DTE Energy (NYSE:DTE) Shares Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC lifted its stake in DTE Energy (NYSE:DTE - Free Report) by 21.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,220 shares of the utilities provider's stock after acquiring an additional 5,243 shares during the period. Sanctuary Advisors LLC's holdings in DTE Energy were worth $3,765,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DTE. Wealth Enhancement Advisory Services LLC increased its position in shares of DTE Energy by 23.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 17,263 shares of the utilities provider's stock worth $1,916,000 after purchasing an additional 3,273 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position in DTE Energy by 4.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 5,014 shares of the utilities provider's stock valued at $557,000 after buying an additional 222 shares in the last quarter. Blue Trust Inc. raised its stake in DTE Energy by 9.7% in the second quarter. Blue Trust Inc. now owns 1,995 shares of the utilities provider's stock valued at $224,000 after buying an additional 176 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in DTE Energy by 0.4% in the second quarter. Nisa Investment Advisors LLC now owns 52,790 shares of the utilities provider's stock valued at $5,915,000 after buying an additional 205 shares during the last quarter. Finally, Carnegie Investment Counsel acquired a new stake in DTE Energy in the second quarter worth about $474,000. Hedge funds and other institutional investors own 76.06% of the company's stock.

DTE Energy Price Performance

NYSE:DTE traded down $0.65 during trading hours on Tuesday, hitting $120.70. 1,756,609 shares of the stock were exchanged, compared to its average volume of 1,136,427. The firm's fifty day moving average price is $123.63 and its 200 day moving average price is $120.65. DTE Energy has a 52-week low of $102.17 and a 52-week high of $131.66. The company has a market cap of $25.00 billion, a P/E ratio of 16.44, a P/E/G ratio of 2.23 and a beta of 0.68. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76.

DTE Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th will be issued a dividend of $1.09 per share. 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 3.61%. The ex-dividend date of this dividend is Monday, December 16th. DTE Energy's payout ratio is currently 59.08%.

Analysts Set New Price Targets

Several analysts have weighed in on DTE shares. Morgan Stanley dropped their price target on DTE Energy from $131.00 to $128.00 and set an "overweight" rating on the stock in a research note on Friday, November 22nd. Bank of America raised their price target on shares of DTE Energy from $131.00 to $136.00 and gave the stock a "buy" rating in a research report on Thursday, August 29th. Mizuho upped their price objective on shares of DTE Energy from $121.00 to $133.00 and gave the company an "outperform" rating in a report on Tuesday, September 10th. StockNews.com raised shares of DTE Energy from a "sell" rating to a "hold" rating in a report on Tuesday, November 5th. Finally, Scotiabank boosted their target price on shares of DTE Energy from $137.00 to $147.00 and gave the company a "sector outperform" rating in a research report on Thursday, December 12th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, DTE Energy presently has an average rating of "Moderate Buy" and a consensus price target of $134.31.

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.