11,564 Shares in DTE Energy (NYSE:DTE) Bought by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new stake in DTE Energy (NYSE:DTE) during the 4th quarter, Holdings Channel.com reports. The fund purchased 11,564 shares of the utilities provider’s stock, valued at approximately $1,400,000.

A number of other hedge funds have also recently modified their holdings of DTE. Hancock Whitney Corp increased 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 valued at $1,655,000 after purchasing an additional 5,725 shares during the period. Bank of Montreal Can raised its holdings in DTE Energy by 19.0% during the second quarter. Bank of Montreal Can now owns 269,031 shares of the utilities provider’s stock worth $30,220,000 after purchasing an additional 42,960 shares during the last quarter. Point72 DIFC Ltd acquired a new position in shares of DTE Energy during the 3rd quarter worth $650,000. Blueshift Asset Management LLC purchased a new stake in shares of DTE Energy in the third quarter valued at about $583,000. Finally, Duff & Phelps Investment Management Co. lifted its stake in DTE Energy by 3.5% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 907,345 shares of the utilities provider’s stock valued at $116,512,000 after buying an additional 30,909 shares in the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.

DTE Energy Stock Performance

DTE opened at $121.06 on Thursday. The stock’s 50 day moving average price is $121.47 and its two-hundred day moving average price is $121.48. The firm has a market capitalization of $25.07 billion, a P/E ratio of 16.40, a price-to-earnings-growth ratio of 2.23 and a beta of 0.68. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 1.76. DTE Energy has a 12-month low of $102.17 and a 12-month high of $131.66.

DTE Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 16th will be paid a $1.09 dividend. This represents a $4.36 annualized dividend and a dividend yield of 3.60%. The ex-dividend date is Monday, December 16th. This is a boost from DTE Energy’s previous quarterly dividend of $1.02. DTE Energy’s dividend payout ratio (DPR) is presently 59.08%.

Analysts Set New Price Targets

A number of analysts recently issued reports on DTE shares. BMO Capital Markets raised their target price on shares of DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. Wells Fargo & Company boosted their target price on DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. KeyCorp downgraded DTE Energy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Morgan Stanley dropped their price objective on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Finally, Barclays boosted 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. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, DTE Energy currently has an average rating of “Moderate Buy” and a consensus price target 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.