Atlantic Edge Private Wealth Management LLC decreased its position in DTE Energy (NYSE:DTE - Free Report) by 90.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 655 shares of the utilities provider's stock after selling 5,890 shares during the quarter. Atlantic Edge Private Wealth Management LLC's holdings in DTE Energy were worth $79,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Savant Capital LLC lifted its holdings in shares of DTE Energy by 37.4% in the 4th quarter. Savant Capital LLC now owns 7,426 shares of the utilities provider's stock worth $897,000 after purchasing an additional 2,021 shares during the last quarter. Kestra Private Wealth Services LLC raised its stake in DTE Energy by 46.9% during the 4th quarter. Kestra Private Wealth Services LLC now owns 6,871 shares of the utilities provider's stock valued at $830,000 after acquiring an additional 2,195 shares in the last quarter. Miller Howard Investments Inc. NY raised its stake in DTE Energy by 1.3% during the 4th quarter. Miller Howard Investments Inc. NY now owns 11,821 shares of the utilities provider's stock valued at $1,427,000 after acquiring an additional 155 shares in the last quarter. Stephens Inc. AR raised its stake in DTE Energy by 26.0% during the 4th quarter. Stephens Inc. AR now owns 4,474 shares of the utilities provider's stock valued at $540,000 after acquiring an additional 923 shares in the last quarter. Finally, Empowered Funds LLC raised its stake in DTE Energy by 8.8% during the 4th quarter. Empowered Funds LLC now owns 3,295 shares of the utilities provider's stock valued at $398,000 after acquiring an additional 267 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company's stock.
DTE Energy Price Performance
Shares of NYSE DTE traded up $1.18 during mid-day trading on Friday, reaching $128.99. The company had a trading volume of 1,074,752 shares, compared to its average volume of 1,146,893. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76. The stock has a market cap of $26.71 billion, a PE ratio of 17.50, a P/E/G ratio of 2.25 and a beta of 0.68. The company has a 50-day moving average price of $121.09 and a two-hundred day moving average price of $122.97. DTE Energy has a 1-year low of $103.06 and a 1-year high of $131.66.
DTE Energy (NYSE:DTE - Get Free Report) last issued its earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.50 by $0.01. DTE Energy had a return on equity of 13.42% and a net margin of 12.33%. On average, equities analysts anticipate that DTE Energy will post 6.77 earnings per share for the current year.
DTE Energy Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be issued a dividend of $1.09 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.38%. DTE Energy's dividend payout ratio is 59.08%.
Analysts Set New Price Targets
Several analysts have weighed in on DTE shares. Wells Fargo & Company lifted their target price on DTE Energy from $133.00 to $145.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. Scotiabank lifted their target price 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. BMO Capital Markets lifted their target price on DTE Energy from $135.00 to $140.00 and gave the company a "market perform" rating in a research note on Friday, October 18th. StockNews.com downgraded DTE Energy from a "hold" rating to a "sell" rating in a research note on Thursday. Finally, Morgan Stanley dropped their price objective 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, DTE Energy presently has a consensus rating of "Moderate Buy" and an average price target of $136.25.
Check Out Our Latest Stock Analysis on DTE
DTE Energy Profile
(
Free Report)
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.
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