Duff & Phelps Investment Management Co. Acquires 30,909 Shares of DTE Energy (NYSE:DTE)

Duff & Phelps Investment Management Co. boosted its stake in shares of DTE Energy (NYSE:DTE - Free Report) by 3.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 907,345 shares of the utilities provider's stock after purchasing an additional 30,909 shares during the period. DTE Energy makes up approximately 1.3% of Duff & Phelps Investment Management Co.'s portfolio, making the stock its 24th biggest holding. Duff & Phelps Investment Management Co. owned 0.44% of DTE Energy worth $116,512,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Cetera Advisors LLC purchased a new position in DTE Energy in the 1st quarter valued at $708,000. SG Americas Securities LLC lifted its holdings in DTE Energy by 89.5% during the 2nd quarter. SG Americas Securities LLC now owns 58,960 shares of the utilities provider's stock worth $6,545,000 after buying an additional 27,843 shares in the last quarter. Czech National Bank grew its holdings in DTE Energy by 8.6% during the 2nd quarter. Czech National Bank now owns 39,433 shares of the utilities provider's stock worth $4,377,000 after acquiring an additional 3,108 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in DTE Energy by 3.0% during the second quarter. Sequoia Financial Advisors LLC now owns 12,993 shares of the utilities provider's stock worth $1,442,000 after purchasing an additional 379 shares during the last quarter. Finally, Foguth Wealth Management LLC. boosted its stake in DTE Energy by 8.1% in the second quarter. Foguth Wealth Management LLC. now owns 2,455 shares of the utilities provider's stock valued at $273,000 after acquiring an additional 183 shares in the last quarter. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on DTE shares. LADENBURG THALM/SH SH assumed coverage on shares of DTE Energy in a research report on Wednesday, August 14th. They issued a "buy" rating and a $131.00 price objective for the company. Barclays raised their price objective on shares of DTE Energy from $128.00 to $137.00 and gave the stock an "overweight" rating in a research note on Monday, October 7th. Wells Fargo & Company lifted their price target on shares of DTE Energy from $133.00 to $145.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. Scotiabank upped their price objective on shares of DTE Energy from $120.00 to $137.00 and gave the company a "sector outperform" rating in a research note on Tuesday, August 20th. Finally, BMO Capital Markets boosted their price objective on shares of DTE Energy from $135.00 to $140.00 and gave the company a "market perform" rating in a research note on Friday, October 18th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $133.54.

DTE Energy Stock Up 0.2 %

Shares of DTE traded up $0.24 on Monday, hitting $121.81. The company's stock had a trading volume of 1,454,329 shares, compared to its average volume of 1,124,027. The firm's fifty day moving average price is $124.38 and its 200-day moving average price is $120.27. DTE Energy has a fifty-two week low of $102.17 and a fifty-two week high of $131.66. The firm has a market capitalization of $25.23 billion, a price-to-earnings ratio of 16.47, a P/E/G ratio of 2.24 and a beta of 0.68. 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 announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th will be given a $1.09 dividend. The ex-dividend date is Monday, December 16th. This is a boost from DTE Energy's previous quarterly dividend of $1.02. This represents a $4.36 annualized dividend and a dividend yield of 3.58%. DTE Energy's payout ratio is presently 55.28%.

DTE Energy Company 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.