DTE Energy (NYSE:DTE) Shares Acquired by Czech National Bank

Czech National Bank raised its position in DTE Energy (NYSE:DTE - Free Report) by 6.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,904 shares of the utilities provider's stock after purchasing an additional 2,732 shares during the quarter. Czech National Bank's holdings in DTE Energy were worth $5,422,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Nordea Investment Management AB raised its holdings in shares of DTE Energy by 2,235.2% in the 4th quarter. Nordea Investment Management AB now owns 221,237 shares of the utilities provider's stock worth $26,706,000 after purchasing an additional 211,763 shares during the period. Hancock Whitney Corp raised its holdings in shares of DTE Energy by 80.0% during the 3rd quarter. Hancock Whitney Corp now owns 12,885 shares of the utilities provider's stock valued at $1,655,000 after buying an additional 5,725 shares during the period. Bank of Montreal Can raised its holdings in shares of DTE Energy by 19.0% during the 2nd quarter. Bank of Montreal Can now owns 269,031 shares of the utilities provider's stock valued at $30,220,000 after buying an additional 42,960 shares during the period. Point72 DIFC Ltd purchased a new stake in shares of DTE Energy during the 3rd quarter valued at about $650,000. Finally, Blueshift Asset Management LLC purchased a new stake in shares of DTE Energy during the 3rd quarter valued at about $583,000. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on DTE. Morgan Stanley dropped their target price on DTE Energy from $131.00 to $128.00 and set an "overweight" rating on the stock in a report on Friday, November 22nd. Barclays raised their target price on DTE Energy from $128.00 to $137.00 and gave the company an "overweight" rating in a report on Monday, October 7th. Scotiabank raised their price objective on DTE Energy from $137.00 to $147.00 and gave the company a "sector outperform" rating in a research note on Thursday, December 12th. UBS Group upgraded DTE Energy from a "neutral" rating to a "buy" rating and raised their price objective for the company from $129.00 to $143.00 in a research note on Tuesday, December 3rd. Finally, Wells Fargo & Company raised their price objective on DTE Energy from $133.00 to $145.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $134.31.

DTE Energy Stock Performance

Shares of DTE traded up $2.27 during mid-day trading on Thursday, hitting $122.88. The stock had a trading volume of 903,628 shares, compared to its average volume of 851,483. The company has a market cap of $25.45 billion, a PE ratio of 16.65, a PEG ratio of 2.05 and a beta of 0.68. The company's fifty day simple moving average is $121.19 and its two-hundred day simple moving average is $121.78. 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 fifty-two week low of $102.17 and a fifty-two week high of $131.66.

DTE Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 16th were given a dividend of $1.09 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $4.36 dividend on an annualized basis and a yield of 3.55%. This is a positive change from DTE Energy's previous quarterly dividend of $1.02. DTE Energy's payout ratio is currently 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.