Chicago Capital LLC Acquires 240 Shares of DTE Energy (NYSE:DTE)

Chicago Capital LLC raised its holdings in DTE Energy (NYSE:DTE) by 5.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,364 shares of the utilities provider’s stock after acquiring an additional 240 shares during the period. Chicago Capital LLC’s holdings in DTE Energy were worth $527,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of DTE. Nordea Investment Management AB increased its holdings in shares of DTE Energy by 2,235.2% during the fourth quarter. Nordea Investment Management AB now owns 221,237 shares of the utilities provider’s stock worth $26,706,000 after buying an additional 211,763 shares in the last quarter. Patton Albertson Miller Group LLC grew its position in DTE Energy by 7.6% during the 4th quarter. Patton Albertson Miller Group LLC now owns 46,931 shares of the utilities provider’s stock worth $5,667,000 after acquiring an additional 3,306 shares during the last quarter. Hancock Whitney Corp increased its holdings in DTE Energy by 80.0% in the 3rd quarter. Hancock Whitney Corp now owns 12,885 shares of the utilities provider’s stock worth $1,655,000 after purchasing an additional 5,725 shares in the last quarter. Point72 DIFC Ltd bought a new position in DTE Energy in the third quarter valued at about $650,000. Finally, Blueshift Asset Management LLC acquired a new stake in shares of DTE Energy during the third quarter valued at about $583,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Trading Up 0.9 %

Shares of NYSE:DTE opened at $120.94 on Tuesday. The stock has a 50 day moving average of $121.29 and a 200 day moving average of $122.66. The company has a market cap of $25.05 billion, a PE ratio of 16.39, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68. DTE Energy has a 12-month low of $102.78 and a 12-month high of $131.66. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76.

DTE Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 16th were paid a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 3.61%. The ex-dividend date was Monday, December 16th. This is an increase from DTE Energy’s previous quarterly dividend of $1.02. DTE Energy’s dividend payout ratio (DPR) is 59.08%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Barclays raised their target price on DTE Energy from $128.00 to $137.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Wells Fargo & Company lifted their price objective on DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Scotiabank upped their target price on DTE Energy from $137.00 to $147.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. 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. Finally, Morgan Stanley reduced their price objective on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $136.25.

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.