DTE Energy (NYSE:DTE) Shares Sold by Atlantic Edge Private Wealth Management LLC

Atlantic Edge Private Wealth Management LLC decreased its stake in DTE Energy (NYSE:DTE) by 90.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 655 shares of the utilities provider’s stock after selling 5,890 shares during the period. Atlantic Edge Private Wealth Management LLC’s holdings in DTE Energy were worth $79,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Legacy Investment Solutions LLC bought a new position in DTE Energy during the 3rd quarter worth approximately $30,000. Ashton Thomas Securities LLC acquired a new position in shares of DTE Energy during the 3rd quarter valued at $35,000. Prospera Private Wealth LLC acquired a new position in shares of DTE Energy during the 3rd quarter valued at $35,000. Versant Capital Management Inc boosted its stake 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 worth $36,000 after acquiring an additional 267 shares in the last quarter. Finally, Coastline Trust Co bought a new stake in shares of DTE Energy during the 3rd quarter worth $39,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.

DTE Energy Stock Performance

Shares of DTE Energy stock opened at $123.63 on Tuesday. The company’s fifty day moving average is $120.91 and its 200 day moving average is $122.84. DTE Energy has a twelve month low of $103.06 and a twelve month high of $131.66. The stock has a market cap of $25.60 billion, a price-to-earnings ratio of 16.75, a P/E/G ratio of 2.25 and a beta of 0.68. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 1.76.

DTE Energy Announces Dividend

The business also recently disclosed 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 of this dividend is Monday, March 17th. This represents a $4.36 annualized dividend and a dividend yield of 3.53%. DTE Energy’s dividend payout ratio is currently 59.08%.

Analyst Upgrades and Downgrades

DTE has been the subject of several recent analyst reports. KeyCorp cut DTE Energy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. StockNews.com upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a research note on Friday, January 24th. Guggenheim raised DTE Energy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Scotiabank upped their price target on DTE Energy from $137.00 to $147.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Finally, BMO Capital Markets increased their target price on DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.