2,528 Shares in DTE Energy (NYSE:DTE) Acquired by J2 Capital Management Inc

J2 Capital Management Inc bought a new stake in DTE Energy (NYSE:DTE) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,528 shares of the utilities provider’s stock, valued at approximately $305,000.

A number of other large investors have also recently bought and sold shares of DTE. Legacy Investment Solutions LLC purchased a new stake in shares of DTE Energy in the third quarter valued at $30,000. Ashton Thomas Securities LLC acquired a new stake in shares of DTE Energy during the 3rd quarter worth about $35,000. Prospera Private Wealth LLC purchased a new stake in shares of DTE Energy during the third quarter worth about $35,000. Versant Capital Management Inc raised 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 valued at $36,000 after buying an additional 267 shares during the last quarter. Finally, Coastline Trust Co purchased a new position in shares of DTE Energy during the third quarter valued at approximately $39,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. KeyCorp downgraded DTE Energy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Morgan Stanley dropped their target price on DTE Energy from $131.00 to $128.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. UBS Group raised DTE Energy from a “neutral” rating to a “buy” rating and raised their price target for the stock from $129.00 to $143.00 in a research note on Tuesday, December 3rd. Jefferies Financial Group assumed coverage on shares of DTE Energy in a research note on Monday, October 21st. They set a “hold” rating and a $137.00 price objective for the company. Finally, Wells Fargo & Company raised their target price on shares of DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $134.31.

DTE Energy Price Performance

Shares of NYSE DTE opened at $123.69 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. DTE Energy has a 1-year low of $102.17 and a 1-year high of $131.66. The company has a market capitalization of $25.62 billion, a price-to-earnings ratio of 16.76, a PEG ratio of 2.05 and a beta of 0.68. The business has a 50-day moving average of $121.43 and a 200-day moving average of $121.88.

DTE Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th were issued a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date was Monday, December 16th. This is a boost from DTE Energy’s previous quarterly dividend of $1.02. DTE Energy’s dividend payout ratio 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.