Greenleaf Trust Buys 232 Shares of DTE Energy (NYSE:DTE)

Greenleaf Trust boosted its stake in shares of DTE Energy (NYSE:DTE) by 4.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,502 shares of the utilities provider’s stock after purchasing an additional 232 shares during the quarter. Greenleaf Trust’s holdings in DTE Energy were worth $664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DTE. Legacy Investment Solutions LLC purchased a new position in shares of DTE Energy in the 3rd quarter worth approximately $30,000. Ashton Thomas Securities LLC purchased a new position in DTE Energy in the third quarter worth $35,000. Prospera Private Wealth LLC acquired a new position in shares of DTE Energy during the third quarter worth $35,000. Versant Capital Management Inc lifted its holdings in shares of DTE Energy by 890.0% during the 4th 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 stake in shares of DTE Energy in the 3rd quarter worth $39,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.

DTE Energy Price Performance

NYSE:DTE opened at $120.75 on Wednesday. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.83 and a quick ratio of 0.62. The company has a 50 day moving average price of $121.20 and a 200-day moving average price of $122.69. DTE Energy has a 1-year low of $102.78 and a 1-year high of $131.66. The firm has a market cap of $25.01 billion, a price-to-earnings ratio of 16.36, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68.

DTE Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th were given a $1.09 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.61%. This is an increase from DTE Energy’s previous quarterly dividend of $1.02. DTE Energy’s dividend payout ratio is 59.08%.

Wall Street Analyst Weigh In

A number of research firms have commented on DTE. UBS Group upgraded DTE Energy from a “neutral” rating to a “buy” rating and increased their price target for the company from $129.00 to $143.00 in a research note on Tuesday, December 3rd. KeyCorp cut shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. StockNews.com upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a research note on Friday, January 24th. Wells Fargo & Company lifted their price objective on shares of DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Finally, BMO Capital Markets raised their target price on DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $136.25.

DTE Energy 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.