DTE Energy (NYSE:DTE) Shares Acquired by Yousif Capital Management LLC

Yousif Capital Management LLC increased its holdings in shares of DTE Energy (NYSE:DTE - Free Report) by 21.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,175 shares of the utilities provider's stock after purchasing an additional 6,035 shares during the quarter. Yousif Capital Management LLC's holdings in DTE Energy were worth $4,127,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nordea Investment Management AB boosted its holdings in DTE Energy by 2,235.2% during the 4th quarter. Nordea Investment Management AB now owns 221,237 shares of the utilities provider's stock valued at $26,706,000 after acquiring an additional 211,763 shares during the period. Patton Albertson Miller Group LLC boosted its holdings in DTE Energy by 7.6% during the 4th quarter. Patton Albertson Miller Group LLC now owns 46,931 shares of the utilities provider's stock valued at $5,667,000 after acquiring an additional 3,306 shares during the period. Hancock Whitney Corp boosted its holdings in 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 acquiring an additional 5,725 shares during the period. Point72 DIFC Ltd purchased a new position in DTE Energy during the 3rd quarter valued at about $650,000. Finally, Blueshift Asset Management LLC purchased a new position in DTE Energy during the 3rd quarter valued at about $583,000. 76.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DTE has been the subject of a number of research analyst reports. KeyCorp cut DTE Energy from an "overweight" rating to a "sector weight" rating in a report on Wednesday, December 4th. Morgan Stanley decreased their price objective on DTE Energy from $131.00 to $128.00 and set an "overweight" rating for the company in a research note on Friday, November 22nd. StockNews.com upgraded DTE Energy from a "sell" rating to a "hold" rating in a research note on Friday, January 24th. Guggenheim upgraded DTE Energy from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company lifted 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. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $136.25.

DTE Energy Stock Performance

DTE traded up $1.15 during trading on Tuesday, hitting $124.86. 924,533 shares of the stock were exchanged, compared to its average volume of 1,093,575. The firm has a market capitalization of $25.86 billion, a P/E ratio of 16.92, a PEG ratio of 2.25 and a beta of 0.68. DTE Energy has a 1-year low of $103.06 and a 1-year high of $131.66. The stock has a fifty day moving average price of $120.91 and a two-hundred day moving average price of $122.88. 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be given a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend is Monday, March 17th. DTE Energy's dividend payout ratio (DPR) is 59.08%.

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.