DTE Energy (NYSE:DTE) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its holdings in DTE Energy (NYSE:DTE) by 12.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,892 shares of the utilities provider’s stock after purchasing an additional 5,423 shares during the period. Janney Montgomery Scott LLC’s holdings in DTE Energy were worth $5,904,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in DTE. SG Americas Securities LLC increased its position in DTE Energy by 1,585.8% in the fourth quarter. SG Americas Securities LLC now owns 170,638 shares of the utilities provider’s stock worth $20,605,000 after buying an additional 160,516 shares during the period. Advisory Alpha LLC boosted its position in DTE Energy by 5.8% during the 4th quarter. Advisory Alpha LLC now owns 2,475 shares of the utilities provider’s stock worth $299,000 after acquiring an additional 135 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of DTE Energy by 9.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 53,019 shares of the utilities provider’s stock worth $6,460,000 after purchasing an additional 4,425 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of DTE Energy by 1,547.6% during the fourth quarter. UMB Bank n.a. now owns 8,963 shares of the utilities provider’s stock valued at $1,082,000 after purchasing an additional 8,419 shares during the period. Finally, My Legacy Advisors LLC raised its stake in shares of DTE Energy by 8.8% during the fourth quarter. My Legacy Advisors LLC now owns 4,037 shares of the utilities provider’s stock valued at $487,000 after purchasing an additional 327 shares in the last quarter. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DTE. BMO Capital Markets increased their price objective on shares of DTE Energy from $135.00 to $140.00 and gave the company a “market perform” rating in a report on Friday, October 18th. StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a research note on Friday, January 24th. UBS Group raised DTE Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $129.00 to $143.00 in a research note on Tuesday, December 3rd. Morgan Stanley decreased their target price on DTE Energy from $131.00 to $128.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. Finally, KeyCorp cut shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $136.25.

DTE Energy Price Performance

Shares of NYSE DTE opened at $118.71 on Wednesday. The company has a fifty day moving average price of $121.62 and a 200 day moving average price of $122.55. The firm has a market cap of $24.59 billion, a PE ratio of 16.09, a PEG ratio of 2.07 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 1-year low of $102.78 and a 1-year high of $131.66.

DTE Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th were given a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date was Monday, December 16th. This is an increase from DTE Energy’s previous quarterly dividend of $1.02. DTE Energy’s dividend payout ratio (DPR) is 59.08%.

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.