DTE Energy (NYSE:DTE) Holdings Raised by Barclays PLC

Barclays PLC increased its position in shares of DTE Energy (NYSE:DTE - Free Report) by 11.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 755,084 shares of the utilities provider's stock after purchasing an additional 80,543 shares during the quarter. Barclays PLC owned 0.36% of DTE Energy worth $96,961,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of DTE. Legacy Investment Solutions LLC acquired a new stake in DTE Energy during the 3rd quarter valued at $30,000. Prospera Private Wealth LLC purchased a new stake in shares of DTE Energy in the third quarter valued at $35,000. Ashton Thomas Securities LLC acquired a new stake in shares of DTE Energy during the third quarter valued at $35,000. Ridgewood Investments LLC purchased a new stake in DTE Energy during the 2nd quarter worth about $31,000. Finally, Coastline Trust Co acquired a new position in DTE Energy in the 3rd quarter valued at about $39,000. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DTE has been the topic of a number of research analyst reports. LADENBURG THALM/SH SH initiated coverage on DTE Energy in a research note on Wednesday, August 14th. They issued a "buy" rating and a $131.00 price target on the stock. Barclays raised their target price on shares of DTE Energy from $128.00 to $137.00 and gave the stock an "overweight" rating in a research report on Monday, October 7th. KeyCorp lowered shares of DTE Energy from an "overweight" rating to a "sector weight" rating in a research report on Wednesday, December 4th. Morgan Stanley decreased their price target on shares of DTE Energy from $131.00 to $128.00 and set an "overweight" rating on the stock in a report on Friday, November 22nd. Finally, Mizuho boosted their price objective on shares of DTE Energy from $121.00 to $133.00 and gave the company an "outperform" rating in a research note on Tuesday, September 10th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $134.31.

DTE Energy Stock Performance

DTE stock traded down $0.22 during midday trading on Thursday, reaching $120.78. The company had a trading volume of 1,287,382 shares, compared to its average volume of 1,127,193. The firm has a market capitalization of $25.01 billion, a PE ratio of 16.42, a P/E/G ratio of 2.24 and a beta of 0.68. The stock has a 50 day moving average price of $123.96 and a 200 day moving average price of $120.41. DTE Energy has a fifty-two week low of $102.17 and a fifty-two 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.

DTE Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors 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 dividend yield of 3.61%. The ex-dividend date is Monday, December 16th. This is a boost from DTE Energy's previous quarterly dividend of $1.02. DTE Energy's dividend payout ratio (DPR) is 59.08%.

About DTE Energy

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.