Fifth Third Bancorp Has $899,000 Stock Position in DTE Energy (NYSE:DTE)

Fifth Third Bancorp increased its holdings in DTE Energy (NYSE:DTE) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,441 shares of the utilities provider’s stock after acquiring an additional 103 shares during the period. Fifth Third Bancorp’s holdings in DTE Energy were worth $899,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Legacy Investment Solutions LLC purchased a new stake in shares of DTE Energy in the third quarter worth approximately $30,000. Ashton Thomas Securities LLC bought a new stake in DTE Energy during the third quarter worth $35,000. Prospera Private Wealth LLC purchased a new stake in DTE Energy in the 3rd quarter valued at $35,000. Versant Capital Management Inc lifted its stake in DTE Energy by 890.0% during the 4th quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 267 shares in the last quarter. Finally, Coastline Trust Co purchased a new position in DTE Energy during the 3rd quarter worth $39,000. Institutional investors own 76.06% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of DTE Energy from $133.00 to $145.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Jefferies Financial Group began coverage on shares of DTE Energy in a research report on Monday, October 21st. They set a “hold” rating and a $137.00 target price on the stock. Barclays upped their target price on DTE Energy from $128.00 to $137.00 and gave the company an “overweight” rating in a report on Monday, October 7th. BMO Capital Markets lifted their price target on DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. Finally, Morgan Stanley reduced their price target on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, DTE Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.25.

DTE Energy Stock Down 0.7 %

DTE opened at $117.82 on Thursday. The stock has a market capitalization of $24.40 billion, a price-to-earnings ratio of 15.96, a PEG ratio of 2.07 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. The firm has a 50 day moving average price of $121.56 and a 200-day moving average price of $122.58. DTE Energy has a twelve month low of $102.78 and a twelve month high of $131.66.

DTE Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 16th were given a dividend of $1.09 per share. The ex-dividend date was Monday, December 16th. 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 3.70%. DTE Energy’s payout ratio is 59.08%.

DTE Energy Company 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.