Centiva Capital LP Increases Holdings in DTE Energy (NYSE:DTE)

Centiva Capital LP lifted its holdings in shares of DTE Energy (NYSE:DTE - Free Report) by 218.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,849 shares of the utilities provider's stock after acquiring an additional 6,755 shares during the quarter. Centiva Capital LP's holdings in DTE Energy were worth $1,265,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of DTE. Mizuho Securities USA LLC increased its position in DTE Energy by 44,009.5% in the third 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. Millennium Management LLC increased its holdings in shares of DTE Energy by 42.4% in the second quarter. Millennium Management LLC now owns 543,299 shares of the utilities provider's stock valued at $60,312,000 after buying an additional 161,776 shares in the last quarter. Panagora Asset Management Inc. boosted its position in shares of DTE Energy by 133.2% in the 2nd quarter. Panagora Asset Management Inc. now owns 248,151 shares of the utilities provider's stock valued at $27,547,000 after purchasing an additional 141,718 shares during the period. Beck Bode LLC purchased a new stake in shares of DTE Energy in the 2nd quarter valued at approximately $13,355,000. Finally, Ameriprise Financial Inc. boosted 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 worth $616,938,000 after purchasing an additional 86,205 shares during the period. Institutional investors and hedge funds own 76.06% of the company's stock.

Wall Street Analysts Forecast Growth

DTE has been the subject of a number of research reports. KeyCorp cut DTE Energy from an "overweight" rating to a "sector weight" rating in a research report on Wednesday. UBS Group raised DTE Energy from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $129.00 to $143.00 in a research report on Tuesday. Wells Fargo & Company upped their price objective on shares of DTE Energy from $133.00 to $145.00 and gave the company an "overweight" rating in a research report on Friday, October 25th. StockNews.com raised shares of DTE Energy from a "sell" rating to a "hold" rating in a research report on Tuesday, November 5th. Finally, Mizuho increased their target price on DTE Energy from $121.00 to $133.00 and gave the stock an "outperform" rating in a report on Tuesday, September 10th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $133.54.

DTE Energy Price Performance

DTE stock traded up $0.11 during midday trading on Thursday, reaching $122.40. The company had a trading volume of 1,094,813 shares, compared to its average volume of 1,121,524. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.83 and a quick ratio of 0.62. The company has a market capitalization of $25.35 billion, a P/E ratio of 16.57, a P/E/G ratio of 2.27 and a beta of 0.68. The firm has a 50-day moving average price of $124.56 and a 200-day moving average price of $120.16. 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 disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th will be paid a dividend of $1.09 per share. This is a positive change from DTE Energy's previous quarterly dividend of $1.02. This represents a $4.36 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date is Monday, December 16th. DTE Energy's dividend payout ratio (DPR) is currently 55.28%.

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.