KBC Group NV Has $2.35 Million Stock Position in DTE Energy (NYSE:DTE)

KBC Group NV grew its position in DTE Energy (NYSE:DTE) by 20.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 19,426 shares of the utilities provider’s stock after acquiring an additional 3,320 shares during the period. KBC Group NV’s holdings in DTE Energy were worth $2,346,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC boosted its stake in DTE Energy by 2.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,588 shares of the utilities provider’s stock worth $461,000 after purchasing an additional 81 shares during the period. Signaturefd LLC lifted its position in DTE Energy by 3.1% during 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 in the last quarter. Tidal Investments LLC lifted its position in DTE Energy by 4.0% during 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 in the last quarter. Fifth Third Bancorp lifted its position in DTE Energy by 1.4% during the 4th quarter. Fifth Third Bancorp now owns 7,441 shares of the utilities provider’s stock worth $899,000 after buying an additional 103 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in DTE Energy by 3.6% during the 4th quarter. Blue Trust Inc. now owns 3,150 shares of the utilities provider’s stock worth $404,000 after buying an additional 108 shares in the last quarter. 76.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DTE has been the topic of several analyst reports. UBS Group raised shares of DTE Energy from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $129.00 to $143.00 in a research report on Tuesday, December 3rd. Morgan Stanley cut their price target on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. Jefferies Financial Group initiated coverage on shares of DTE Energy in a research report on Monday, October 21st. They set a “hold” rating and a $137.00 price target on the stock. KeyCorp cut shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. Finally, BMO Capital Markets upped their target price 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. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.25.

DTE Energy Stock Up 0.5 %

DTE Energy stock opened at $119.92 on Friday. The stock has a market cap of $24.84 billion, a P/E ratio of 16.25, a P/E/G ratio of 2.16 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 twelve month low of $102.78 and a twelve month high of $131.66. The company’s 50-day moving average price is $121.29 and its two-hundred day moving average price is $122.57.

DTE Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th were issued a $1.09 dividend. This is a boost from DTE Energy’s previous quarterly dividend of $1.02. This represents a $4.36 annualized dividend and a yield of 3.64%. The ex-dividend date was Monday, December 16th. DTE Energy’s dividend 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.