DTE Energy (NYSE:DTE) Shares Purchased by Avitas Wealth Management LLC

Avitas Wealth Management LLC raised its position in DTE Energy (NYSE:DTE) by 0.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,972 shares of the utilities provider’s stock after buying an additional 138 shares during the period. Avitas Wealth Management LLC’s holdings in DTE Energy were worth $2,895,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Sanctuary Advisors LLC acquired a new stake in DTE Energy during the 2nd quarter valued at approximately $2,736,000. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of DTE Energy by 44.4% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,194 shares of the utilities provider’s stock valued at $355,000 after buying an additional 982 shares during the last quarter. Czech National Bank grew its position in shares of DTE Energy by 6.9% during the third quarter. Czech National Bank now owns 42,172 shares of the utilities provider’s stock worth $5,415,000 after buying an additional 2,739 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of DTE Energy by 25.9% in the third quarter. GAMMA Investing LLC now owns 5,917 shares of the utilities provider’s stock worth $760,000 after buying an additional 1,216 shares during the last quarter. Finally, City Holding Co. raised its holdings in DTE Energy by 1.7% in the third quarter. City Holding Co. now owns 7,357 shares of the utilities provider’s stock valued at $945,000 after acquiring an additional 125 shares in the last quarter. 76.06% of the stock is currently owned by institutional investors and hedge funds.

DTE Energy Stock Performance

Shares of DTE opened at $120.75 on Wednesday. The firm has a fifty day moving average of $121.20 and a 200-day moving average of $122.69. The company has a market cap of $25.01 billion, a price-to-earnings ratio of 16.36, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68. 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 has a 1 year low of $102.78 and a 1 year high of $131.66.

DTE Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th were paid a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a yield of 3.61%. This is a positive change from DTE Energy’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend was Monday, December 16th. DTE Energy’s payout ratio is presently 59.08%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DTE. BMO Capital Markets raised their price objective 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. Wells Fargo & Company boosted their price objective on DTE Energy from $133.00 to $145.00 and gave the company an “overweight” rating in a report on Friday, October 25th. StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a research note on Friday, January 24th. Jefferies Financial Group began coverage on DTE Energy in a research report on Monday, October 21st. They issued a “hold” rating and a $137.00 target price for the company. Finally, UBS Group raised DTE Energy from a “neutral” rating to a “buy” rating and upped their price target for the company from $129.00 to $143.00 in a research report on Tuesday, December 3rd. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.