International Assets Investment Management LLC Buys Shares of 11,564 DTE Energy (NYSE:DTE)

International Assets Investment Management LLC acquired a new stake in DTE Energy (NYSE:DTE - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 11,564 shares of the utilities provider's stock, valued at approximately $1,400,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Private Advisor Group LLC lifted its holdings in DTE Energy by 2.5% during the 2nd quarter. Private Advisor Group LLC now owns 16,754 shares of the utilities provider's stock worth $1,860,000 after buying an additional 412 shares during the last quarter. Savant Capital LLC increased its position in shares of DTE Energy by 3.5% during the second quarter. Savant Capital LLC now owns 5,261 shares of the utilities provider's stock worth $584,000 after purchasing an additional 176 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of DTE Energy in the 2nd quarter valued at about $331,000. Wedbush Securities Inc. lifted its holdings in shares of DTE Energy by 7.8% in the 2nd quarter. Wedbush Securities Inc. now owns 3,705 shares of the utilities provider's stock valued at $411,000 after purchasing an additional 268 shares during the last quarter. Finally, Choreo LLC boosted its position in shares of DTE Energy by 57.5% in the 2nd quarter. Choreo LLC now owns 8,213 shares of the utilities provider's stock valued at $897,000 after purchasing an additional 3,000 shares during the period. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. StockNews.com upgraded DTE Energy from a "sell" rating to a "hold" rating in a research note on Tuesday, November 5th. Scotiabank increased their price target on shares of DTE Energy from $137.00 to $147.00 and gave the stock a "sector outperform" rating in a research note on Thursday, December 12th. Morgan Stanley dropped their price objective on shares of DTE Energy from $131.00 to $128.00 and set an "overweight" rating on the stock in a research note on Friday, November 22nd. 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. Finally, KeyCorp cut DTE Energy from an "overweight" rating to a "sector weight" rating in a research note on Wednesday, December 4th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, DTE Energy has an average rating of "Moderate Buy" and an average price target of $134.31.

DTE Energy Price Performance

Shares of DTE stock traded up $0.68 during mid-day trading on Thursday, reaching $121.06. The stock had a trading volume of 814,858 shares, compared to its average volume of 830,392. The company has a market cap of $25.07 billion, a P/E ratio of 16.40, a price-to-earnings-growth 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 has a 12-month low of $102.17 and a 12-month high of $131.66. The business has a 50-day simple moving average of $121.41 and a 200 day simple moving average of $121.48.

DTE Energy Increases Dividend

The firm 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 $1.09 dividend. The ex-dividend date of this dividend is Monday, December 16th. This is a positive change from DTE Energy's previous quarterly dividend of $1.02. This represents a $4.36 annualized dividend and a dividend yield of 3.60%. DTE Energy's dividend payout ratio is currently 59.08%.

DTE Energy 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.