SkyOak Wealth LLC Has $262,000 Stock Position in DTE Energy (NYSE:DTE)

SkyOak Wealth LLC raised its position in DTE Energy (NYSE:DTE) by 4.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,174 shares of the utilities provider’s stock after acquiring an additional 85 shares during the period. SkyOak Wealth LLC’s holdings in DTE Energy were worth $262,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

Several equities analysts have commented on the stock. UBS Group raised shares of DTE Energy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $129.00 to $143.00 in a research report on Tuesday, December 3rd. StockNews.com upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a research note on Friday, January 24th. Guggenheim raised DTE Energy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. BMO Capital Markets upped 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. Finally, Barclays lifted their target price on shares of DTE Energy from $128.00 to $137.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $136.25.

DTE Energy Stock Up 0.5 %

DTE opened at $119.92 on Monday. 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 one year low of $102.78 and a one year high of $131.66. The firm has a market capitalization of $24.84 billion, a P/E ratio of 16.25, a price-to-earnings-growth ratio of 2.16 and a beta of 0.68. The company has a fifty day moving average price of $121.29 and a 200-day moving average price of $122.62.

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 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 3.64%. The ex-dividend date was Monday, December 16th. DTE Energy’s dividend payout ratio is currently 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.