DTE Energy (NYSE:DTE) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its position in DTE Energy (NYSE:DTE - Free Report) by 156.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,258 shares of the utilities provider's stock after acquiring an additional 27,601 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in DTE Energy were worth $5,465,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mattson Financial Services LLC acquired a new stake in shares of DTE Energy in the fourth quarter worth $38,000. Robbins Farley purchased a new stake in DTE Energy in the fourth quarter valued at $57,000. Kestra Investment Management LLC acquired a new stake in DTE Energy during the 4th quarter worth about $57,000. Colonial Trust Co SC grew its position in DTE Energy by 1,266.7% during the 4th quarter. Colonial Trust Co SC now owns 656 shares of the utilities provider's stock worth $79,000 after purchasing an additional 608 shares during the period. Finally, Flagship Wealth Advisors LLC purchased a new position in shares of DTE Energy during the 4th quarter valued at about $87,000. Institutional investors and hedge funds own 76.06% of the company's stock.

Analyst Upgrades and Downgrades

DTE has been the topic of a number of recent research reports. BMO Capital Markets upped their target price on DTE Energy from $135.00 to $142.00 and gave the stock a "market perform" rating in a research note on Monday, April 21st. Wells Fargo & Company upped their price objective on DTE Energy from $145.00 to $154.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Barclays lowered shares of DTE Energy from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $137.00 to $135.00 in a report on Thursday, February 20th. Evercore ISI increased their price target on shares of DTE Energy from $136.00 to $145.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Finally, Guggenheim raised their price target on shares of DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a research report on Friday, March 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, DTE Energy has an average rating of "Moderate Buy" and an average target price of $140.93.

DTE Energy Price Performance

Shares of DTE traded down $2.15 during mid-day trading on Wednesday, hitting $133.41. 1,159,006 shares of the company were exchanged, compared to its average volume of 1,250,146. The stock has a market cap of $27.68 billion, a price-to-earnings ratio of 19.71, a price-to-earnings-growth ratio of 2.41 and a beta of 0.47. DTE Energy has a 1-year low of $108.40 and a 1-year high of $140.39. The company has a 50 day moving average of $134.83 and a 200-day moving average of $128.62. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71.

DTE Energy (NYSE:DTE - Get Free Report) last announced its earnings results on Thursday, May 1st. The utilities provider reported $2.10 EPS for the quarter, beating analysts' consensus estimates of $1.98 by $0.12. The business had revenue of $3.37 billion during the quarter, compared to analysts' expectations of $3.33 billion. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. During the same quarter in the prior year, the firm earned $1.67 earnings per share. Analysts expect that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 16th will be paid a dividend of $1.09 per share. The ex-dividend date is Monday, June 16th. This represents a $4.36 annualized dividend and a yield of 3.27%. DTE Energy's dividend payout ratio (DPR) is presently 58.92%.

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.