Quotient Wealth Partners LLC Trims Stock Holdings in DTE Energy (NYSE:DTE)

Quotient Wealth Partners LLC lessened its position in shares of DTE Energy (NYSE:DTE) by 20.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,195 shares of the utilities provider’s stock after selling 558 shares during the quarter. Quotient Wealth Partners LLC’s holdings in DTE Energy were worth $265,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Legacy Investment Solutions LLC purchased a new stake in DTE Energy in the third quarter valued at approximately $30,000. Prospera Private Wealth LLC acquired a new stake in DTE Energy during the 3rd quarter valued at approximately $35,000. Ashton Thomas Securities LLC purchased a new stake in shares of DTE Energy in the 3rd quarter valued at $35,000. Versant Capital Management Inc increased its stake in shares of DTE Energy by 890.0% in the fourth quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 267 shares during the period. Finally, Coastline Trust Co purchased a new position in shares of DTE Energy during the third quarter worth $39,000. 76.06% of the stock is owned by institutional investors and hedge funds.

DTE Energy Stock Up 0.1 %

Shares of NYSE DTE opened at $122.68 on Monday. The firm has a market cap of $25.41 billion, a price-to-earnings ratio of 16.62, a price-to-earnings-growth ratio of 2.25 and a beta of 0.68. The company’s 50-day simple moving average is $120.91 and its 200-day simple moving average is $122.81. 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 has a 52-week low of $102.78 and a 52-week high of $131.66.

DTE Energy Announces Dividend

The company also recently disclosed 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 3.55%. DTE Energy’s dividend payout ratio (DPR) is currently 59.08%.

Analysts Set New Price Targets

DTE has been the topic of several recent research reports. UBS Group raised shares of DTE Energy from a “neutral” rating to a “buy” rating and upped their price target for the company from $129.00 to $143.00 in a report on Tuesday, December 3rd. KeyCorp downgraded DTE Energy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Wells Fargo & Company raised their target price on DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Jefferies Financial Group began coverage on DTE Energy in a report on Monday, October 21st. They issued a “hold” rating and a $137.00 price target for the company. Finally, 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. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, DTE Energy currently has a consensus rating of “Moderate Buy” and an average price target of $136.25.

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.