Kovitz Investment Group Partners LLC Has $1.44 Million Stock Holdings in DTE Energy (NYSE:DTE)

Kovitz Investment Group Partners LLC raised its position in DTE Energy (NYSE:DTE) by 55.8% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 11,217 shares of the utilities provider’s stock after acquiring an additional 4,019 shares during the period. Kovitz Investment Group Partners LLC’s holdings in DTE Energy were worth $1,440,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of DTE. Farther Finance Advisors LLC boosted 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 worth $461,000 after purchasing an additional 81 shares during the last quarter. Signaturefd LLC boosted its stake in shares of DTE Energy by 3.1% during the 3rd quarter. Signaturefd LLC now owns 2,889 shares of the utilities provider’s stock worth $371,000 after buying an additional 86 shares during the last quarter. Aptus Capital Advisors LLC grew its holdings in shares of DTE Energy by 3.7% in the 2nd quarter. Aptus Capital Advisors LLC now owns 2,632 shares of the utilities provider’s stock valued at $292,000 after acquiring an additional 94 shares in the last quarter. ASB Consultores LLC increased its position in shares of DTE Energy by 4.9% in the second quarter. ASB Consultores LLC now owns 2,179 shares of the utilities provider’s stock valued at $242,000 after acquiring an additional 101 shares during the last quarter. Finally, Centennial Wealth Advisory LLC raised its holdings in DTE Energy by 2.1% during the third quarter. Centennial Wealth Advisory LLC now owns 5,338 shares of the utilities provider’s stock worth $685,000 after acquiring an additional 110 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Trading Up 0.2 %

DTE stock opened at $121.99 on Wednesday. DTE Energy has a 52 week low of $102.17 and a 52 week high of $131.66. The company has a market capitalization of $25.26 billion, a PE ratio of 16.53, a price-to-earnings-growth ratio of 2.24 and a beta of 0.68. The company’s 50-day simple moving average is $124.25 and its 200 day simple moving average is $120.34. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th will be given a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend is Monday, December 16th. This is a positive change from DTE Energy’s previous quarterly dividend of $1.02. DTE Energy’s dividend payout ratio is presently 59.08%.

Wall Street Analysts Forecast Growth

DTE has been the topic of several recent analyst reports. Mizuho boosted their price target on DTE Energy from $121.00 to $133.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Bank of America boosted their target price on shares of DTE Energy from $131.00 to $136.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Scotiabank lifted their price objective on shares of DTE Energy from $120.00 to $137.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. 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 price objective on the stock. Finally, Wells Fargo & Company lifted their price target on DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $133.54.

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.