Secure Asset Management LLC Has $462,000 Holdings in DTE Energy (NYSE:DTE)

Secure Asset Management LLC raised its position in DTE Energy (NYSE:DTE) by 3.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,824 shares of the utilities provider’s stock after purchasing an additional 132 shares during the period. Secure Asset Management LLC’s holdings in DTE Energy were worth $462,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Legacy Investment Solutions LLC acquired a new position in DTE Energy in the third quarter valued at $30,000. Ashton Thomas Securities LLC bought a new position in shares of DTE Energy in the 3rd quarter worth about $35,000. Prospera Private Wealth LLC acquired a new position in shares of DTE Energy in the 3rd quarter valued at about $35,000. Versant Capital Management Inc boosted its position in shares of 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 purchasing an additional 267 shares in the last quarter. Finally, Coastline Trust Co acquired a new stake in DTE Energy during the third quarter worth approximately $39,000. 76.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on DTE. Scotiabank increased their price target on DTE Energy from $137.00 to $147.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. KeyCorp cut shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Jefferies Financial Group initiated coverage on shares of DTE Energy in a report on Monday, October 21st. They set a “hold” rating and a $137.00 price objective on the stock. Morgan Stanley cut 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 report on Friday, November 22nd. Finally, Barclays increased their price target on DTE Energy from $128.00 to $137.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. 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.com, the company has a consensus rating of “Moderate Buy” and an average price target of $136.25.

DTE Energy Stock Performance

Shares of DTE stock opened at $119.07 on Friday. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.83 and a quick ratio of 0.62. The firm has a 50-day moving average of $121.61 and a 200-day moving average of $122.23. DTE Energy has a one year low of $102.50 and a one year high of $131.66. The company has a market cap of $24.66 billion, a P/E ratio of 16.13, a P/E/G ratio of 2.07 and a beta of 0.68.

DTE Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th were given a dividend of $1.09 per share. The ex-dividend date was Monday, December 16th. This represents a $4.36 annualized dividend and a dividend yield of 3.66%. This is a boost from DTE Energy’s previous quarterly dividend of $1.02. DTE Energy’s dividend payout ratio (DPR) is currently 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.