Hantz Financial Services Inc. Acquires 301 Shares of DTE Energy (NYSE:DTE)

Hantz Financial Services Inc. boosted its holdings in shares of DTE Energy (NYSE:DTE) by 0.7% in the 4th quarter, Holdings Channel reports. The firm owned 42,527 shares of the utilities provider’s stock after buying an additional 301 shares during the period. Hantz Financial Services Inc.’s holdings in DTE Energy were worth $5,135,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DTE. AQR Capital Management LLC lifted its stake in DTE Energy by 17.2% during the second quarter. AQR Capital Management LLC now owns 73,096 shares of the utilities provider’s stock worth $8,098,000 after purchasing an additional 10,726 shares during the last quarter. Creative Planning lifted its stake in DTE Energy by 1.8% during the second quarter. Creative Planning now owns 63,014 shares of the utilities provider’s stock worth $6,995,000 after purchasing an additional 1,140 shares during the last quarter. EP Wealth Advisors LLC bought a new stake in DTE Energy during the second quarter worth $201,000. Sanctuary Advisors LLC bought a new stake in DTE Energy during the second quarter worth $2,736,000. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in DTE Energy by 44.4% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,194 shares of the utilities provider’s stock worth $355,000 after purchasing an additional 982 shares during the last quarter. 76.06% of the stock is currently owned by institutional investors.

DTE Energy Stock Performance

Shares of DTE opened at $117.82 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76. The stock has a market capitalization of $24.40 billion, a P/E ratio of 15.96, a price-to-earnings-growth ratio of 2.07 and a beta of 0.68. The firm’s fifty day simple moving average is $121.56 and its two-hundred day simple moving average is $122.58. DTE Energy has a 12 month low of $102.78 and a 12 month high of $131.66.

DTE Energy Increases Dividend

The company also recently declared 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 dividend on an annualized basis and a yield of 3.70%. This is a boost from DTE Energy’s previous quarterly dividend of $1.02. DTE Energy’s dividend payout ratio is 59.08%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on DTE shares. Jefferies Financial Group started coverage on shares of DTE Energy in a report on Monday, October 21st. They set a “hold” rating and a $137.00 price target for the company. Wells Fargo & Company upped their price target on shares of DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. StockNews.com upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a report on Friday, January 24th. Scotiabank upped their price target on shares of DTE Energy from $137.00 to $147.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Finally, BMO Capital Markets upped their price target on shares of DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $136.25.

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.