Kestra Private Wealth Services LLC Has $830,000 Stock Position in DTE Energy (NYSE:DTE)

Kestra Private Wealth Services LLC raised its stake in DTE Energy (NYSE:DTE - Free Report) by 46.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 6,871 shares of the utilities provider's stock after purchasing an additional 2,195 shares during the period. Kestra Private Wealth Services LLC's holdings in DTE Energy were worth $830,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of DTE. Nordea Investment Management AB grew its position in DTE Energy by 2,235.2% in the 4th quarter. Nordea Investment Management AB now owns 221,237 shares of the utilities provider's stock worth $26,706,000 after purchasing an additional 211,763 shares during the last quarter. Patton Albertson Miller Group LLC grew its position in DTE Energy by 7.6% in the 4th quarter. Patton Albertson Miller Group LLC now owns 46,931 shares of the utilities provider's stock worth $5,667,000 after purchasing an additional 3,306 shares during the last quarter. Hancock Whitney Corp grew its position in DTE Energy by 80.0% in the 3rd quarter. Hancock Whitney Corp now owns 12,885 shares of the utilities provider's stock worth $1,655,000 after purchasing an additional 5,725 shares during the last quarter. Point72 DIFC Ltd bought a new position in DTE Energy in the 3rd quarter worth about $650,000. Finally, Blueshift Asset Management LLC bought a new position in DTE Energy in the 3rd quarter worth about $583,000. Institutional investors own 76.06% of the company's stock.

Analyst Upgrades and Downgrades

DTE has been the subject of several recent analyst reports. Wells Fargo & Company upped their target price on shares of DTE Energy from $133.00 to $145.00 and gave the stock an "overweight" rating in a research report on Friday, October 25th. Scotiabank upped 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 reduced their price target on shares of DTE Energy from $131.00 to $128.00 and set an "overweight" rating for the company in a research note on Friday, November 22nd. Guggenheim raised shares of DTE Energy from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Finally, 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 price target for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, DTE Energy has an average rating of "Moderate Buy" and an average target price of $136.25.

DTE Energy Price Performance

DTE stock traded up $0.85 on Tuesday, hitting $129.89. 344,701 shares of the company's stock traded hands, compared to its average volume of 1,148,964. 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 $26.90 billion, a price-to-earnings ratio of 17.60, a P/E/G ratio of 2.25 and a beta of 0.68. DTE Energy has a 1-year low of $103.06 and a 1-year high of $131.66. The stock has a fifty day moving average of $121.39 and a 200-day moving average of $123.12.

DTE Energy (NYSE:DTE - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.01. DTE Energy had a net margin of 12.33% and a return on equity of 13.42%. On average, analysts forecast that DTE Energy will post 6.77 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be paid a $1.09 dividend. The ex-dividend date is Monday, March 17th. This represents a $4.36 annualized dividend and a yield of 3.36%. DTE Energy's dividend payout ratio is presently 64.40%.

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.