DTE Energy (NYSE:DTE) Shares Acquired by UMB Bank n.a.

UMB Bank n.a. boosted its stake in shares of DTE Energy (NYSE:DTE) by 1,547.6% in the fourth quarter, HoldingsChannel reports. The firm owned 8,963 shares of the utilities provider’s stock after purchasing an additional 8,419 shares during the quarter. UMB Bank n.a.’s holdings in DTE Energy were worth $1,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DTE. Farther Finance Advisors LLC lifted its stake in DTE Energy by 2.3% in the third quarter. Farther Finance Advisors LLC now owns 3,588 shares of the utilities provider’s stock valued at $461,000 after buying an additional 81 shares during the last quarter. Signaturefd LLC lifted its position in DTE Energy by 3.1% in the 3rd quarter. Signaturefd LLC now owns 2,889 shares of the utilities provider’s stock valued at $371,000 after purchasing an additional 86 shares during the last quarter. Tidal Investments LLC boosted its stake in DTE Energy by 4.0% during the 3rd quarter. Tidal Investments LLC now owns 2,490 shares of the utilities provider’s stock valued at $320,000 after purchasing an additional 96 shares during the period. Centennial Wealth Advisory LLC grew its position in DTE Energy by 2.1% in the 3rd quarter. Centennial Wealth Advisory LLC now owns 5,338 shares of the utilities provider’s stock worth $685,000 after purchasing an additional 110 shares during the last quarter. Finally, Bar Harbor Wealth Management increased its stake in shares of DTE Energy by 5.9% in the fourth quarter. Bar Harbor Wealth Management now owns 1,959 shares of the utilities provider’s stock valued at $237,000 after purchasing an additional 110 shares during the period. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Price Performance

Shares of NYSE:DTE opened at $123.86 on Wednesday. The stock has a fifty day moving average of $121.51 and a 200-day moving average of $122.16. The company has a market capitalization of $25.65 billion, a PE ratio of 16.78, a price-to-earnings-growth ratio of 2.13 and a beta of 0.68. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.83. DTE Energy has a one year low of $102.17 and a one year high of $131.66.

DTE Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th were issued a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 3.52%. The ex-dividend date of this dividend was Monday, December 16th. This is an increase from DTE Energy’s previous quarterly dividend of $1.02. DTE Energy’s payout ratio is presently 59.08%.

Wall Street Analyst Weigh In

DTE has been the subject of several analyst reports. KeyCorp downgraded DTE Energy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. UBS Group upgraded DTE Energy from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $129.00 to $143.00 in a research report on Tuesday, December 3rd. Morgan Stanley lowered their price target on DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. StockNews.com downgraded shares of DTE Energy from a “hold” rating to a “sell” rating in a report on Thursday, January 16th. Finally, Jefferies Financial Group assumed 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 on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $134.31.

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.