Avitas Wealth Management LLC Raises Stock Holdings in DTE Energy (NYSE:DTE)

Avitas Wealth Management LLC increased its stake in shares of DTE Energy (NYSE:DTE) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,972 shares of the utilities provider’s stock after purchasing an additional 138 shares during the quarter. Avitas Wealth Management LLC’s holdings in DTE Energy were worth $2,895,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new stake in shares of DTE Energy during the third quarter worth about $30,000. Ashton Thomas Securities LLC acquired a new stake in DTE Energy during the third quarter worth approximately $35,000. Prospera Private Wealth LLC purchased a new stake in DTE Energy in the 3rd quarter worth approximately $35,000. Versant Capital Management Inc raised its holdings in DTE Energy by 890.0% in the 4th quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 267 shares during the last quarter. Finally, Coastline Trust Co purchased a new position in shares of DTE Energy during the 3rd quarter worth $39,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Trading Down 0.1 %

NYSE:DTE opened at $120.75 on Wednesday. The business’s 50-day moving average is $121.20 and its two-hundred day moving average is $122.69. The firm has a market capitalization of $25.01 billion, a PE ratio of 16.36, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68. DTE Energy has a 12 month low of $102.78 and a 12 month high of $131.66. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.83 and a quick ratio of 0.62.

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 given a dividend of $1.09 per share. The ex-dividend date was Monday, December 16th. This is a positive change from DTE Energy’s previous quarterly dividend of $1.02. This represents a $4.36 annualized dividend and a yield of 3.61%. DTE Energy’s payout ratio is 59.08%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on DTE shares. Scotiabank lifted their price objective on DTE Energy from $137.00 to $147.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. KeyCorp downgraded shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Morgan Stanley decreased their target price on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. BMO Capital Markets upped their price target on shares of DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. Finally, Wells Fargo & Company lifted their price target on shares of DTE Energy from $133.00 to $145.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $136.25.

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.