Pacer Advisors Inc. Has $3.72 Million Position in DTE Energy (NYSE:DTE)

Pacer Advisors Inc. lifted its position in shares of DTE Energy (NYSE:DTE - Free Report) by 100.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 30,822 shares of the utilities provider's stock after acquiring an additional 15,412 shares during the period. Pacer Advisors Inc.'s holdings in DTE Energy were worth $3,722,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of DTE. Farther Finance Advisors LLC grew its position in DTE Energy by 2.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,588 shares of the utilities provider's stock worth $461,000 after purchasing an additional 81 shares during the last quarter. Signaturefd LLC grew its holdings in DTE Energy by 3.1% in the 3rd quarter. Signaturefd LLC now owns 2,889 shares of the utilities provider's stock worth $371,000 after buying an additional 86 shares in the last quarter. Tidal Investments LLC increased its position in DTE Energy by 4.0% in the 3rd quarter. Tidal Investments LLC now owns 2,490 shares of the utilities provider's stock valued at $320,000 after acquiring an additional 96 shares during the period. Fifth Third Bancorp raised its stake in DTE Energy by 1.4% during the 4th quarter. Fifth Third Bancorp now owns 7,441 shares of the utilities provider's stock valued at $899,000 after acquiring an additional 103 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in DTE Energy by 3.6% during the 4th quarter. Blue Trust Inc. now owns 3,150 shares of the utilities provider's stock worth $404,000 after acquiring an additional 108 shares during the period. Institutional investors and hedge funds own 76.06% of the company's stock.

DTE Energy Trading Up 0.5 %

Shares of NYSE DTE traded up $0.59 during mid-day trading on Friday, hitting $119.92. 1,394,006 shares of the company traded hands, compared to its average volume of 1,084,610. 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 1 year low of $102.78 and a 1 year high of $131.66. The stock has a market capitalization of $24.84 billion, a price-to-earnings ratio of 16.25, a PEG ratio of 2.16 and a beta of 0.68. The business has a 50 day moving average of $121.38 and a two-hundred day moving average of $122.52.

DTE Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th were issued a $1.09 dividend. This represents a $4.36 annualized dividend and a dividend yield of 3.64%. This is a boost from DTE Energy's previous quarterly dividend of $1.02. The ex-dividend date of this dividend was Monday, December 16th. DTE Energy's dividend payout ratio (DPR) is presently 59.08%.

Analysts Set New Price Targets

DTE has been the topic of a number of research analyst reports. KeyCorp lowered DTE Energy from an "overweight" rating to a "sector weight" rating in a report on Wednesday, December 4th. Morgan Stanley dropped their price target on shares of DTE Energy from $131.00 to $128.00 and set an "overweight" rating on the stock in a research report on Friday, November 22nd. Wells Fargo & Company upped their price target on shares of DTE Energy from $133.00 to $145.00 and gave the stock an "overweight" rating in a research note on Friday, October 25th. Jefferies Financial Group started coverage on shares of DTE Energy in a research note on Monday, October 21st. They set a "hold" rating and a $137.00 price objective on the stock. Finally, Barclays upped their target price on DTE Energy from $128.00 to $137.00 and gave the stock an "overweight" rating in a research report on Monday, October 7th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $136.25.

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.