Strategic Investment Advisors MI Sells 115 Shares of DTE Energy (NYSE:DTE)

Strategic Investment Advisors MI cut its holdings in DTE Energy (NYSE:DTE) by 1.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 9,385 shares of the utilities provider’s stock after selling 115 shares during the period. Strategic Investment Advisors MI’s holdings in DTE Energy were worth $1,133,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Mizuho Securities USA LLC increased its position in shares of DTE Energy by 44,009.5% in the third quarter. Mizuho Securities USA LLC now owns 7,039,000 shares of the utilities provider’s stock valued at $903,878,000 after acquiring an additional 7,023,042 shares during the period. State Street Corp increased its position in shares of DTE Energy by 7.0% in the third quarter. State Street Corp now owns 10,193,572 shares of the utilities provider’s stock valued at $1,319,264,000 after acquiring an additional 662,569 shares during the period. Zimmer Partners LP purchased a new position in shares of DTE Energy in the third quarter valued at about $69,894,000. Point72 Asset Management L.P. purchased a new position in shares of DTE Energy in the third quarter valued at about $66,733,000. Finally, Nordea Investment Management AB increased its position in shares of DTE Energy by 2,235.2% in the fourth quarter. Nordea Investment Management AB now owns 221,237 shares of the utilities provider’s stock valued at $26,706,000 after acquiring an additional 211,763 shares during the period. 76.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on DTE shares. BMO Capital Markets boosted their price objective on shares of DTE Energy from $135.00 to $140.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Morgan Stanley reduced their price target on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. Barclays boosted their price target on shares of DTE Energy from $128.00 to $137.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Wells Fargo & Company boosted their price target on shares of DTE Energy from $133.00 to $145.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Finally, StockNews.com upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a research report on Friday. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $136.25.

DTE Energy Trading Down 0.4 %

Shares of NYSE DTE opened at $119.07 on Monday. The firm’s 50 day moving average price is $121.59 and its 200-day moving average price is $122.39. The company has a market cap of $24.66 billion, a PE ratio of 16.13, a P/E/G ratio of 2.07 and a beta of 0.68. DTE Energy has a 52-week low of $102.50 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.

DTE Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th were paid a $1.09 dividend. This represents a $4.36 annualized dividend and a dividend yield of 3.66%. 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 dividend payout ratio is currently 59.08%.

DTE Energy Company 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.