Yousif Capital Management LLC Has $4.13 Million Holdings in DTE Energy (NYSE:DTE)

Yousif Capital Management LLC grew its position in DTE Energy (NYSE:DTE) by 21.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 34,175 shares of the utilities provider’s stock after purchasing an additional 6,035 shares during the period. Yousif Capital Management LLC’s holdings in DTE Energy were worth $4,127,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC lifted its holdings in DTE Energy by 2.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,588 shares of the utilities provider’s stock worth $461,000 after purchasing an additional 81 shares during the last quarter. SkyOak Wealth LLC raised its position in shares of DTE Energy by 4.1% in the fourth quarter. SkyOak Wealth LLC now owns 2,174 shares of the utilities provider’s stock valued at $262,000 after purchasing an additional 85 shares during the period. Signaturefd LLC lifted its stake in shares of DTE Energy by 3.1% in the third quarter. Signaturefd LLC now owns 2,889 shares of the utilities provider’s stock worth $371,000 after buying an additional 86 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of DTE Energy by 4.0% during the 3rd quarter. Tidal Investments LLC now owns 2,490 shares of the utilities provider’s stock worth $320,000 after buying an additional 96 shares during the period. Finally, Fifth Third Bancorp grew its stake in DTE Energy by 1.4% in the 4th quarter. Fifth Third Bancorp now owns 7,441 shares of the utilities provider’s stock valued at $899,000 after buying an additional 103 shares during the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on DTE shares. Guggenheim raised shares of DTE Energy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. BMO Capital Markets raised their target price on DTE Energy from $135.00 to $140.00 and gave the company a “market perform” rating in a report on Friday, October 18th. Jefferies Financial Group began 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. UBS Group raised shares of DTE Energy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $129.00 to $143.00 in a research report on Tuesday, December 3rd. Finally, KeyCorp lowered shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.25.

DTE Energy Stock Up 0.1 %

Shares of DTE opened at $122.68 on Friday. DTE Energy has a 12 month low of $102.78 and a 12 month high of $131.66. The stock has a market cap of $25.41 billion, a price-to-earnings ratio of 16.62, a P/E/G ratio of 2.20 and a beta of 0.68. The company has a 50-day moving average price of $120.97 and a two-hundred day moving average price of $122.72. 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be given a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date of this dividend is Monday, March 17th. DTE Energy’s dividend payout ratio (DPR) is 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.