Steph & Co. Sells 106 Shares of DTE Energy (NYSE:DTE)

Steph & Co. lowered its holdings in DTE Energy (NYSE:DTE) by 6.5% in the fourth quarter, Holdings Channel reports. The firm owned 1,523 shares of the utilities provider’s stock after selling 106 shares during the quarter. Steph & Co.’s holdings in DTE Energy were worth $184,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DTE. Acadian Asset Management LLC acquired a new position in DTE Energy during the second quarter valued at approximately $331,000. American Century Companies Inc. boosted its holdings in shares of DTE Energy by 2.4% in the 2nd quarter. American Century Companies Inc. now owns 81,832 shares of the utilities provider’s stock valued at $9,084,000 after buying an additional 1,923 shares during the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of DTE Energy by 1.7% in the second quarter. DekaBank Deutsche Girozentrale now owns 36,105 shares of the utilities provider’s stock valued at $3,986,000 after buying an additional 607 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in DTE Energy by 11.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 5,485 shares of the utilities provider’s stock worth $609,000 after buying an additional 576 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in DTE Energy by 8.0% during the second quarter. Envestnet Asset Management Inc. now owns 143,057 shares of the utilities provider’s stock worth $15,881,000 after acquiring an additional 10,632 shares in the last quarter. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on DTE shares. StockNews.com upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th. KeyCorp lowered DTE Energy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Scotiabank lifted their target price on DTE Energy from $137.00 to $147.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Morgan Stanley decreased their target price on DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. Finally, Jefferies Financial Group started coverage on DTE Energy in a report on Monday, October 21st. They set a “hold” rating and a $137.00 price target for the company. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $134.31.

DTE Energy Trading Up 0.9 %

DTE stock opened at $120.50 on Thursday. DTE Energy has a 52 week low of $102.17 and a 52 week high of $131.66. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.83. The company’s 50-day simple moving average is $121.21 and its 200 day simple moving average is $121.78. The company has a market capitalization of $24.96 billion, a PE ratio of 16.33, a price-to-earnings-growth ratio of 2.05 and a beta of 0.68.

DTE Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th were issued a dividend of $1.09 per share. The ex-dividend date of this dividend was Monday, December 16th. This is a boost from DTE Energy’s previous quarterly dividend of $1.02. This represents a $4.36 annualized dividend and a dividend yield of 3.62%. DTE Energy’s dividend payout ratio (DPR) is currently 59.08%.

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.