GAMMA Investing LLC Raises Stock Position in DTE Energy (NYSE:DTE)

GAMMA Investing LLC boosted its position in DTE Energy (NYSE:DTE) by 33.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,902 shares of the utilities provider’s stock after purchasing an additional 1,985 shares during the quarter. GAMMA Investing LLC’s holdings in DTE Energy were worth $954,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

DTE Energy Price Performance

Shares of NYSE:DTE opened at $121.58 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. The firm has a market cap of $25.18 billion, a price-to-earnings ratio of 16.47, a price-to-earnings-growth ratio of 2.23 and a beta of 0.68. The business has a 50-day simple moving average of $121.75 and a two-hundred day simple moving average of $121.21. DTE Energy has a fifty-two week low of $102.17 and a fifty-two week high of $131.66.

DTE Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 16th will be given a dividend of $1.09 per share. This is an increase from DTE Energy’s previous quarterly dividend of $1.02. The ex-dividend date is Monday, December 16th. This represents a $4.36 dividend on an annualized basis and a yield of 3.59%. DTE Energy’s dividend payout ratio is 59.08%.

Analysts Set New Price Targets

DTE has been the subject of a number of recent analyst reports. UBS Group upgraded shares of DTE Energy from a “neutral” rating to a “buy” rating and upped their price target for the company from $129.00 to $143.00 in a report on Tuesday, December 3rd. StockNews.com raised shares of DTE Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th. BMO Capital Markets lifted their price target on shares of DTE Energy from $135.00 to $140.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Barclays upped their price objective on shares of DTE Energy from $128.00 to $137.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Finally, Wells Fargo & Company boosted 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. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, DTE Energy has an average rating of “Moderate Buy” and a consensus target price of $134.31.

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.