Centennial Wealth Advisory LLC Has $678,000 Stake in DTE Energy (NYSE:DTE)

Centennial Wealth Advisory LLC lifted its position in shares of DTE Energy (NYSE:DTE) by 5.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,615 shares of the utilities provider’s stock after buying an additional 277 shares during the quarter. Centennial Wealth Advisory LLC’s holdings in DTE Energy were worth $678,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC increased its position 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. SkyOak Wealth LLC raised its position in shares of DTE Energy by 4.1% during the fourth quarter. SkyOak Wealth LLC now owns 2,174 shares of the utilities provider’s stock worth $262,000 after purchasing an additional 85 shares during the period. Signaturefd LLC lifted its holdings 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 worth $371,000 after purchasing an additional 86 shares in the last quarter. Stratos Wealth Partners LTD. grew its position in DTE Energy by 4.5% in the 4th quarter. Stratos Wealth Partners LTD. now owns 2,139 shares of the utilities provider’s stock valued at $258,000 after purchasing an additional 92 shares during the period. Finally, Tidal Investments LLC grew its position in DTE Energy by 4.0% in the 3rd quarter. Tidal Investments LLC now owns 2,490 shares of the utilities provider’s stock valued at $320,000 after purchasing an additional 96 shares during the period. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Stock Performance

NYSE:DTE opened at $122.63 on Thursday. DTE Energy has a 52-week low of $102.78 and a 52-week high of $131.66. The firm has a market cap of $25.40 billion, a price-to-earnings ratio of 16.62, a PEG ratio of 2.20 and a beta of 0.68. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.83. The business’s fifty day moving average is $121.11 and its 200 day moving average is $122.72.

DTE Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 16th were given a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date was Monday, December 16th. This is an increase from DTE Energy’s previous quarterly dividend of $1.02. DTE Energy’s dividend payout ratio (DPR) is 59.08%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on DTE shares. StockNews.com upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a report on Friday, January 24th. KeyCorp lowered DTE Energy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. BMO Capital Markets lifted their price objective on shares of DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. UBS Group raised shares of DTE Energy from a “neutral” rating to a “buy” rating and raised their price target for the company from $129.00 to $143.00 in a research report on Tuesday, December 3rd. Finally, Guggenheim raised shares of DTE Energy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $136.25.

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.