Toronto Dominion Bank Buys 28,254 Shares of DTE Energy (NYSE:DTE)

Toronto Dominion Bank increased its position in shares of DTE Energy (NYSE:DTE - Free Report) by 43.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 92,671 shares of the utilities provider's stock after buying an additional 28,254 shares during the period. Toronto Dominion Bank's holdings in DTE Energy were worth $11,900,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its stake in DTE Energy by 2.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,588 shares of the utilities provider's stock valued at $461,000 after acquiring an additional 81 shares during the period. Signaturefd LLC lifted its stake in shares of DTE Energy by 3.1% during the 3rd quarter. Signaturefd LLC now owns 2,889 shares of the utilities provider's stock worth $371,000 after buying an additional 86 shares during the last quarter. Aptus Capital Advisors LLC boosted its holdings in shares of DTE Energy by 3.7% during the 2nd quarter. Aptus Capital Advisors LLC now owns 2,632 shares of the utilities provider's stock worth $292,000 after buying an additional 94 shares during the period. ASB Consultores LLC grew its stake in DTE Energy by 4.9% in the 2nd quarter. ASB Consultores LLC now owns 2,179 shares of the utilities provider's stock valued at $242,000 after buying an additional 101 shares during the last quarter. Finally, Centennial Wealth Advisory LLC raised its holdings in DTE Energy by 2.1% in the 3rd quarter. Centennial Wealth Advisory LLC now owns 5,338 shares of the utilities provider's stock valued at $685,000 after acquiring an additional 110 shares during the period. 76.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

DTE has been the subject of a number of research analyst reports. Jefferies Financial Group began coverage on DTE Energy in a report on Monday, October 21st. They set a "hold" rating and a $137.00 price objective for the company. Barclays boosted their price target on DTE Energy from $128.00 to $137.00 and gave the company an "overweight" rating in a research note on Monday, October 7th. Mizuho upped their price objective on DTE Energy from $121.00 to $133.00 and gave the company an "outperform" rating in a report on Tuesday, September 10th. Wells Fargo & Company lifted their target price on DTE Energy from $133.00 to $145.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. Finally, KeyCorp downgraded shares of 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 given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $134.31.

DTE Energy Price Performance

NYSE:DTE traded up $0.50 during mid-day trading on Friday, reaching $121.28. The stock had a trading volume of 1,439,497 shares, compared to its average volume of 1,128,490. The stock has a 50-day simple moving average of $123.71 and a two-hundred day simple moving average of $120.52. 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 12 month low of $102.17 and a 12 month high of $131.66. The stock has a market capitalization of $25.12 billion, a PE ratio of 16.43, a P/E/G ratio of 2.23 and a beta of 0.68.

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 issued a dividend of $1.09 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.59%. This is a boost from DTE Energy's previous quarterly dividend of $1.02. DTE Energy's payout ratio is 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.