Quantum Financial Advisors LLC Buys 146 Shares of DTE Energy (NYSE:DTE)

Quantum Financial Advisors LLC raised its stake in DTE Energy (NYSE:DTE) by 8.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,950 shares of the utilities provider’s stock after purchasing an additional 146 shares during the period. Quantum Financial Advisors LLC’s holdings in DTE Energy were worth $270,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mattson Financial Services LLC bought a new stake in DTE Energy in the fourth quarter valued at $38,000. Robbins Farley bought a new stake in DTE Energy in the fourth quarter valued at $57,000. Kestra Investment Management LLC bought a new stake in DTE Energy in the fourth quarter valued at $57,000. Colonial Trust Co SC increased its stake in DTE Energy by 1,266.7% in the fourth quarter. Colonial Trust Co SC now owns 656 shares of the utilities provider’s stock valued at $79,000 after purchasing an additional 608 shares in the last quarter. Finally, Flagship Wealth Advisors LLC bought a new stake in DTE Energy in the fourth quarter valued at $87,000. 76.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on DTE. Morgan Stanley decreased their price target on shares of DTE Energy from $136.00 to $134.00 and set an “overweight” rating for the company in a research note on Thursday, May 22nd. Citigroup reiterated a “buy” rating and set a $151.00 price objective (up from $142.00) on shares of DTE Energy in a report on Friday, May 23rd. Wall Street Zen cut shares of DTE Energy from a “hold” rating to a “sell” rating in a report on Friday, May 16th. Wells Fargo & Company lifted their price objective on shares of DTE Energy from $145.00 to $154.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Finally, BMO Capital Markets lifted their price objective on shares of DTE Energy from $135.00 to $142.00 and gave the company a “market perform” rating in a report on Monday, April 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $140.93.

DTE Energy Stock Up 0.3%

DTE Energy stock opened at $136.67 on Friday. DTE Energy has a fifty-two week low of $108.40 and a fifty-two week high of $140.39. The stock has a market cap of $28.36 billion, a PE ratio of 20.19, a price-to-earnings-growth ratio of 2.41 and a beta of 0.47. The firm’s 50-day simple moving average is $134.80 and its 200 day simple moving average is $128.39. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71.

DTE Energy (NYSE:DTE) last released its quarterly earnings results on Thursday, May 1st. The utilities provider reported $2.10 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.12. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. The business had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $3.33 billion. During the same period in the previous year, the company earned $1.67 earnings per share. Research analysts predict that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 16th will be issued a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Monday, June 16th. DTE Energy’s dividend payout ratio (DPR) is presently 58.92%.

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.