Capital Asset Advisory Services LLC Purchases 532 Shares of DTE Energy (NYSE:DTE)

Capital Asset Advisory Services LLC increased its position in DTE Energy (NYSE:DTE) by 14.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,212 shares of the utilities provider’s stock after purchasing an additional 532 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in DTE Energy were worth $512,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its stake in DTE Energy by 2.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,588 shares of the utilities provider’s stock valued at $461,000 after buying an additional 81 shares in the last quarter. Signaturefd LLC boosted its stake in shares of DTE Energy by 3.1% in the 3rd quarter. Signaturefd LLC now owns 2,889 shares of the utilities provider’s stock valued at $371,000 after purchasing an additional 86 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of DTE Energy by 4.0% in the 3rd quarter. Tidal Investments LLC now owns 2,490 shares of the utilities provider’s stock worth $320,000 after purchasing an additional 96 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of DTE Energy by 1.4% in the 4th quarter. Fifth Third Bancorp now owns 7,441 shares of the utilities provider’s stock worth $899,000 after purchasing an additional 103 shares during the last quarter. Finally, Blue Trust Inc. increased its position in shares of DTE Energy by 3.6% during the 4th quarter. Blue Trust Inc. now owns 3,150 shares of the utilities provider’s stock worth $404,000 after purchasing an additional 108 shares in the last quarter. 76.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Wells Fargo & Company upped their price objective on shares of DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a report on Friday. Guggenheim upgraded DTE Energy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Barclays increased their target price on DTE Energy from $128.00 to $137.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Finally, Scotiabank lifted their price target on DTE Energy from $137.00 to $147.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $136.25.

DTE Energy Trading Up 2.2 %

Shares of NYSE DTE opened at $121.72 on Tuesday. DTE Energy has a fifty-two week low of $102.78 and a fifty-two week high of $131.66. The firm has a market capitalization of $25.21 billion, a P/E ratio of 16.49, a P/E/G ratio of 2.07 and a beta of 0.68. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.83 and a quick ratio of 0.62. The company’s 50 day simple moving average is $121.59 and its 200 day simple moving average is $122.49.

DTE Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th were given a $1.09 dividend. This is a positive change from DTE Energy’s previous quarterly dividend of $1.02. This represents a $4.36 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend was Monday, December 16th. DTE Energy’s dividend payout ratio (DPR) is currently 59.08%.

DTE Energy Company 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.