Advisory Alpha LLC Buys 135 Shares of DTE Energy (NYSE:DTE)

Advisory Alpha LLC boosted its holdings in shares of DTE Energy (NYSE:DTE) by 5.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,475 shares of the utilities provider’s stock after buying an additional 135 shares during the quarter. Advisory Alpha LLC’s holdings in DTE Energy were worth $299,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Farther Finance Advisors LLC increased its holdings in DTE Energy by 2.3% during 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 period. Signaturefd LLC grew its holdings in DTE Energy by 3.1% in the third quarter. Signaturefd LLC now owns 2,889 shares of the utilities provider’s stock worth $371,000 after purchasing an additional 86 shares during the last quarter. Tidal Investments LLC grew its holdings in DTE Energy by 4.0% in the third quarter. Tidal Investments LLC now owns 2,490 shares of the utilities provider’s stock worth $320,000 after purchasing an additional 96 shares during the last quarter. Centennial Wealth Advisory LLC grew its holdings in DTE Energy by 2.1% in the third 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 grew its holdings in DTE Energy by 5.9% in the fourth quarter. Bar Harbor Wealth Management now owns 1,959 shares of the utilities provider’s stock worth $237,000 after purchasing an additional 110 shares during the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.

DTE Energy Stock Down 0.6 %

Shares of DTE opened at $119.51 on Friday. The stock’s 50-day moving average price is $121.61 and its 200-day moving average price is $122.25. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 1.76. The company has a market capitalization of $24.75 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 2.14 and a beta of 0.68. DTE Energy has a 52 week low of $102.17 and a 52 week high of $131.66.

DTE Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th were paid a dividend of $1.09 per share. This is a boost from DTE Energy’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend was Monday, December 16th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.65%. DTE Energy’s dividend payout ratio (DPR) is presently 59.08%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. StockNews.com lowered shares of DTE Energy from a “hold” rating to a “sell” rating in a report on Thursday, January 16th. Jefferies Financial Group assumed coverage on shares of DTE Energy in a report on Monday, October 21st. They issued a “hold” rating and a $137.00 price target on the stock. Wells Fargo & Company lifted their price target on shares of DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Guggenheim raised shares of DTE Energy from a “neutral” rating to a “buy” rating in a report on Thursday. Finally, Morgan Stanley cut their price target on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.25.

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.