Center for Financial Planning Inc. Has $594,000 Stock Position in DTE Energy (NYSE:DTE)

Center for Financial Planning Inc. trimmed its position in DTE Energy (NYSE:DTE) by 7.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,915 shares of the utilities provider’s stock after selling 414 shares during the quarter. Center for Financial Planning Inc.’s holdings in DTE Energy were worth $594,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new stake in shares of DTE Energy in the third quarter worth approximately $30,000. Prospera Private Wealth LLC purchased a new stake in shares of DTE Energy in the third quarter worth approximately $35,000. Ashton Thomas Securities LLC purchased a new stake in shares of DTE Energy in the third quarter worth approximately $35,000. Versant Capital Management Inc lifted its position in shares of DTE Energy by 890.0% in the fourth quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 267 shares in the last quarter. Finally, Coastline Trust Co purchased a new stake in shares of DTE Energy in the third quarter worth approximately $39,000. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on DTE shares. StockNews.com lowered shares of DTE Energy from a “hold” rating to a “sell” rating in a research report on Thursday. Guggenheim raised shares of DTE Energy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. KeyCorp lowered shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. Jefferies Financial Group began coverage on shares of DTE Energy in a research note on Monday, October 21st. They issued a “hold” rating and a $137.00 target price for the company. Finally, Scotiabank lifted their target price on shares of DTE Energy from $137.00 to $147.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $136.25.

DTE Energy Price Performance

Shares of DTE Energy stock opened at $129.21 on Friday. The firm has a fifty day simple moving average of $121.09 and a 200-day simple moving average of $122.97. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76. DTE Energy has a 1-year low of $103.06 and a 1-year high of $131.66. The stock has a market capitalization of $26.76 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 2.25 and a beta of 0.68.

DTE Energy (NYSE:DTE) last announced its earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.01. DTE Energy had a net margin of 12.33% and a return on equity of 13.42%. On average, sell-side analysts expect that DTE Energy will post 6.77 earnings per share for the current year.

DTE Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 17th will be given a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date is Monday, March 17th. 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.