DTE Energy (NYSE:DTE) Shares Sold by Cerro Pacific Wealth Advisors LLC

Cerro Pacific Wealth Advisors LLC decreased its holdings in DTE Energy (NYSE:DTE) by 4.2% in the 4th quarter, HoldingsChannel reports. The firm owned 5,548 shares of the utilities provider’s stock after selling 242 shares during the quarter. Cerro Pacific Wealth Advisors LLC’s holdings in DTE Energy were worth $712,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Secure Asset Management LLC increased its stake in DTE Energy by 3.6% during the 4th quarter. Secure Asset Management LLC now owns 3,824 shares of the utilities provider’s stock valued at $462,000 after buying an additional 132 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of DTE Energy by 12.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 48,892 shares of the utilities provider’s stock valued at $5,904,000 after acquiring an additional 5,423 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of DTE Energy by 1,585.8% during the fourth quarter. SG Americas Securities LLC now owns 170,638 shares of the utilities provider’s stock valued at $20,605,000 after acquiring an additional 160,516 shares during the period. Advisory Alpha LLC raised its stake in shares of DTE Energy by 5.8% in the 4th quarter. Advisory Alpha LLC now owns 2,475 shares of the utilities provider’s stock worth $299,000 after buying an additional 135 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in 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 acquiring an additional 4,425 shares in the last quarter. 76.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. StockNews.com downgraded DTE Energy from a “hold” rating to a “sell” rating in a research report on Thursday, January 16th. Wells Fargo & Company increased their target price on shares of DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Barclays raised their price target on DTE Energy from $128.00 to $137.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. UBS Group upgraded DTE Energy from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $129.00 to $143.00 in a report on Tuesday, December 3rd. Finally, KeyCorp cut shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, DTE Energy currently has an average rating of “Moderate Buy” and a consensus target price of $136.25.

DTE Energy Stock Performance

Shares of DTE opened at $119.51 on Friday. The company has a market capitalization of $24.75 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 2.14 and a beta of 0.68. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.83 and a quick ratio of 0.62. DTE Energy has a one year low of $102.17 and a one year high of $131.66. The company’s fifty day moving average price is $121.61 and its 200 day moving average price is $122.25.

DTE Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th were given a $1.09 dividend. This is an increase from DTE Energy’s previous quarterly dividend of $1.02. This represents a $4.36 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend was Monday, December 16th. DTE Energy’s payout ratio is currently 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.