SkyOak Wealth LLC Buys 85 Shares of DTE Energy (NYSE:DTE)

SkyOak Wealth LLC boosted its position in DTE Energy (NYSE:DTE) by 4.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,174 shares of the utilities provider’s stock after acquiring an additional 85 shares during the quarter. SkyOak Wealth LLC’s holdings in DTE Energy were worth $262,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new position in shares of DTE Energy in the 3rd quarter worth about $30,000. Prospera Private Wealth LLC purchased a new stake in DTE Energy in the third quarter worth approximately $35,000. Ashton Thomas Securities LLC bought a new position in DTE Energy during the third quarter valued at approximately $35,000. Versant Capital Management Inc raised its stake in shares of DTE Energy by 890.0% during the fourth quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 267 shares in the last quarter. Finally, Coastline Trust Co bought a new stake in shares of DTE Energy in the 3rd quarter worth approximately $39,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on DTE shares. Wells Fargo & Company increased their target price on shares of DTE Energy from $133.00 to $145.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Barclays lifted their price objective on DTE Energy from $128.00 to $137.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Morgan Stanley dropped their price objective 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. Guggenheim upgraded shares of DTE Energy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, 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. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $136.25.

DTE Energy Trading Up 0.5 %

DTE opened at $119.92 on Monday. The stock has a market cap of $24.84 billion, a PE ratio of 16.25, a PEG ratio of 2.16 and a beta of 0.68. The business has a 50 day moving average of $121.29 and a 200-day moving average of $122.62. DTE Energy has a 52 week low of $102.78 and a 52 week high of $131.66. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 1.76.

DTE Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th were given a $1.09 dividend. The ex-dividend date was Monday, December 16th. This is an increase from DTE Energy’s previous quarterly dividend of $1.02. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.64%. DTE Energy’s dividend payout ratio is currently 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.