Greenleaf Trust Increases Stock Holdings in DTE Energy (NYSE:DTE)

Greenleaf Trust increased its stake in DTE Energy (NYSE:DTE) by 4.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,502 shares of the utilities provider’s stock after acquiring an additional 232 shares during the quarter. Greenleaf Trust’s holdings in DTE Energy were worth $664,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC purchased a new position in shares of DTE Energy in the second quarter valued at approximately $2,736,000. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in DTE Energy by 44.4% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,194 shares of the utilities provider’s stock valued at $355,000 after purchasing an additional 982 shares in the last quarter. Czech National Bank boosted its stake in DTE Energy by 6.9% during the 3rd quarter. Czech National Bank now owns 42,172 shares of the utilities provider’s stock worth $5,415,000 after purchasing an additional 2,739 shares during the last quarter. GAMMA Investing LLC boosted its stake in DTE Energy by 25.9% during the 3rd quarter. GAMMA Investing LLC now owns 5,917 shares of the utilities provider’s stock worth $760,000 after purchasing an additional 1,216 shares during the last quarter. Finally, City Holding Co. raised its position in shares of DTE Energy by 1.7% in the third quarter. City Holding Co. now owns 7,357 shares of the utilities provider’s stock valued at $945,000 after buying an additional 125 shares during the last quarter. 76.06% of the stock is currently owned by institutional investors and hedge funds.

DTE Energy Trading Down 0.1 %

Shares of DTE stock opened at $120.75 on Wednesday. DTE Energy has a 1-year low of $102.78 and a 1-year high of $131.66. The firm has a market cap of $25.01 billion, a PE ratio of 16.36, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68. The company has a 50-day moving average of $121.20 and a two-hundred day 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 business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 16th were issued a $1.09 dividend. 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 dividend payout ratio (DPR) is 59.08%.

Analysts Set New Price Targets

DTE has been the topic of a number of recent research reports. Morgan Stanley lowered their price target on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. BMO Capital Markets boosted their target price on DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. Guggenheim raised DTE Energy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Jefferies Financial Group began coverage on DTE Energy in a research note on Monday, October 21st. They set a “hold” rating and a $137.00 price objective on the stock. Finally, Wells Fargo & Company raised their target price on DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.