Leo Wealth LLC Buys New Shares in DTE Energy (NYSE:DTE)

Leo Wealth LLC purchased a new position in DTE Energy (NYSE:DTE - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 9,138 shares of the utilities provider's stock, valued at approximately $1,103,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of DTE. Bleakley Financial Group LLC raised its holdings in shares of DTE Energy by 2.3% during the fourth quarter. Bleakley Financial Group LLC now owns 4,345 shares of the utilities provider's stock valued at $525,000 after acquiring an additional 96 shares during the period. Centennial Wealth Advisory LLC raised its stake in DTE Energy by 5.2% during the 4th quarter. Centennial Wealth Advisory LLC now owns 5,615 shares of the utilities provider's stock valued at $678,000 after purchasing an additional 277 shares during the period. Foguth Wealth Management LLC. lifted its holdings in shares of DTE Energy by 28.0% in the fourth quarter. Foguth Wealth Management LLC. now owns 4,100 shares of the utilities provider's stock valued at $488,000 after purchasing an additional 898 shares in the last quarter. Choreo LLC boosted its position in shares of DTE Energy by 7.1% in the fourth quarter. Choreo LLC now owns 9,066 shares of the utilities provider's stock worth $1,094,000 after buying an additional 603 shares during the period. Finally, Tectonic Advisors LLC grew its holdings in shares of DTE Energy by 4.2% during the fourth quarter. Tectonic Advisors LLC now owns 5,466 shares of the utilities provider's stock valued at $660,000 after buying an additional 220 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company's stock.

DTE Energy Stock Up 0.5 %

Shares of NYSE DTE traded up $0.56 during mid-day trading on Monday, reaching $123.26. 461,406 shares of the company traded hands, compared to its average volume of 1,074,784. The company's fifty day moving average is $120.91 and its two-hundred day moving average is $122.84. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.83. DTE Energy has a fifty-two week low of $103.06 and a fifty-two week high of $131.66. The stock has a market cap of $25.53 billion, a PE ratio of 16.69, a price-to-earnings-growth ratio of 2.25 and a beta of 0.68.

DTE Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be given a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date is Monday, March 17th. DTE Energy's dividend payout ratio is 59.08%.

Analysts Set New Price Targets

Several brokerages recently issued reports on DTE. Jefferies Financial Group started coverage on DTE Energy in a research note on Monday, October 21st. They issued a "hold" rating and a $137.00 price objective for the company. Scotiabank raised their price target on shares of DTE Energy from $137.00 to $147.00 and gave the stock a "sector outperform" rating in a report on Thursday, December 12th. Wells Fargo & Company upped their price objective on shares of DTE Energy from $133.00 to $145.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. KeyCorp lowered shares of DTE Energy from an "overweight" rating to a "sector weight" rating in a research note on Wednesday, December 4th. Finally, Guggenheim raised shares of DTE Energy from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, DTE Energy presently has an average rating of "Moderate Buy" and a consensus price target of $136.25.

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.