Venturi Wealth Management LLC Purchases 138 Shares of DTE Energy (NYSE:DTE)

Venturi Wealth Management LLC raised its stake in shares of DTE Energy (NYSE:DTE) by 3.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,725 shares of the utilities provider’s stock after acquiring an additional 138 shares during the period. Venturi Wealth Management LLC’s holdings in DTE Energy were worth $571,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of DTE. Mizuho Securities USA LLC lifted its stake in DTE Energy by 44,009.5% during the 3rd quarter. Mizuho Securities USA LLC now owns 7,039,000 shares of the utilities provider’s stock valued at $903,878,000 after acquiring an additional 7,023,042 shares during the period. State Street Corp increased its holdings in DTE Energy by 7.0% in the 3rd quarter. State Street Corp now owns 10,193,572 shares of the utilities provider’s stock worth $1,319,264,000 after acquiring an additional 662,569 shares in the last quarter. Zimmer Partners LP purchased a new stake in DTE Energy in the 3rd quarter worth approximately $69,894,000. Point72 Asset Management L.P. purchased a new stake in DTE Energy in the 3rd quarter worth approximately $66,733,000. Finally, Nordea Investment Management AB grew its holdings in DTE Energy by 2,235.2% during the 4th quarter. Nordea Investment Management AB now owns 221,237 shares of the utilities provider’s stock valued at $26,706,000 after buying an additional 211,763 shares in the last quarter. Institutional investors own 76.06% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on DTE shares. StockNews.com lowered shares of DTE Energy from a “hold” rating to a “sell” rating in a report on Thursday, February 13th. BMO Capital Markets increased their price objective on shares of DTE Energy from $125.00 to $135.00 and gave the company a “market perform” rating in a report on Tuesday. Morgan Stanley cut their price objective on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. UBS Group raised shares of DTE Energy from a “neutral” rating to a “buy” rating and increased their price objective for the company from $129.00 to $143.00 in a report on Tuesday, December 3rd. Finally, Wells Fargo & Company raised their target price on shares of DTE Energy from $133.00 to $145.00 and gave the company an “overweight” rating in a report on Friday, October 25th. 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 stock. According to MarketBeat, DTE Energy currently has a consensus rating of “Moderate Buy” and an average price target of $135.83.

DTE Energy Stock Up 0.6 %

NYSE DTE opened at $130.38 on Thursday. The company has a quick ratio of 0.46, a current ratio of 0.71 and a debt-to-equity ratio of 1.77. The company has a fifty day moving average of $121.73 and a two-hundred day moving average of $123.21. The firm has a market capitalization of $27.02 billion, a price-to-earnings ratio of 19.26, a PEG ratio of 2.37 and a beta of 0.68. DTE Energy has a 52 week low of $103.06 and a 52 week high of $131.66.

DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.51 EPS for the quarter, topping the consensus estimate of $1.50 by $0.01. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. On average, analysts predict that DTE Energy will post 7.18 earnings per share for the current year.

DTE Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be paid a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend is Monday, March 17th. DTE Energy’s dividend payout ratio is currently 64.40%.

DTE Energy Profile

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.