DTE Energy (NYSE:DTE) Shares Bought by Procyon Advisors LLC

Procyon Advisors LLC boosted its holdings in shares of DTE Energy (NYSE:DTE) by 5.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,498 shares of the utilities provider’s stock after purchasing an additional 614 shares during the quarter. Procyon Advisors LLC’s holdings in DTE Energy were worth $1,388,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of DTE. Hennessy Advisors Inc. raised its stake in shares of DTE Energy by 2.7% during the 4th quarter. Hennessy Advisors Inc. now owns 53,304 shares of the utilities provider’s stock worth $6,436,000 after buying an additional 1,400 shares during the period. Hennion & Walsh Asset Management Inc. increased its holdings in DTE Energy by 4.0% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 13,424 shares of the utilities provider’s stock worth $1,621,000 after acquiring an additional 521 shares in the last quarter. Signal Advisors Wealth LLC raised its position in DTE Energy by 31.6% during the fourth quarter. Signal Advisors Wealth LLC now owns 3,405 shares of the utilities provider’s stock worth $419,000 after acquiring an additional 818 shares during the period. AdvisorNet Financial Inc lifted its holdings in DTE Energy by 81.5% during the fourth quarter. AdvisorNet Financial Inc now owns 697 shares of the utilities provider’s stock valued at $84,000 after purchasing an additional 313 shares in the last quarter. Finally, Peddock Capital Advisors LLC grew its position in shares of DTE Energy by 2.0% in the fourth quarter. Peddock Capital Advisors LLC now owns 8,462 shares of the utilities provider’s stock valued at $1,022,000 after purchasing an additional 167 shares during the period. 76.06% of the stock is owned by institutional investors and hedge funds.

DTE Energy Stock Up 0.6 %

NYSE DTE opened at $123.69 on Friday. The business’s fifty day simple moving average is $121.31 and its 200-day simple moving average is $121.78. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 1.76. The firm has a market cap of $25.62 billion, a PE ratio of 16.76, a P/E/G ratio of 2.05 and a beta of 0.68. DTE Energy has a 52 week low of $102.17 and a 52 week high of $131.66.

DTE Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th were paid a dividend of $1.09 per share. The ex-dividend date was Monday, December 16th. This is an increase from DTE Energy’s previous quarterly dividend of $1.02. This represents a $4.36 dividend on an annualized basis and a yield of 3.53%. DTE Energy’s payout ratio is 59.08%.

Analyst Ratings Changes

DTE has been the subject of several research analyst reports. BMO Capital Markets upped their price target on shares of DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. Barclays boosted their price objective on DTE Energy from $128.00 to $137.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. UBS Group upgraded DTE Energy from a “neutral” rating to a “buy” rating and raised their target price for the company from $129.00 to $143.00 in a research report on Tuesday, December 3rd. Wells Fargo & Company boosted their price target on DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, Morgan Stanley reduced their price objective on DTE Energy from $131.00 to $128.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, DTE Energy currently has a consensus rating of “Moderate Buy” and an average price target of $134.31.

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.