TD Private Client Wealth LLC Purchases 217 Shares of DTE Energy (NYSE:DTE)

TD Private Client Wealth LLC grew its position in shares of DTE Energy (NYSE:DTE) by 20.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,258 shares of the utilities provider’s stock after acquiring an additional 217 shares during the quarter. TD Private Client Wealth LLC’s holdings in DTE Energy were worth $162,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of DTE. Legacy Investment Solutions LLC bought a new stake in shares of DTE Energy during the third quarter valued at approximately $30,000. Ridgewood Investments LLC bought a new stake in shares of DTE Energy during the second quarter valued at approximately $31,000. Ashton Thomas Securities LLC purchased a new position in shares of DTE Energy during the third quarter valued at approximately $35,000. Prospera Private Wealth LLC purchased a new position in shares of DTE Energy during the third quarter valued at approximately $35,000. Finally, Coastline Trust Co purchased a new position in shares of DTE Energy during the third quarter valued at approximately $39,000. Institutional investors own 76.06% of the company’s stock.

Wall Street Analysts Forecast Growth

DTE has been the topic of several analyst reports. Jefferies Financial Group initiated coverage on DTE Energy in a research report on Monday, October 21st. They set a “hold” rating and a $137.00 target price on the stock. KeyCorp cut DTE Energy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. BMO Capital Markets lifted their target price on DTE Energy from $135.00 to $140.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Wells Fargo & Company lifted their target price on DTE Energy from $133.00 to $145.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Finally, 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. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, DTE Energy presently has a consensus rating of “Moderate Buy” and an average target price of $134.31.

DTE Energy Stock Performance

Shares of DTE opened at $121.28 on Monday. The firm has a market cap of $25.12 billion, a PE ratio of 16.43, a PEG ratio of 2.23 and a beta of 0.68. The stock’s fifty day moving average price is $123.71 and its two-hundred day moving average price is $120.59. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.83 and a quick ratio of 0.62. DTE Energy has a 1 year low of $102.17 and a 1 year high of $131.66.

DTE Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th will be paid a $1.09 dividend. The ex-dividend date of this dividend is Monday, December 16th. 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%. DTE Energy’s payout ratio is presently 59.08%.

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.