Savant Capital LLC Boosts Holdings in DTE Energy (NYSE:DTE)

Savant Capital LLC grew its position in DTE Energy (NYSE:DTE) by 37.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,426 shares of the utilities provider’s stock after purchasing an additional 2,021 shares during the quarter. Savant Capital LLC’s holdings in DTE Energy were worth $897,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Kestra Private Wealth Services LLC grew its stake in DTE Energy by 46.9% during the 4th quarter. Kestra Private Wealth Services LLC now owns 6,871 shares of the utilities provider’s stock worth $830,000 after buying an additional 2,195 shares during the last quarter. Miller Howard Investments Inc. NY grew its stake in shares of DTE Energy by 1.3% during the fourth quarter. Miller Howard Investments Inc. NY now owns 11,821 shares of the utilities provider’s stock worth $1,427,000 after acquiring an additional 155 shares during the last quarter. Stephens Inc. AR increased its holdings in shares of DTE Energy by 26.0% during the fourth quarter. Stephens Inc. AR now owns 4,474 shares of the utilities provider’s stock valued at $540,000 after acquiring an additional 923 shares in the last quarter. Empowered Funds LLC raised its position in shares of DTE Energy by 8.8% in the 4th quarter. Empowered Funds LLC now owns 3,295 shares of the utilities provider’s stock valued at $398,000 after purchasing an additional 267 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its stake in DTE Energy by 22.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,469 shares of the utilities provider’s stock worth $177,000 after purchasing an additional 265 shares in the last quarter. 76.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on DTE. Morgan Stanley lowered their price objective on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. Wells Fargo & Company lifted their price target on DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. UBS Group raised DTE Energy from a “neutral” rating to a “buy” rating and increased their price objective for the company from $129.00 to $143.00 in a report on Tuesday, December 3rd. Jefferies Financial Group assumed coverage on DTE Energy in a report on Monday, October 21st. They set a “hold” rating and a $137.00 target price for the company. Finally, BMO Capital Markets increased 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $136.25.

DTE Energy Stock Up 1.1 %

DTE stock 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 quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 1.76. The firm has a 50-day simple moving average of $121.09 and a 200-day simple moving average of $122.97. The stock has a market capitalization of $26.76 billion, a P/E ratio of 17.51, a P/E/G ratio of 2.25 and a beta of 0.68.

DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.51 EPS for the quarter, topping the consensus estimate of $1.50 by $0.01. DTE Energy had a return on equity of 13.42% and a net margin of 12.33%. Equities analysts forecast that DTE Energy will post 6.77 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be paid a dividend of $1.09 per share. 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 presently 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.