Hantz Financial Services Inc. Has $5.14 Million Stock Position in DTE Energy (NYSE:DTE)

Hantz Financial Services Inc. lifted its stake in DTE Energy (NYSE:DTEFree Report) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 42,527 shares of the utilities provider’s stock after acquiring an additional 301 shares during the quarter. Hantz Financial Services Inc.’s holdings in DTE Energy were worth $5,135,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nordea Investment Management AB increased its position in shares of DTE Energy by 2,235.2% in the fourth quarter. Nordea Investment Management AB now owns 221,237 shares of the utilities provider’s stock valued at $26,706,000 after acquiring an additional 211,763 shares during the last quarter. Patton Albertson Miller Group LLC increased its position in shares of DTE Energy by 7.6% in the fourth quarter. Patton Albertson Miller Group LLC now owns 46,931 shares of the utilities provider’s stock valued at $5,667,000 after acquiring an additional 3,306 shares during the last quarter. Hancock Whitney Corp increased its position in shares of DTE Energy by 80.0% in the third quarter. Hancock Whitney Corp now owns 12,885 shares of the utilities provider’s stock valued at $1,655,000 after acquiring an additional 5,725 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in shares of DTE Energy in the third quarter valued at about $650,000. Finally, Blueshift Asset Management LLC acquired a new stake in shares of DTE Energy in the third quarter valued at about $583,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Trading Down 0.7 %

Shares of DTE stock opened at $117.82 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76. The stock has a market cap of $24.40 billion, a P/E ratio of 15.96, a price-to-earnings-growth ratio of 2.07 and a beta of 0.68. The stock has a 50 day simple moving average of $121.56 and a 200 day simple moving average of $122.58. DTE Energy has a 1 year low of $102.78 and a 1 year high of $131.66.

DTE Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 16th were paid a $1.09 dividend. This is a boost from DTE Energy’s previous quarterly dividend of $1.02. This represents a $4.36 annualized dividend and a dividend yield of 3.70%. The ex-dividend date of this dividend was Monday, December 16th. DTE Energy’s payout ratio is 59.08%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DTE. Wells Fargo & Company boosted their price target on DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. BMO Capital Markets boosted their price target on DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. UBS Group raised DTE Energy from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $129.00 to $143.00 in a research report on Tuesday, December 3rd. Jefferies Financial Group began coverage on DTE Energy in a research report on Monday, October 21st. They set a “hold” rating and a $137.00 price target on the stock. Finally, Morgan Stanley lowered their price target on DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, DTE Energy currently has an average rating of “Moderate Buy” and an average target price of $136.25.

View Our Latest Stock Report on DTE

DTE Energy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for DTE Energy (NYSE:DTE)

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