DTE Energy (NYSE:DTE) Shares Acquired by Advance Capital Management Inc.

Advance Capital Management Inc. boosted its position in shares of DTE Energy (NYSE:DTE) by 26.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,481 shares of the utilities provider’s stock after purchasing an additional 929 shares during the period. Advance Capital Management Inc.’s holdings in DTE Energy were worth $541,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Foundations Investment Advisors LLC purchased a new position in shares of DTE Energy during the 2nd quarter valued at approximately $286,000. TD Asset Management Inc lifted its position in shares of DTE Energy by 6.8% during the second quarter. TD Asset Management Inc now owns 192,559 shares of the utilities provider’s stock worth $21,376,000 after purchasing an additional 12,236 shares during the last quarter. National Bank of Canada FI grew its stake in DTE Energy by 21.6% in the second quarter. National Bank of Canada FI now owns 81,457 shares of the utilities provider’s stock worth $8,889,000 after purchasing an additional 14,466 shares in the last quarter. Private Advisor Group LLC raised its stake in DTE Energy by 2.5% during the second quarter. Private Advisor Group LLC now owns 16,754 shares of the utilities provider’s stock valued at $1,860,000 after buying an additional 412 shares in the last quarter. Finally, Savant Capital LLC lifted its holdings in DTE Energy by 3.5% during the 2nd quarter. Savant Capital LLC now owns 5,261 shares of the utilities provider’s stock worth $584,000 after buying an additional 176 shares during the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

DTE Energy Price Performance

Shares of DTE Energy stock traded down $2.08 on Monday, hitting $119.50. The company had a trading volume of 785,865 shares, compared to its average volume of 713,572. DTE Energy has a 52 week low of $102.17 and a 52 week high of $131.66. The company has a market cap of $24.75 billion, a PE ratio of 16.19, a PEG ratio of 2.23 and a beta of 0.68. The business has a 50-day simple moving average of $121.75 and a 200-day simple moving average of $121.36. 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 16th will be issued a dividend of $1.09 per share. This is a positive change from DTE Energy’s previous quarterly dividend of $1.02. This represents a $4.36 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend is Monday, December 16th. DTE Energy’s payout ratio is presently 59.08%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DTE. Scotiabank raised their price objective on DTE Energy from $137.00 to $147.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Wells Fargo & Company boosted their price objective on shares of DTE Energy from $133.00 to $145.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Barclays raised their target price on shares of DTE Energy from $128.00 to $137.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th. Finally, BMO Capital Markets boosted their price objective on DTE Energy from $135.00 to $140.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $134.31.

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.