Miller Howard Investments Inc. NY Increases Stock Holdings in DTE Energy (NYSE:DTE)

Miller Howard Investments Inc. NY grew its stake in DTE Energy (NYSE:DTE) by 1.3% during the fourth quarter, HoldingsChannel reports. The firm owned 11,821 shares of the utilities provider’s stock after purchasing an additional 155 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in DTE Energy were worth $1,427,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Farther Finance Advisors LLC increased its stake 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 valued at $461,000 after buying an additional 81 shares during the period. SkyOak Wealth LLC raised its stake in shares of DTE Energy by 4.1% during the 4th quarter. SkyOak Wealth LLC now owns 2,174 shares of the utilities provider’s stock worth $262,000 after buying an additional 85 shares in the last quarter. Signaturefd LLC boosted 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 valued at $371,000 after buying an additional 86 shares in the last quarter. Stratos Wealth Partners LTD. grew its holdings in DTE Energy by 4.5% during the fourth quarter. Stratos Wealth Partners LTD. now owns 2,139 shares of the utilities provider’s stock worth $258,000 after acquiring an additional 92 shares during the period. Finally, Tidal Investments LLC lifted its holdings in DTE Energy by 4.0% in the third quarter. Tidal Investments LLC now owns 2,490 shares of the utilities provider’s stock valued at $320,000 after acquiring an additional 96 shares during the period. Hedge funds and other institutional investors own 76.06% of the company’s stock.

DTE Energy Trading Up 0.1 %

DTE stock opened at $122.68 on Friday. 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 company has a market cap of $25.41 billion, a price-to-earnings ratio of 16.62, a PEG ratio of 2.25 and a beta of 0.68. The business has a fifty day simple moving average of $120.91 and a 200-day simple moving average of $122.76. DTE Energy has a 52 week low of $102.78 and a 52 week high of $131.66.

DTE Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be issued a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date is Monday, March 17th. DTE Energy’s payout ratio is currently 59.08%.

Wall Street Analyst Weigh In

DTE has been the subject of a number of research reports. Jefferies Financial Group assumed coverage on shares of DTE Energy in a research report on Monday, October 21st. They set a “hold” rating and a $137.00 price target for the company. Guggenheim raised shares of DTE Energy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. 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 research note on Friday, October 18th. KeyCorp cut DTE Energy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Finally, Scotiabank upped their price objective on DTE Energy from $137.00 to $147.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.25.

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.