Lincoln Capital Corp Acquires 339 Shares of DTE Energy (NYSE:DTE)

Lincoln Capital Corp lifted its stake in DTE Energy (NYSE:DTE) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,501 shares of the utilities provider’s stock after buying an additional 339 shares during the period. DTE Energy makes up approximately 1.1% of Lincoln Capital Corp’s investment portfolio, making the stock its 25th biggest position. Lincoln Capital Corp’s holdings in DTE Energy were worth $2,717,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Legacy Investment Solutions LLC bought a new stake in shares of DTE Energy during the 3rd quarter valued at $30,000. Prospera Private Wealth LLC acquired a new stake in DTE Energy during the third quarter worth about $35,000. Ashton Thomas Securities LLC bought a new stake in shares of DTE Energy during the 3rd quarter worth approximately $35,000. Versant Capital Management Inc increased its stake in shares of DTE Energy by 890.0% in 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 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.

DTE Energy Stock Down 0.6 %

DTE stock opened at $119.51 on Friday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.83. DTE Energy has a fifty-two week low of $102.17 and a fifty-two week high of $131.66. The stock’s 50 day simple moving average is $121.61 and its 200 day simple moving average is $122.25. The company has a market cap of $24.75 billion, a P/E ratio of 16.19, a price-to-earnings-growth ratio of 2.14 and a beta of 0.68.

DTE Energy Increases Dividend

The firm also recently disclosed 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 dividend yield of 3.65%. This is a positive change from DTE Energy’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend was Monday, December 16th. DTE Energy’s dividend payout ratio (DPR) is 59.08%.

Analysts Set New Price Targets

DTE has been the subject of several research reports. BMO Capital Markets increased their target price on DTE Energy from $135.00 to $140.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Guggenheim upgraded shares of DTE Energy from a “neutral” rating to a “buy” rating in a report on Thursday. 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 report on Friday, November 22nd. Jefferies Financial Group initiated coverage on shares of 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 raised their target price for the stock from $129.00 to $143.00 in a research report on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.25.

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.