SageView Advisory Group LLC Trims Position in DTE Energy (NYSE:DTE)

SageView Advisory Group LLC lowered its holdings in DTE Energy (NYSE:DTE) by 19.3% in the third quarter, Holdings Channel.com reports. The firm owned 3,780 shares of the utilities provider’s stock after selling 902 shares during the period. SageView Advisory Group LLC’s holdings in DTE Energy were worth $485,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in DTE. Prospera Private Wealth LLC acquired a new stake in DTE Energy in the 3rd quarter worth about $35,000. Ashton Thomas Securities LLC purchased a new position in shares of DTE Energy during the 3rd quarter worth about $35,000. Ridgewood Investments LLC acquired a new stake in shares of DTE Energy in the second quarter worth approximately $31,000. Coastline Trust Co acquired a new stake in shares of DTE Energy in the third quarter worth approximately $39,000. Finally, Fairscale Capital LLC purchased a new stake in DTE Energy in the second quarter valued at approximately $54,000. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Morgan Stanley cut their target price on DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. Wells Fargo & Company increased their price objective 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. 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. LADENBURG THALM/SH SH began coverage on DTE Energy in a report on Wednesday, August 14th. They issued a “buy” rating and a $131.00 price target for the company. Finally, StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $133.54.

DTE Energy Stock Down 0.7 %

NYSE:DTE opened at $121.57 on Friday. The stock has a 50-day simple moving average of $124.50 and a 200 day simple moving average of $120.18. DTE Energy has a one year low of $102.17 and a one year high of $131.66. The company has a market capitalization of $25.18 billion, a price-to-earnings ratio of 16.47, a price-to-earnings-growth ratio of 2.27 and a beta of 0.68. 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 Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 16th will be given a dividend of $1.09 per share. This is a positive change from DTE Energy’s previous quarterly dividend of $1.02. This represents a $4.36 annualized dividend and a dividend yield of 3.59%. The ex-dividend date is 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.