Foguth Wealth Management LLC. Boosts Stock Position in DTE Energy (NYSE:DTE)

Foguth Wealth Management LLC. grew its holdings in DTE Energy (NYSE:DTE) by 28.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,100 shares of the utilities provider’s stock after purchasing an additional 898 shares during the period. Foguth Wealth Management LLC.’s holdings in DTE Energy were worth $488,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nordea Investment Management AB increased its holdings in DTE Energy by 2,235.2% during the 4th quarter. Nordea Investment Management AB now owns 221,237 shares of the utilities provider’s stock worth $26,706,000 after purchasing an additional 211,763 shares during the period. Patton Albertson Miller Group LLC raised its holdings in shares of DTE Energy by 7.6% in the fourth quarter. Patton Albertson Miller Group LLC now owns 46,931 shares of the utilities provider’s stock valued at $5,667,000 after acquiring an additional 3,306 shares in the last quarter. Hancock Whitney Corp lifted its stake in DTE Energy by 80.0% in the third quarter. Hancock Whitney Corp now owns 12,885 shares of the utilities provider’s stock worth $1,655,000 after acquiring an additional 5,725 shares during the period. Point72 DIFC Ltd bought a new position in DTE Energy during the 3rd quarter worth about $650,000. Finally, Blueshift Asset Management LLC purchased a new position in DTE Energy during the 3rd quarter valued at about $583,000. 76.06% of the stock is currently owned by institutional investors.

DTE Energy Trading Down 0.1 %

NYSE DTE opened at $120.75 on Wednesday. The stock has a market cap of $25.01 billion, a P/E ratio of 16.36, a P/E/G ratio of 2.20 and a beta of 0.68. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76. DTE Energy has a 12-month low of $102.78 and a 12-month high of $131.66. The company has a fifty day simple moving average of $121.11 and a two-hundred day simple moving average of $122.72.

DTE Energy Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. StockNews.com raised shares of DTE Energy from a “sell” rating to a “hold” rating in a research report on Friday, January 24th. KeyCorp lowered DTE Energy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Wells Fargo & Company increased their target price on DTE Energy from $133.00 to $145.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. UBS Group raised DTE Energy from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $129.00 to $143.00 in a research report on Tuesday, December 3rd. Finally, Scotiabank raised their price objective 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. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, DTE Energy currently has an average 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.