DTE Energy (NYSE:DTE) Shares Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC raised its stake in DTE Energy (NYSE:DTE) by 21.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 30,220 shares of the utilities provider’s stock after acquiring an additional 5,243 shares during the period. Sanctuary Advisors LLC’s holdings in DTE Energy were worth $3,765,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Mizuho Securities USA LLC raised its position in shares of DTE Energy by 44,009.5% during the third quarter. Mizuho Securities USA LLC now owns 7,039,000 shares of the utilities provider’s stock worth $903,878,000 after purchasing an additional 7,023,042 shares during the period. State Street Corp boosted its position in shares of DTE Energy by 7.0% in the 3rd quarter. State Street Corp now owns 10,193,572 shares of the utilities provider’s stock valued at $1,319,264,000 after purchasing an additional 662,569 shares during the period. Zimmer Partners LP purchased a new position in DTE Energy in the 3rd quarter worth about $69,894,000. Point72 Asset Management L.P. acquired a new stake in DTE Energy during the 3rd quarter worth about $66,733,000. Finally, National Bank of Canada FI lifted its stake in DTE Energy by 246.9% during the third quarter. National Bank of Canada FI now owns 282,553 shares of the utilities provider’s stock valued at $36,282,000 after buying an additional 201,096 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Stock Up 1.0 %

DTE opened at $121.35 on Tuesday. The company has a market capitalization of $25.13 billion, a PE ratio of 16.44, a price-to-earnings-growth ratio of 2.23 and a beta of 0.68. 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 has a fifty-two week low of $102.17 and a fifty-two week high of $131.66. The business has a 50-day moving average of $123.63 and a 200-day moving average of $120.65.

DTE Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 16th will be given a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend is Monday, December 16th. This is a positive change from DTE Energy’s previous quarterly dividend of $1.02. DTE Energy’s dividend payout ratio (DPR) is presently 59.08%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on DTE shares. KeyCorp downgraded shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. BMO Capital Markets lifted their price objective 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. StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. Jefferies Financial Group assumed coverage on DTE Energy in a report on Monday, October 21st. They set a “hold” rating and a $137.00 price target on the stock. Finally, 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. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $134.31.

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.