Crews Bank & Trust Takes $141,000 Position in DTE Energy (NYSE:DTE)

Crews Bank & Trust purchased a new stake in shares of DTE Energy (NYSE:DTE) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,171 shares of the utilities provider’s stock, valued at approximately $141,000.

Several other large investors have also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in shares of DTE Energy by 7.0% during the third quarter. State Street Corp now owns 10,193,572 shares of the utilities provider’s stock worth $1,319,264,000 after purchasing an additional 662,569 shares during the period. Mizuho Securities USA LLC raised its stake in DTE Energy by 44,009.5% during the third quarter. Mizuho Securities USA LLC now owns 7,039,000 shares of the utilities provider’s stock worth $903,878,000 after acquiring an additional 7,023,042 shares during the period. Janus Henderson Group PLC lifted its holdings in DTE Energy by 2.4% in the third quarter. Janus Henderson Group PLC now owns 2,720,265 shares of the utilities provider’s stock worth $349,309,000 after acquiring an additional 64,880 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in DTE Energy by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,274,837 shares of the utilities provider’s stock valued at $163,702,000 after acquiring an additional 14,937 shares during the period. Finally, Duff & Phelps Investment Management Co. grew its holdings in shares of DTE Energy by 3.5% during the third quarter. Duff & Phelps Investment Management Co. now owns 907,345 shares of the utilities provider’s stock valued at $116,512,000 after purchasing an additional 30,909 shares during the last quarter. 76.06% of the stock is currently owned by institutional investors.

DTE Energy Price Performance

Shares of NYSE:DTE opened at $119.92 on Friday. DTE Energy has a 12 month low of $102.78 and a 12 month high of $131.66. The stock has a market cap of $24.84 billion, a price-to-earnings ratio of 16.25, a PEG ratio of 2.16 and a beta of 0.68. The stock’s 50 day moving average price is $121.38 and its 200 day moving average price is $122.52. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.83 and a quick ratio of 0.62.

DTE Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 16th were issued a dividend of $1.09 per share. This is a positive change from DTE Energy’s previous quarterly dividend of $1.02. This represents a $4.36 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date was Monday, December 16th. DTE Energy’s payout ratio is presently 59.08%.

Analysts Set New Price Targets

DTE has been the topic of several recent research reports. StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a report on Friday, January 24th. BMO Capital Markets raised their target price on DTE Energy from $135.00 to $140.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. KeyCorp lowered shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. Scotiabank lifted their price objective on shares of DTE Energy from $137.00 to $147.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Finally, Jefferies Financial Group began coverage on shares of DTE Energy in a research note on Monday, October 21st. They set a “hold” rating and a $137.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $136.25.

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.