J.W. Cole Advisors Inc. Buys New Stake in DTE Energy Company (NYSE:DTE)

J.W. Cole Advisors Inc. acquired a new position in DTE Energy Company (NYSE:DTE - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 18,716 shares of the utilities provider's stock, valued at approximately $2,588,000.

Several other institutional investors and hedge funds have also made changes to their positions in DTE. Capital World Investors boosted its holdings in shares of DTE Energy by 123.2% during the 4th quarter. Capital World Investors now owns 6,823,231 shares of the utilities provider's stock worth $823,905,000 after purchasing an additional 3,766,221 shares during the last quarter. GAMMA Investing LLC lifted its holdings in DTE Energy by 14,878.4% in the first quarter. GAMMA Investing LLC now owns 1,183,591 shares of the utilities provider's stock valued at $163,655,000 after acquiring an additional 1,175,689 shares during the last quarter. Vanguard Group Inc. lifted its holdings in DTE Energy by 3.6% in the fourth quarter. Vanguard Group Inc. now owns 25,286,380 shares of the utilities provider's stock valued at $3,053,330,000 after acquiring an additional 879,670 shares during the last quarter. Balyasny Asset Management L.P. lifted its holdings in DTE Energy by 1,794.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 920,569 shares of the utilities provider's stock valued at $111,159,000 after acquiring an additional 871,978 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in DTE Energy by 750.0% in the fourth quarter. AQR Capital Management LLC now owns 964,655 shares of the utilities provider's stock valued at $116,482,000 after acquiring an additional 851,169 shares during the last quarter. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Barclays upped their price objective on DTE Energy from $136.00 to $138.00 and gave the company an "equal weight" rating in a report on Tuesday, July 15th. Citigroup reiterated a "buy" rating and issued a $151.00 price objective (up from $142.00) on shares of DTE Energy in a report on Friday, May 23rd. Wells Fargo & Company boosted their target price on DTE Energy from $145.00 to $154.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Morgan Stanley cut their target price on DTE Energy from $136.00 to $134.00 and set an "overweight" rating on the stock in a research report on Thursday, May 22nd. Finally, Wall Street Zen lowered DTE Energy from a "hold" rating to a "sell" rating in a research report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $141.53.

DTE Energy Stock Up 0.6%

Shares of DTE Energy stock traded up $0.89 during trading hours on Thursday, reaching $139.06. 331,333 shares of the company were exchanged, compared to its average volume of 1,398,957. DTE Energy Company has a 1 year low of $115.59 and a 1 year high of $140.39. The stock's fifty day moving average is $134.29 and its 200 day moving average is $131.42. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.59 and a current ratio of 0.87. The firm has a market cap of $28.86 billion, a PE ratio of 18.79, a PEG ratio of 2.77 and a beta of 0.44.

DTE Energy (NYSE:DTE - Get Free Report) last posted its earnings results on Thursday, May 1st. The utilities provider reported $2.10 EPS for the quarter, beating the consensus estimate of $1.98 by $0.12. The firm had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.33 billion. DTE Energy had a return on equity of 13.00% and a net margin of 11.25%. During the same quarter in the prior year, the company posted $1.67 earnings per share. As a group, equities research analysts forecast that DTE Energy Company will post 7.18 earnings per share for the current year.

DTE Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be issued a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend is Monday, September 15th. DTE Energy's dividend payout ratio (DPR) is presently 58.92%.

DTE Energy 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.