Kestra Private Wealth Services LLC Has $830,000 Holdings in DTE Energy (NYSE:DTE)

Kestra Private Wealth Services LLC grew its stake in shares of DTE Energy (NYSE:DTE) by 46.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,871 shares of the utilities provider’s stock after acquiring an additional 2,195 shares during the period. Kestra Private Wealth Services LLC’s holdings in DTE Energy were worth $830,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Miller Howard Investments Inc. NY increased its holdings in shares of DTE Energy by 1.3% during the fourth quarter. Miller Howard Investments Inc. NY now owns 11,821 shares of the utilities provider’s stock worth $1,427,000 after purchasing an additional 155 shares during the period. Stephens Inc. AR increased its holdings in shares of DTE Energy by 26.0% during the fourth quarter. Stephens Inc. AR now owns 4,474 shares of the utilities provider’s stock worth $540,000 after purchasing an additional 923 shares during the period. Empowered Funds LLC increased its holdings in shares of DTE Energy by 8.8% during the fourth quarter. Empowered Funds LLC now owns 3,295 shares of the utilities provider’s stock worth $398,000 after purchasing an additional 267 shares during the period. Wilmington Savings Fund Society FSB increased its holdings in shares of DTE Energy by 22.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,469 shares of the utilities provider’s stock worth $177,000 after purchasing an additional 265 shares during the period. Finally, Kingsview Wealth Management LLC increased its holdings in shares of DTE Energy by 14.0% during the fourth quarter. Kingsview Wealth Management LLC now owns 5,833 shares of the utilities provider’s stock worth $704,000 after purchasing an additional 716 shares during the period. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. KeyCorp cut shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Guggenheim raised shares of DTE Energy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Morgan Stanley decreased 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. StockNews.com cut shares of DTE Energy from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, Jefferies Financial Group began coverage on shares of DTE Energy in a research note on Monday, October 21st. They issued a “hold” rating and a $137.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, DTE Energy has a consensus rating of “Moderate Buy” and an average target price of $136.25.

DTE Energy Stock Performance

NYSE DTE opened at $129.21 on Friday. The firm’s fifty day moving average price is $121.09 and its two-hundred day moving average price is $122.97. The stock has a market cap of $26.76 billion, a PE ratio of 17.51, a PEG ratio of 2.25 and a beta of 0.68. DTE Energy has a fifty-two week low of $103.06 and a fifty-two week high of $131.66. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.83.

DTE Energy (NYSE:DTE) last posted its earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.01. DTE Energy had a net margin of 12.33% and a return on equity of 13.42%. On average, equities analysts expect that DTE Energy will post 6.77 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be issued a dividend of $1.09 per share. The ex-dividend date is Monday, March 17th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.37%. DTE Energy’s dividend payout ratio (DPR) is presently 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.