DTE Energy (NYSE:DTE) Stock Holdings Lifted by Advance Capital Management Inc.

Advance Capital Management Inc. grew its position in DTE Energy (NYSE:DTE) by 26.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,481 shares of the utilities provider’s stock after purchasing an additional 929 shares during the period. Advance Capital Management Inc.’s holdings in DTE Energy were worth $541,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new position in DTE Energy during the 3rd quarter worth approximately $30,000. Prospera Private Wealth LLC purchased a new position in shares of DTE Energy during the third quarter valued at $35,000. Ashton Thomas Securities LLC acquired a new position in DTE Energy during the third quarter valued at $35,000. Versant Capital Management Inc lifted its stake 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 acquiring an additional 267 shares in the last quarter. Finally, Coastline Trust Co purchased a new position in DTE Energy during the 3rd quarter valued at about $39,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Stock Performance

DTE Energy stock traded down $2.08 during trading hours on Monday, hitting $119.50. The stock had a trading volume of 785,865 shares, compared to its average volume of 713,572. The company has a market cap of $24.75 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 2.23 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 fifty-two week low of $102.17 and a fifty-two week high of $131.66. The company has a 50-day moving average of $121.75 and a two-hundred day moving average of $121.36.

DTE Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th will be issued a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 3.65%. 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 payout ratio is 59.08%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. BMO Capital Markets raised their price target on shares of DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. Barclays lifted their target price on shares of DTE Energy from $128.00 to $137.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Mizuho increased their price objective on DTE Energy from $121.00 to $133.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Morgan Stanley reduced their price objective on DTE Energy from $131.00 to $128.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. Finally, UBS Group raised DTE Energy from a “neutral” rating to a “buy” rating and raised their price target for the stock from $129.00 to $143.00 in a research note on Tuesday, December 3rd. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.