previous year, the firm earned $0.99 EPS. Equities research analysts forecast that DTE Energy will post 6.7 EPS for the current year.

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.