Robbins Farley Takes Position in DTE Energy (NYSE:DTE)

Robbins Farley purchased a new position in DTE Energy (NYSE:DTE) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 472 shares of the utilities provider’s stock, valued at approximately $57,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new position in DTE Energy during the third quarter worth about $30,000. Prospera Private Wealth LLC acquired a new stake in DTE Energy in the 3rd quarter valued at about $35,000. Ashton Thomas Securities LLC acquired a new position in DTE Energy during the 3rd quarter worth approximately $35,000. Versant Capital Management Inc increased its holdings in shares of DTE Energy by 890.0% in the 4th quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 267 shares during the last quarter. Finally, Coastline Trust Co purchased a new position in shares of DTE Energy in the 3rd quarter valued at $39,000. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DTE. UBS Group raised shares of DTE Energy from a “neutral” rating to a “buy” rating and upped their target price for the company from $129.00 to $143.00 in a report on Tuesday, December 3rd. Scotiabank raised their price objective on shares of DTE Energy from $137.00 to $147.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. BMO Capital Markets raised their target price on DTE Energy from $135.00 to $140.00 and gave the company a “market perform” rating in a report on Friday, October 18th. Barclays upped their target price on shares of DTE Energy from $128.00 to $137.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Finally, Guggenheim raised DTE Energy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $136.25.

DTE Energy Stock Up 0.9 %

DTE opened at $120.94 on Tuesday. The stock’s fifty day moving average is $121.29 and its 200-day moving average is $122.66. The company has a market capitalization of $25.05 billion, a PE ratio of 16.39, a P/E/G ratio of 2.20 and a beta of 0.68. DTE Energy has a one year low of $102.78 and a one year high of $131.66. 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th were issued a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 3.61%. The ex-dividend date was Monday, December 16th. This is an increase from DTE Energy’s previous quarterly dividend of $1.02. DTE Energy’s payout ratio is presently 59.08%.

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.