Coldstream Capital Management Inc. Acquires 246 Shares of DTE Energy (NYSE:DTE)

Coldstream Capital Management Inc. boosted its holdings in DTE Energy (NYSE:DTE) by 6.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,978 shares of the utilities provider’s stock after acquiring an additional 246 shares during the period. Coldstream Capital Management Inc.’s holdings in DTE Energy were worth $507,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. State Street Corp increased its holdings in shares of DTE Energy by 7.0% in the third quarter. State Street Corp now owns 10,193,572 shares of the utilities provider’s stock valued at $1,319,264,000 after purchasing an additional 662,569 shares during the last quarter. Mizuho Securities USA LLC boosted its holdings in shares of DTE Energy by 44,009.5% during the 3rd quarter. Mizuho Securities USA LLC now owns 7,039,000 shares of the utilities provider’s stock worth $903,878,000 after buying an additional 7,023,042 shares during the period. Ameriprise Financial Inc. grew its stake in DTE Energy by 1.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,557,309 shares of the utilities provider’s stock valued at $616,938,000 after buying an additional 86,205 shares during the last quarter. Janus Henderson Group PLC raised its holdings in DTE Energy by 2.4% in the 3rd quarter. Janus Henderson Group PLC now owns 2,720,265 shares of the utilities provider’s stock valued at $349,309,000 after acquiring an additional 64,880 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its position in DTE Energy by 3.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,667,111 shares of the utilities provider’s stock worth $185,066,000 after acquiring an additional 59,811 shares during the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on DTE shares. StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th. Morgan Stanley lowered their price objective on DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. Barclays boosted their target price on shares of DTE Energy from $128.00 to $137.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Wells Fargo & Company raised their price target on shares of DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, Mizuho lifted their price objective on shares of DTE Energy from $121.00 to $133.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, DTE Energy currently has a consensus rating of “Moderate Buy” and an average target price of $134.31.

DTE Energy Price Performance

DTE stock opened at $121.28 on Friday. The company has a 50 day simple moving average of $123.71 and a 200 day simple moving average of $120.52. The stock has a market cap of $25.12 billion, a price-to-earnings ratio of 16.43, a P/E/G ratio of 2.23 and a beta of 0.68. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.83 and a quick ratio of 0.62. DTE Energy has a 1 year low of $102.17 and a 1 year high of $131.66.

DTE Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th will be issued a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend is Monday, December 16th. This is a boost from DTE Energy’s previous quarterly dividend of $1.02. DTE Energy’s dividend payout ratio 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.