LifeWealth Investments LLC Makes New $338,000 Investment in DTE Energy Company (NYSE:DTE)

LifeWealth Investments LLC bought a new position in DTE Energy Company (NYSE:DTE - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 2,442 shares of the utilities provider's stock, valued at approximately $338,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. UMB Bank n.a. increased its stake in shares of DTE Energy by 0.9% in the first quarter. UMB Bank n.a. now owns 9,041 shares of the utilities provider's stock valued at $1,250,000 after buying an additional 78 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of DTE Energy by 8.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,205 shares of the utilities provider's stock valued at $146,000 after buying an additional 90 shares during the period. My Legacy Advisors LLC increased its stake in shares of DTE Energy by 2.4% in the first quarter. My Legacy Advisors LLC now owns 4,132 shares of the utilities provider's stock valued at $571,000 after buying an additional 95 shares during the period. Bernard Wealth Management Corp. increased its stake in shares of DTE Energy by 1.0% in the first quarter. Bernard Wealth Management Corp. now owns 10,190 shares of the utilities provider's stock valued at $1,409,000 after buying an additional 101 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of DTE Energy by 0.4% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 27,281 shares of the utilities provider's stock valued at $3,294,000 after buying an additional 110 shares during the period. Institutional investors and hedge funds own 76.06% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DTE. BMO Capital Markets increased their price target on DTE Energy from $135.00 to $142.00 and gave the company a "market perform" rating in a research note on Monday, April 21st. Guggenheim increased their price target on DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a research note on Friday, March 21st. Morgan Stanley decreased their price target on DTE Energy from $136.00 to $134.00 and set an "overweight" rating for the company in a research note on Thursday, May 22nd. Evercore ISI raised their target price on DTE Energy from $136.00 to $145.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Finally, Wall Street Zen cut DTE Energy from a "hold" rating to a "sell" rating in a research note on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $140.93.

DTE Energy Stock Up 0.4%

NYSE:DTE traded up $0.50 on Friday, hitting $132.30. The stock had a trading volume of 1,604,686 shares, compared to its average volume of 1,267,289. The business's fifty day moving average is $135.06 and its 200 day moving average is $129.48. The company has a market cap of $27.45 billion, a PE ratio of 17.88, a P/E/G ratio of 2.40 and a beta of 0.45. The company has a quick ratio of 0.59, a current ratio of 0.87 and a debt-to-equity ratio of 1.82. DTE Energy Company has a 52 week low of $108.40 and a 52 week high of $140.39.

DTE Energy (NYSE:DTE - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The utilities provider reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.12. The business 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 earned $1.67 earnings per share. On average, equities research analysts expect that DTE Energy Company will post 7.18 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be issued a $1.09 dividend. The ex-dividend date is Monday, September 15th. This represents a $4.36 annualized dividend and a yield of 3.30%. DTE Energy's payout ratio is currently 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.