Jacobs Levy Equity Management Inc. Sells 17,194 Shares of DTE Energy (NYSE:DTE)

Jacobs Levy Equity Management Inc. lowered its position in DTE Energy (NYSE:DTE - Free Report) by 65.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,198 shares of the utilities provider's stock after selling 17,194 shares during the quarter. Jacobs Levy Equity Management Inc.'s holdings in DTE Energy were worth $1,181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in DTE. Janus Henderson Group PLC raised its holdings in shares of DTE Energy by 2.4% during the third quarter. Janus Henderson Group PLC now owns 2,720,265 shares of the utilities provider's stock valued at $349,309,000 after purchasing an additional 64,880 shares during the period. HighTower Advisors LLC raised its position in shares of DTE Energy by 3.1% during the third quarter. HighTower Advisors LLC now owns 75,373 shares of the utilities provider's stock worth $9,674,000 after purchasing an additional 2,246 shares during the period. Centiva Capital LP lifted its holdings in shares of DTE Energy by 218.3% in the 3rd quarter. Centiva Capital LP now owns 9,849 shares of the utilities provider's stock worth $1,265,000 after purchasing an additional 6,755 shares in the last quarter. Benjamin Edwards Inc. bought a new stake in DTE Energy during the 3rd quarter valued at $279,000. Finally, Atom Investors LP raised its holdings in DTE Energy by 33.2% during the third quarter. Atom Investors LP now owns 2,540 shares of the utilities provider's stock worth $326,000 after buying an additional 633 shares during the last quarter. Institutional investors own 76.06% of the company's stock.

Wall Street Analysts Forecast Growth

DTE has been the topic of a number of recent research reports. Barclays raised their target price on DTE Energy from $128.00 to $137.00 and gave the company an "overweight" rating in a report on Monday, October 7th. BMO Capital Markets lifted their price objective on shares of DTE Energy from $135.00 to $140.00 and gave the stock a "market perform" rating in a report on Friday, October 18th. Mizuho increased their target price 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 upgraded shares of DTE Energy from a "sell" rating to a "hold" rating in a report on Tuesday, November 5th. Finally, UBS Group raised shares of DTE Energy from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $129.00 to $143.00 in a research report on Tuesday, December 3rd. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $133.54.

DTE Energy Price Performance

NYSE:DTE traded up $0.05 during trading hours on Monday, hitting $121.62. The stock had a trading volume of 486,636 shares, compared to its average volume of 1,119,883. The firm has a market capitalization of $25.19 billion, a price-to-earnings ratio of 16.47, a P/E/G ratio of 2.24 and a beta of 0.68. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.83 and a quick ratio of 0.62. DTE Energy has a one year low of $102.17 and a one year high of $131.66. The company has a 50 day simple moving average of $124.38 and a two-hundred day simple moving average of $120.27.

DTE Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 16th will be issued a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date is Monday, December 16th. This is an increase from DTE Energy's previous quarterly dividend of $1.02. 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.