Crews Bank & Trust Purchases Shares of 1,171 DTE Energy (NYSE:DTE)

Crews Bank & Trust acquired a new position in shares of DTE Energy (NYSE:DTE) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,171 shares of the utilities provider’s stock, valued at approximately $141,000.

A number of other hedge funds have also modified their holdings of the stock. Legacy Investment Solutions LLC purchased a new stake in shares of DTE Energy in the 3rd quarter valued at approximately $30,000. Prospera Private Wealth LLC acquired a new stake in DTE Energy during the 3rd quarter valued at $35,000. Ashton Thomas Securities LLC acquired a new stake in shares of DTE Energy in the third quarter worth $35,000. Versant Capital Management Inc boosted its position in shares of DTE Energy by 890.0% in the fourth quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock worth $36,000 after buying an additional 267 shares during the period. Finally, Coastline Trust Co purchased a new position in shares of DTE Energy during the third quarter valued at $39,000. 76.06% of the stock is currently owned by institutional investors and hedge funds.

DTE Energy Stock Up 0.5 %

Shares of DTE stock opened at $119.92 on Friday. The stock’s 50 day simple moving average is $121.38 and its 200 day simple moving average is $122.52. DTE Energy has a twelve month low of $102.78 and a twelve month high of $131.66. 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 company has a market capitalization of $24.84 billion, a price-to-earnings ratio of 16.25, a PEG ratio of 2.16 and a beta of 0.68.

DTE Energy Increases Dividend

The company 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. The ex-dividend date was Monday, December 16th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.64%. DTE Energy’s dividend payout ratio (DPR) is currently 59.08%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on DTE shares. UBS Group raised DTE Energy from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $129.00 to $143.00 in a research note on Tuesday, December 3rd. Barclays boosted their price objective on shares of DTE Energy from $128.00 to $137.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. KeyCorp downgraded shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. Jefferies Financial Group started coverage on shares of DTE Energy in a report on Monday, October 21st. They set a “hold” rating and a $137.00 price target on the stock. Finally, Guggenheim upgraded DTE Energy from a “neutral” rating to a “buy” rating in a 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.