Robbins Farley Takes Position in DTE Energy (NYSE:DTE)

Robbins Farley purchased a new stake in shares of DTE Energy (NYSE:DTE) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 472 shares of the utilities provider’s stock, valued at approximately $57,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of DTE. Legacy Investment Solutions LLC acquired a new stake in shares of DTE Energy in the third quarter worth $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 acquired a new position in DTE Energy in the third quarter worth about $35,000. Versant Capital Management Inc lifted its position in shares of DTE Energy by 890.0% during the 4th quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock worth $36,000 after buying an additional 267 shares during the period. Finally, Coastline Trust Co acquired a new position in DTE Energy during the third quarter worth $39,000. 76.06% of the stock is currently owned by institutional investors and hedge funds.

DTE Energy Stock Up 0.9 %

Shares of NYSE:DTE opened at $120.94 on Tuesday. The firm has a fifty day moving average of $121.29 and a 200 day moving average of $122.66. DTE Energy has a 52-week low of $102.78 and a 52-week high of $131.66. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.83. The firm has a market capitalization of $25.05 billion, a PE ratio of 16.39, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68.

DTE Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th were paid a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 3.61%. This is an increase from DTE Energy’s previous quarterly dividend of $1.02. The ex-dividend date was Monday, December 16th. DTE Energy’s dividend payout ratio is 59.08%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DTE. StockNews.com upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a research note on Friday, January 24th. KeyCorp lowered shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Barclays upped their price target on DTE Energy from $128.00 to $137.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Morgan Stanley reduced their target price on DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. Finally, Wells Fargo & Company upped their price target on shares of DTE Energy from $133.00 to $145.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Five research 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, DTE Energy presently has a consensus rating of “Moderate Buy” and an average target price of $136.25.

DTE Energy Profile

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.