WealthBridge Capital Management LLC Purchases 4,521 Shares of DTE Energy Company $DTE

WealthBridge Capital Management LLC lifted its position in shares of DTE Energy Company (NYSE:DTE) by 180.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,028 shares of the utilities provider’s stock after acquiring an additional 4,521 shares during the period. WealthBridge Capital Management LLC’s holdings in DTE Energy were worth $994,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Global Wealth Strategies & Associates acquired a new stake in shares of DTE Energy in the 3rd quarter valued at $28,000. Clean Yield Group bought a new stake in shares of DTE Energy during the 3rd quarter worth $28,000. Cloud Capital Management LLC acquired a new stake in DTE Energy in the third quarter valued at about $28,000. Capital A Wealth Management LLC grew its position in DTE Energy by 5,775.0% in the second quarter. Capital A Wealth Management LLC now owns 235 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 231 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in DTE Energy during the third quarter worth about $31,000. 76.06% of the stock is owned by institutional investors.

DTE Energy Stock Performance

Shares of DTE Energy stock opened at $144.87 on Monday. The stock has a market cap of $30.09 billion, a price-to-earnings ratio of 21.75, a P/E/G ratio of 2.66 and a beta of 0.49. DTE Energy Company has a twelve month low of $123.69 and a twelve month high of $145.41. The company’s fifty day moving average is $132.57 and its 200 day moving average is $136.12. The company has a quick ratio of 0.68, a current ratio of 1.15 and a debt-to-equity ratio of 2.01.

DTE Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Monday, March 16th will be paid a $1.165 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $4.66 annualized dividend and a dividend yield of 3.2%. DTE Energy’s dividend payout ratio is presently 69.97%.

Analyst Ratings Changes

A number of research firms have recently weighed in on DTE. Wells Fargo & Company reduced their price target on shares of DTE Energy from $157.00 to $152.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 20th. JPMorgan Chase & Co. cut their target price on shares of DTE Energy from $151.00 to $145.00 and set a “neutral” rating on the stock in a research report on Thursday, December 11th. Mizuho upped their price target on shares of DTE Energy from $140.00 to $144.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Scotiabank cut their price objective on DTE Energy from $147.00 to $146.00 and set a “sector perform” rating on the stock in a report on Friday, October 31st. Finally, Wall Street Zen raised DTE Energy from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. Ten equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $147.69.

About DTE Energy

DTE Energy is an integrated energy company headquartered in Detroit, Michigan, that combines regulated utility operations with non-utility energy businesses. Its regulated subsidiaries operate electric and natural gas utility services that deliver generation, transmission and distribution to residential, commercial and industrial customers. The company’s utility segment focuses on maintaining and upgrading energy delivery infrastructure, ensuring reliable service and meeting regulatory requirements in its service territory.

Beyond its regulated utilities, DTE Energy operates non-utility businesses that develop, own and operate power generation and energy-related projects.