CENTRAL TRUST Co Purchases 499 Shares of DTE Energy (NYSE:DTE)

CENTRAL TRUST Co grew its position in DTE Energy (NYSE:DTEFree Report) by 14.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,050 shares of the utilities provider’s stock after acquiring an additional 499 shares during the period. CENTRAL TRUST Co’s holdings in DTE Energy were worth $489,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new position in shares of DTE Energy in the 3rd quarter valued at $30,000. Prospera Private Wealth LLC bought a new position in shares of DTE Energy in the 3rd quarter valued at $35,000. Ashton Thomas Securities LLC bought a new position in shares of DTE Energy in the 3rd quarter valued at $35,000. Versant Capital Management Inc lifted its stake 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 bought 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.

Analysts Set New Price Targets

A number of analysts recently weighed in on DTE shares. Scotiabank increased their price objective on DTE Energy from $137.00 to $147.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. KeyCorp downgraded DTE Energy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. BMO Capital Markets increased their price objective on DTE Energy from $135.00 to $140.00 and gave the company a “market perform” rating in a report on Friday, October 18th. StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a report on Friday, January 24th. Finally, Morgan Stanley decreased their price objective on DTE Energy from $131.00 to $128.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $136.25.

Read Our Latest Research Report on DTE Energy

DTE Energy Stock Performance

Shares of DTE Energy stock opened at $120.75 on Wednesday. DTE Energy has a one year low of $102.78 and a one year high of $131.66. The firm has a market capitalization of $25.01 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 2.20 and a beta of 0.68. The business has a 50-day simple moving average of $121.20 and a 200 day simple moving average of $122.69. 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 Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 16th were given a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 3.61%. This is a positive change from DTE Energy’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend was Monday, December 16th. DTE Energy’s payout ratio is presently 59.08%.

About DTE Energy

(Free Report)

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.

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Institutional Ownership by Quarter for DTE Energy (NYSE:DTE)

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