DTE Energy (NYSE:DTE) Stock Position Lifted by Edgestream Partners L.P.

Edgestream Partners L.P. grew its holdings in shares of DTE Energy (NYSE:DTE - Free Report) by 124.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,637 shares of the utilities provider's stock after buying an additional 6,452 shares during the period. Edgestream Partners L.P.'s holdings in DTE Energy were worth $1,494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC raised its stake in DTE Energy by 2.3% during the third 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 period. Signaturefd LLC grew its position in DTE Energy by 3.1% during the third quarter. Signaturefd LLC now owns 2,889 shares of the utilities provider's stock valued at $371,000 after purchasing an additional 86 shares in the last quarter. Aptus Capital Advisors LLC lifted its stake in shares of DTE Energy by 3.7% in the second quarter. Aptus Capital Advisors LLC now owns 2,632 shares of the utilities provider's stock worth $292,000 after buying an additional 94 shares during the last quarter. ASB Consultores LLC increased its holdings in DTE Energy by 4.9% in the 2nd quarter. ASB Consultores LLC now owns 2,179 shares of the utilities provider's stock valued at $242,000 after buying an additional 101 shares during the period. Finally, Centennial Wealth Advisory LLC lifted its position in DTE Energy by 2.1% during the 3rd quarter. Centennial Wealth Advisory LLC now owns 5,338 shares of the utilities provider's stock worth $685,000 after buying an additional 110 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on DTE. UBS Group raised DTE Energy from a "neutral" rating to a "buy" rating and raised their price target for the company from $129.00 to $143.00 in a report on Tuesday. Jefferies Financial Group started coverage on shares of DTE Energy in a research note on Monday, October 21st. They issued a "hold" rating and a $137.00 target price on the stock. 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. StockNews.com upgraded shares of DTE Energy from a "sell" rating to a "hold" rating in a research report on Tuesday, November 5th. Finally, Bank of America lifted their price objective on shares of DTE Energy from $131.00 to $136.00 and gave the company a "buy" rating in a report on Thursday, August 29th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $132.29.

DTE Energy Stock Performance

NYSE:DTE traded down $0.72 during mid-day trading on Wednesday, hitting $122.26. The stock had a trading volume of 1,047,598 shares, compared to its average volume of 1,121,639. 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 capitalization of $25.32 billion, a price-to-earnings ratio of 16.57, a P/E/G ratio of 2.28 and a beta of 0.68. The company has a 50 day simple moving average of $124.56 and a 200-day simple moving average of $120.16. DTE Energy has a 52 week low of $102.17 and a 52 week high of $131.66.

DTE Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th will be given 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 3.57%. DTE Energy's dividend payout ratio is currently 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.