Nisa Investment Advisors LLC Has $6.46 Million Holdings in DTE Energy (NYSE:DTE)

Nisa Investment Advisors LLC grew its position in DTE Energy (NYSE:DTE) by 9.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,019 shares of the utilities provider’s stock after acquiring an additional 4,425 shares during the period. Nisa Investment Advisors LLC’s holdings in DTE Energy were worth $6,460,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of DTE. Farther Finance Advisors LLC raised 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 purchasing an additional 81 shares during the last quarter. Signaturefd LLC raised its holdings in shares of DTE Energy by 3.1% in the third quarter. Signaturefd LLC now owns 2,889 shares of the utilities provider’s stock valued at $371,000 after buying an additional 86 shares during the last quarter. Tidal Investments LLC lifted its position in DTE Energy by 4.0% during the 3rd quarter. Tidal Investments LLC now owns 2,490 shares of the utilities provider’s stock worth $320,000 after buying an additional 96 shares in the last quarter. Centennial Wealth Advisory LLC increased its position in DTE Energy by 2.1% in the 3rd quarter. Centennial Wealth Advisory LLC now owns 5,338 shares of the utilities provider’s stock valued at $685,000 after acquiring an additional 110 shares in the last quarter. Finally, Bar Harbor Wealth Management raised its stake in shares of DTE Energy by 5.9% in the fourth quarter. Bar Harbor Wealth Management now owns 1,959 shares of the utilities provider’s stock worth $237,000 after acquiring an additional 110 shares during the last quarter. 76.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DTE has been the topic of several research analyst reports. StockNews.com raised shares of DTE Energy from a “sell” rating to a “hold” rating in a research note on Friday. Wells Fargo & Company lifted their target price on DTE Energy from $133.00 to $145.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. UBS Group raised DTE Energy from a “neutral” rating to a “buy” rating and upped their price target for the company from $129.00 to $143.00 in a research note on Tuesday, December 3rd. Morgan Stanley reduced 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 note on Friday, November 22nd. Finally, BMO Capital Markets increased their price objective on shares of DTE Energy from $135.00 to $140.00 and gave the company a “market perform” rating in a report on Friday, October 18th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, DTE Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.25.

DTE Energy Trading Down 0.4 %

Shares of NYSE DTE opened at $119.07 on Friday. DTE Energy has a twelve month low of $102.50 and a twelve month high of $131.66. The stock has a market cap of $24.66 billion, a price-to-earnings ratio of 16.13, a P/E/G ratio of 2.07 and a beta of 0.68. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 1.76. The company’s fifty day moving average is $121.61 and its 200-day moving average is $122.23.

DTE Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th were paid a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 3.66%. This is a boost from DTE Energy’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend was Monday, December 16th. DTE Energy’s payout ratio is presently 59.08%.

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.