DTE Energy (NYSE:DTE) Stake Raised by Stifel Financial Corp

Stifel Financial Corp raised its holdings in DTE Energy (NYSE:DTE - Free Report) by 17.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 89,703 shares of the utilities provider's stock after acquiring an additional 13,229 shares during the period. Stifel Financial Corp's holdings in DTE Energy were worth $11,519,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of DTE. Diversified Trust Co purchased a new position in DTE Energy during the second quarter worth about $279,000. Wealth Enhancement Advisory Services LLC increased its holdings in DTE Energy by 23.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 17,263 shares of the utilities provider's stock valued at $1,916,000 after purchasing an additional 3,273 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in DTE Energy by 4.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 5,014 shares of the utilities provider's stock valued at $557,000 after purchasing an additional 222 shares during the period. Blue Trust Inc. lifted its stake in DTE Energy by 9.7% during the second quarter. Blue Trust Inc. now owns 1,995 shares of the utilities provider's stock worth $224,000 after purchasing an additional 176 shares in the last quarter. Finally, Gradient Investments LLC boosted its position in shares of DTE Energy by 91.0% during the second quarter. Gradient Investments LLC now owns 1,333 shares of the utilities provider's stock worth $148,000 after buying an additional 635 shares during the period. Institutional investors and hedge funds own 76.06% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on DTE. Jefferies Financial Group assumed coverage on DTE Energy in a report on Monday, October 21st. They issued a "hold" rating and a $137.00 price objective on the stock. StockNews.com raised shares of DTE Energy from a "sell" rating to a "hold" rating in a research report on Tuesday, November 5th. Mizuho lifted their price objective 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. UBS Group upgraded shares of DTE Energy from a "neutral" rating to a "buy" rating and increased their target price for the stock from $129.00 to $143.00 in a report on Tuesday, December 3rd. Finally, Morgan Stanley cut their price objective on DTE Energy from $131.00 to $128.00 and set an "overweight" rating on the stock in a research report on Friday, November 22nd. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, DTE Energy presently has an average rating of "Moderate Buy" and a consensus target price of $134.31.

DTE Energy Stock Down 0.2 %

DTE stock traded down $0.22 during midday trading on Thursday, hitting $120.78. 1,287,382 shares of the company's stock were exchanged, compared to its average volume of 1,127,193. The firm has a 50 day moving average price of $123.96 and a 200-day moving average price of $120.41. DTE Energy has a 12-month low of $102.17 and a 12-month high of $131.66. The stock has a market capitalization of $25.01 billion, a price-to-earnings ratio of 16.42, a price-to-earnings-growth ratio of 2.24 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 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. The ex-dividend date of this dividend is Monday, December 16th. This represents a $4.36 annualized dividend and a dividend yield of 3.61%. DTE Energy's dividend payout ratio (DPR) is presently 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.