Orion Portfolio Solutions LLC Sells 85 Shares of DTE Energy (NYSE:DTE)

Orion Portfolio Solutions LLC reduced its holdings in DTE Energy (NYSE:DTE) by 2.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,124 shares of the utilities provider’s stock after selling 85 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in DTE Energy were worth $530,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in DTE. Ridgewood Investments LLC bought a new stake in shares of DTE Energy in the 2nd quarter worth approximately $31,000. Ashton Thomas Securities LLC purchased a new position in shares of DTE Energy in the 3rd quarter valued at approximately $35,000. Prospera Private Wealth LLC purchased a new position in shares of DTE Energy in the 3rd quarter valued at approximately $35,000. Coastline Trust Co purchased a new position in shares of DTE Energy in the 3rd quarter valued at approximately $39,000. Finally, Fairscale Capital LLC purchased a new position in shares of DTE Energy in the 2nd quarter valued at approximately $54,000. 76.06% of the stock is currently owned by institutional investors.

DTE Energy Stock Performance

Shares of DTE opened at $120.71 on Wednesday. The business has a fifty day moving average of $123.54 and a 200 day moving average of $120.68. DTE Energy has a one year low of $102.17 and a one year high of $131.66. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.83 and a quick ratio of 0.62. The firm has a market capitalization of $25.00 billion, a P/E ratio of 16.36, a PEG ratio of 2.23 and a beta of 0.68.

DTE Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th will be issued a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 3.61%. The ex-dividend date is Monday, December 16th. This is a positive change from DTE Energy’s previous quarterly dividend of $1.02. DTE Energy’s payout ratio is currently 59.08%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DTE. Barclays raised their target price on DTE Energy from $128.00 to $137.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th. Scotiabank lifted their target price on DTE Energy from $137.00 to $147.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. KeyCorp lowered DTE Energy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Finally, Wells Fargo & Company lifted their target price on DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $134.31.

DTE Energy Company 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.