Mowery & Schoenfeld Wealth Management LLC Sells 150 Shares of DTE Energy (NYSE:DTE)

by · The Cerbat Gem

Mowery & Schoenfeld Wealth Management LLC decreased its holdings in shares of DTE Energy (NYSE:DTE – Free Report) by 30.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 344 shares of the utilities provider’s stock after selling 150 shares during the quarter. Mowery & Schoenfeld Wealth Management LLC’s holdings in DTE Energy were worth $44,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of DTE Energy by 25.5% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 12,903 shares of the utilities provider’s stock worth $1,657,000 after purchasing an additional 2,624 shares in the last quarter. Aquila Investment Management LLC bought a new stake in DTE Energy in the 3rd quarter worth approximately $385,000. Stanley Laman Group Ltd. purchased a new stake in DTE Energy in the third quarter worth approximately $216,000. Waldron Private Wealth LLC bought a new position in DTE Energy during the third quarter valued at approximately $205,000. Finally, Eastern Bank purchased a new position in shares of DTE Energy during the third quarter worth approximately $175,000. 76.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company upped their price objective on shares of DTE Energy from $125.00 to $133.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. KeyCorp upped their price target on shares of DTE Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a research report on Tuesday. Scotiabank lifted their price objective on DTE Energy from $120.00 to $137.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Jefferies Financial Group started coverage on DTE Energy in a report on Monday. They set a “hold” rating and a $137.00 target price for the company. Finally, StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a research report on Sunday, August 11th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $130.54.

View Our Latest Report on DTE

DTE Energy Trading Up 0.2 %

Shares of NYSE:DTE traded up $0.31 on Thursday, hitting $130.30. The company had a trading volume of 493,824 shares, compared to its average volume of 1,069,720. The firm’s 50-day simple moving average is $125.52 and its two-hundred day simple moving average is $117.67. The firm has a market capitalization of $26.96 billion, a price-to-earnings ratio of 21.30, a P/E/G ratio of 2.29 and a beta of 0.67. The company has a quick ratio of 0.52, a current ratio of 0.69 and a debt-to-equity ratio of 1.73. DTE Energy has a 1 year low of $92.58 and a 1 year high of $131.66.

DTE Energy (NYSE:DTE – Get Free Report) last issued its quarterly earnings data on Thursday, July 25th. The utilities provider reported $1.43 EPS for the quarter, topping the consensus estimate of $1.21 by $0.22. DTE Energy had a net margin of 11.18% and a return on equity of 12.18%. The business had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.65 billion. During the same period last year, the business posted $0.99 earnings per share. Equities analysts anticipate that DTE Energy will post 6.7 earnings per share for the current fiscal year.

About DTE Energy

(Free Report)

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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