CENTRAL TRUST Co Has $489,000 Holdings in DTE Energy (NYSE:DTE)

CENTRAL TRUST Co boosted its holdings in shares of DTE Energy (NYSE:DTE) by 14.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,050 shares of the utilities provider’s stock after buying an additional 499 shares during the quarter. CENTRAL TRUST Co’s holdings in DTE Energy were worth $489,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Legacy Investment Solutions LLC acquired a new position in shares of DTE Energy in the third quarter valued at approximately $30,000. Ashton Thomas Securities LLC acquired a new position in shares of DTE Energy in the third quarter valued at approximately $35,000. Prospera Private Wealth LLC acquired a new position in shares of DTE Energy in the third quarter valued at approximately $35,000. Versant Capital Management Inc grew its position 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 acquired a new position in shares of DTE Energy in the third quarter valued at approximately $39,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Stock Down 0.1 %

NYSE DTE opened at $120.75 on Wednesday. The business has a fifty day moving average price of $121.20 and a two-hundred day moving average price of $122.69. 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 $102.78 and a fifty-two week high of $131.66. The stock has a market capitalization of $25.01 billion, a PE ratio of 16.36, a PEG ratio of 2.20 and a beta of 0.68.

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 dividend of $1.09 per share. The ex-dividend date was Monday, December 16th. This is a boost from DTE Energy’s previous quarterly dividend of $1.02. This represents a $4.36 annualized dividend and a yield of 3.61%. DTE Energy’s dividend payout ratio is presently 59.08%.

Analyst Ratings Changes

Several research firms have recently commented on DTE. KeyCorp downgraded DTE Energy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. Guggenheim raised DTE Energy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Scotiabank upped their target price on DTE Energy from $137.00 to $147.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a research report on Friday, January 24th. Finally, Wells Fargo & Company increased their price target on DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $136.25.

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.