WBH Advisory Inc. acquired a new stake in shares of DTE Energy (NYSE:DTE - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 2,142 shares of the utilities provider's stock, valued at approximately $259,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new stake in DTE Energy in the 3rd quarter valued at $30,000. Prospera Private Wealth LLC bought a new stake in DTE Energy in the 3rd quarter valued at $35,000. Ashton Thomas Securities LLC bought a new stake in DTE Energy in the 3rd quarter valued at $35,000. Versant Capital Management Inc increased its holdings in DTE Energy by 890.0% in the 4th quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider's stock valued at $36,000 after acquiring an additional 267 shares during the last quarter. Finally, Coastline Trust Co bought a new stake in DTE Energy in the 3rd quarter valued at $39,000. 76.06% of the stock is currently owned by institutional investors.
A number of analysts have issued reports on DTE shares. Morgan Stanley reduced their price target on shares of DTE Energy from $131.00 to $128.00 and set an "overweight" rating on the stock in a report on Friday, November 22nd. KeyCorp downgraded shares of DTE Energy from an "overweight" rating to a "sector weight" rating in a report on Wednesday, December 4th. UBS Group upgraded shares of DTE Energy from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $129.00 to $143.00 in a report on Tuesday, December 3rd. StockNews.com downgraded shares of DTE Energy from a "hold" rating to a "sell" rating in a report on Thursday, February 13th. Finally, Jefferies Financial Group assumed coverage on shares of DTE Energy in a report on Monday, October 21st. They issued a "hold" rating and a $137.00 target price on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $136.25.
Check Out Our Latest Analysis on DTE
DTE stock opened at $129.21 on Tuesday. DTE Energy has a 12 month low of $103.06 and a 12 month high of $131.66. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76. The company has a 50-day moving average price of $121.24 and a 200 day moving average price of $123.07. The stock has a market cap of $26.76 billion, a PE ratio of 17.51, a P/E/G ratio of 2.25 and a beta of 0.68.
DTE Energy (NYSE:DTE - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.01. DTE Energy had a net margin of 12.33% and a return on equity of 13.42%. Equities research analysts anticipate that DTE Energy will post 6.77 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be given a $1.09 dividend. The ex-dividend date is Monday, March 17th. This represents a $4.36 annualized dividend and a yield of 3.37%. DTE Energy's dividend payout ratio (DPR) is 59.08%.
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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