Sigma Planning Corp Sells 96 Shares of DTE Energy (NYSE:DTE)

Sigma Planning Corp trimmed its holdings in shares of DTE Energy (NYSE:DTE) by 0.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,374 shares of the utilities provider’s stock after selling 96 shares during the quarter. Sigma Planning Corp’s holdings in DTE Energy were worth $7,111,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. ESL Trust Services LLC acquired a new stake in shares of DTE Energy in the first quarter valued at about $27,000. Ridgewood Investments LLC acquired a new stake in DTE Energy during the 2nd quarter valued at approximately $31,000. Fairscale Capital LLC acquired a new stake in DTE Energy during the 2nd quarter valued at approximately $54,000. Carmichael Hill & Associates Inc. raised its holdings in DTE Energy by 47.5% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 497 shares of the utilities provider’s stock worth $64,000 after purchasing an additional 160 shares during the last quarter. Finally, Chilton Capital Management LLC acquired a new position in shares of DTE Energy in the 2nd quarter worth approximately $56,000. 76.06% of the stock is owned by institutional investors.

DTE Energy Stock Performance

DTE opened at $117.80 on Friday. DTE Energy has a 1-year low of $97.43 and a 1-year high of $131.66. The company has a market cap of $24.40 billion, a price-to-earnings ratio of 15.96, a PEG ratio of 2.20 and a beta of 0.68. The company’s fifty day moving average price is $125.42 and its two-hundred day moving average price is $118.94. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76.

Wall Street Analyst Weigh In

DTE has been the subject of a number of analyst reports. Jefferies Financial Group began coverage on shares of DTE Energy in a research note on Monday, October 21st. They set a “hold” rating and a $137.00 target price for the company. Morgan Stanley lifted their price objective on DTE Energy from $121.00 to $128.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Scotiabank upped their target price on DTE Energy from $120.00 to $137.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Bank of America raised their target price on DTE Energy from $131.00 to $136.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Finally, BMO Capital Markets boosted their price target 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. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $131.46.

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.