DTE Energy (NYSE:DTE) Stock Position Lifted by Capital Asset Advisory Services LLC

Capital Asset Advisory Services LLC raised its stake in DTE Energy (NYSE:DTE) by 14.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,212 shares of the utilities provider’s stock after buying an additional 532 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in DTE Energy were worth $512,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DTE. Legacy Investment Solutions LLC acquired a new position in shares of DTE Energy in the third quarter worth $30,000. Ashton Thomas Securities LLC purchased a new position in DTE Energy in the third quarter valued at about $35,000. Prospera Private Wealth LLC purchased a new position in DTE Energy in the third quarter valued at about $35,000. Versant Capital Management Inc increased its position in DTE Energy by 890.0% in the 4th quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 267 shares during the last quarter. Finally, Coastline Trust Co purchased a new stake in shares of DTE Energy during the 3rd quarter worth about $39,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Scotiabank increased their price objective on DTE Energy from $137.00 to $147.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Wells Fargo & Company increased their price target on shares of DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. KeyCorp lowered shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Barclays raised their target price on DTE Energy from $128.00 to $137.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Finally, Jefferies Financial Group started coverage on DTE Energy in a research note on Monday, October 21st. They set a “hold” rating and a $137.00 price target for the company. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $136.25.

DTE Energy Stock Up 2.2 %

Shares of DTE stock opened at $121.72 on Tuesday. The stock has a 50 day moving average of $121.59 and a 200-day moving average of $122.49. The firm has a market cap of $25.21 billion, a PE ratio of 16.49, a price-to-earnings-growth ratio of 2.07 and a beta of 0.68. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 1.76. DTE Energy has a 12 month low of $102.78 and a 12 month high of $131.66.

DTE Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th were issued a $1.09 dividend. 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 3.58%. DTE Energy’s dividend payout ratio is 59.08%.

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.