Kestra Private Wealth Services LLC Has $830,000 Stock Position in DTE Energy (NYSE:DTE)

Kestra Private Wealth Services LLC grew its stake in DTE Energy (NYSE:DTE) by 46.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,871 shares of the utilities provider’s stock after purchasing an additional 2,195 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in DTE Energy were worth $830,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in DTE. Legacy Investment Solutions LLC bought a new stake in shares of DTE Energy in the 3rd quarter valued at $30,000. Ashton Thomas Securities LLC bought a new stake in shares of DTE Energy in the 3rd quarter valued at $35,000. Prospera Private Wealth LLC bought a new stake in shares of DTE Energy in the 3rd quarter valued at $35,000. Versant Capital Management Inc increased its position in shares of DTE Energy by 890.0% in the 4th quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock valued at $36,000 after buying an additional 267 shares in the last quarter. Finally, Coastline Trust Co bought a new stake in shares of DTE Energy in the 3rd quarter valued at $39,000. Institutional investors own 76.06% of the company’s stock.

Wall Street Analyst Weigh In

DTE has been the subject of a number of recent analyst reports. Jefferies Financial Group initiated coverage on shares of DTE Energy in a research report on Monday, October 21st. They issued a “hold” rating and a $137.00 price objective for the company. KeyCorp cut DTE Energy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Guggenheim upgraded DTE Energy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Morgan Stanley lowered their target price on DTE Energy from $131.00 to $128.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. Finally, UBS Group upgraded DTE Energy from a “neutral” rating to a “buy” rating and increased their target price for the stock from $129.00 to $143.00 in a report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, DTE Energy has a consensus rating of “Moderate Buy” and a consensus target price of $136.25.

DTE Energy Trading Up 1.1 %

Shares of NYSE:DTE opened at $129.21 on Friday. DTE Energy has a 52-week low of $103.06 and a 52-week high of $131.66. The company has a market capitalization of $26.76 billion, a P/E ratio of 17.51, a price-to-earnings-growth ratio of 2.25 and a beta of 0.68. The company has a 50-day simple moving average of $121.09 and a 200 day simple moving average of $122.97. 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 (NYSE:DTE) last issued its earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.01. DTE Energy had a net margin of 12.33% and a return on equity of 13.42%. Sell-side analysts forecast that DTE Energy will post 6.77 earnings per share for the current year.

DTE Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 17th will be paid a $1.09 dividend. The ex-dividend date is Monday, March 17th. This represents a $4.36 annualized dividend and a yield of 3.37%. DTE Energy’s dividend payout ratio (DPR) is currently 59.08%.

DTE Energy 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.