Centennial Wealth Advisory LLC Purchases 110 Shares of DTE Energy (NYSE:DTE)

Centennial Wealth Advisory LLC grew its holdings in DTE Energy (NYSE:DTE) by 2.1% during the 3rd quarter, Holdings Channel reports. The firm owned 5,338 shares of the utilities provider’s stock after purchasing an additional 110 shares during the period. Centennial Wealth Advisory LLC’s holdings in DTE Energy were worth $685,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. ESL Trust Services LLC bought a new stake in DTE Energy in the first quarter valued at about $27,000. Ridgewood Investments LLC bought a new stake in shares of DTE Energy in the 2nd quarter valued at about $31,000. Fairscale Capital LLC acquired a new stake in shares of DTE Energy in the 2nd quarter valued at approximately $54,000. Chilton Capital Management LLC bought a new position in DTE Energy during the 2nd quarter worth approximately $56,000. Finally, Crewe Advisors LLC acquired a new position in DTE Energy during the first quarter valued at approximately $57,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on DTE. Morgan Stanley increased their target price on shares of DTE Energy from $121.00 to $128.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Jefferies Financial Group began coverage on DTE Energy in a report on Monday, October 21st. They set a “hold” rating and a $137.00 target price on the stock. BMO Capital Markets boosted their target price on DTE Energy from $135.00 to $140.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. Scotiabank lifted their price objective on DTE Energy from $120.00 to $137.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Finally, Barclays boosted their price objective on DTE Energy from $128.00 to $137.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, DTE Energy presently has an average rating of “Moderate Buy” and a consensus price target of $131.46.

DTE Energy Stock Down 0.4 %

NYSE DTE traded down $0.49 during trading hours on Wednesday, hitting $122.94. 121,429 shares of the company traded hands, compared to its average volume of 1,065,866. The stock has a market capitalization of $25.46 billion, a price-to-earnings ratio of 16.72, a P/E/G ratio of 2.20 and a beta of 0.68. DTE Energy has a twelve month low of $97.31 and a twelve month high of $131.66. The business’s 50-day moving average is $125.77 and its 200-day moving average is $118.88. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.83.

About DTE Energy

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.