Tectonic Advisors LLC Buys 220 Shares of DTE Energy (NYSE:DTE)

Tectonic Advisors LLC grew its stake in DTE Energy (NYSE:DTE) by 4.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,466 shares of the utilities provider’s stock after acquiring an additional 220 shares during the quarter. Tectonic Advisors LLC’s holdings in DTE Energy were worth $660,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Legacy Investment Solutions LLC acquired a new position in DTE Energy during the third quarter valued at approximately $30,000. Ashton Thomas Securities LLC bought a new position in shares of DTE Energy during the third quarter worth $35,000. Prospera Private Wealth LLC acquired a new position in shares of DTE Energy in the 3rd quarter valued at $35,000. Versant Capital Management Inc grew 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 buying an additional 267 shares during the period. Finally, Coastline Trust Co acquired a new stake in DTE Energy during the 3rd quarter worth $39,000. 76.06% of the stock is currently owned by institutional investors and hedge funds.

DTE Energy Trading Up 1.6 %

Shares of NYSE:DTE opened at $122.63 on Thursday. The company’s 50-day moving average price is $121.11 and its two-hundred day moving average price is $122.72. 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 current ratio of 0.83 and a quick ratio of 0.62. The stock has a market capitalization of $25.40 billion, a PE ratio of 16.62, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68.

DTE Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors 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 3.56%. The ex-dividend date of this dividend was Monday, December 16th. This is a positive change from DTE Energy’s previous quarterly dividend of $1.02. DTE Energy’s dividend payout ratio is presently 59.08%.

Analyst Upgrades and Downgrades

DTE has been the subject of a number of research analyst reports. Morgan Stanley decreased their target price on DTE Energy from $131.00 to $128.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. UBS Group upgraded DTE Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $129.00 to $143.00 in a research report on Tuesday, December 3rd. Scotiabank raised their target price 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. StockNews.com raised shares of DTE Energy from a “sell” rating to a “hold” rating in a research note on Friday, January 24th. Finally, Jefferies Financial Group began coverage on shares of DTE Energy in a research report on Monday, October 21st. They set a “hold” rating and a $137.00 price objective for the company. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $136.25.

About DTE Energy

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.