Stratos Wealth Partners LTD. Boosts Stock Holdings in DTE Energy (NYSE:DTE)

Stratos Wealth Partners LTD. increased its stake in DTE Energy (NYSE:DTE) by 4.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,139 shares of the utilities provider’s stock after acquiring an additional 92 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in DTE Energy were worth $258,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC grew its position in shares of DTE Energy by 2.3% in the third quarter. Farther Finance Advisors LLC now owns 3,588 shares of the utilities provider’s stock valued at $461,000 after purchasing an additional 81 shares during the last quarter. SkyOak Wealth LLC increased its holdings in shares of DTE Energy by 4.1% during the 4th quarter. SkyOak Wealth LLC now owns 2,174 shares of the utilities provider’s stock worth $262,000 after buying an additional 85 shares during the last quarter. Signaturefd LLC raised its position in shares of DTE Energy by 3.1% in the 3rd quarter. Signaturefd LLC now owns 2,889 shares of the utilities provider’s stock worth $371,000 after buying an additional 86 shares during the period. Tidal Investments LLC raised its position in shares of DTE Energy by 4.0% in the 3rd quarter. Tidal Investments LLC now owns 2,490 shares of the utilities provider’s stock worth $320,000 after buying an additional 96 shares during the period. Finally, Fifth Third Bancorp boosted its holdings in DTE Energy by 1.4% in the fourth quarter. Fifth Third Bancorp now owns 7,441 shares of the utilities provider’s stock valued at $899,000 after acquiring an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

DTE Energy Stock Up 3.0 %

DTE stock opened at $127.90 on Friday. DTE Energy has a twelve month low of $103.06 and a twelve month high of $131.66. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76. The company has a market capitalization of $26.49 billion, a P/E ratio of 17.33, a PEG ratio of 2.25 and a beta of 0.68. The firm has a 50 day simple moving average of $120.98 and a 200-day simple moving average of $122.94.

DTE Energy (NYSE:DTE) last announced its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.01. DTE Energy had a return on equity of 13.42% and a net margin of 12.33%. On average, equities research analysts predict that DTE Energy will post 6.77 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be paid a dividend of $1.09 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $4.36 annualized dividend and a yield of 3.41%. DTE Energy’s payout ratio is 59.08%.

Wall Street Analyst Weigh In

DTE has been the topic of a number of research reports. Jefferies Financial Group initiated coverage on DTE Energy in a report on Monday, October 21st. They issued a “hold” rating and a $137.00 price objective on the stock. UBS Group upgraded shares of DTE Energy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $129.00 to $143.00 in a report on Tuesday, December 3rd. Wells Fargo & Company upped their price target 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. KeyCorp lowered DTE Energy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. Finally, StockNews.com cut shares of DTE Energy from a “hold” rating to a “sell” rating in a research report on Thursday. 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 stock. According to data from MarketBeat, DTE Energy currently has a consensus rating of “Moderate Buy” and an average 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.