DTE Energy (NYSE:DTE) Shares Purchased by Foguth Wealth Management LLC.

Foguth Wealth Management LLC. increased its holdings in shares of DTE Energy (NYSE:DTE) by 28.0% in the 4th quarter, HoldingsChannel reports. The firm owned 4,100 shares of the utilities provider’s stock after acquiring an additional 898 shares during the quarter. Foguth Wealth Management LLC.’s holdings in DTE Energy were worth $488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Legacy Investment Solutions LLC purchased a new position in shares of DTE Energy during the 3rd quarter valued at approximately $30,000. Ashton Thomas Securities LLC acquired a new stake in DTE Energy during the third quarter valued at $35,000. Prospera Private Wealth LLC purchased a new position in DTE Energy in the third quarter valued at $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 worth $36,000 after acquiring an additional 267 shares during the period. Finally, Coastline Trust Co acquired a new position in shares of DTE Energy in the third quarter worth about $39,000. 76.06% of the stock is currently owned by institutional investors and hedge funds.

DTE Energy Stock Performance

DTE opened at $120.75 on Wednesday. DTE Energy has a twelve month low of $102.78 and a twelve month high of $131.66. The firm has a market capitalization of $25.01 billion, a PE ratio of 16.36, a PEG ratio of 2.20 and a beta of 0.68. 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 firm’s 50-day moving average price is $121.11 and its 200 day moving average price is $122.72.

DTE Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th were issued a dividend of $1.09 per share. This is a boost from DTE Energy’s previous quarterly dividend of $1.02. This represents a $4.36 annualized dividend and a dividend yield of 3.61%. The ex-dividend date was Monday, December 16th. DTE Energy’s payout ratio is currently 59.08%.

Analysts Set New Price Targets

A number of research firms have recently commented on DTE. StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a research note on Friday, January 24th. Guggenheim upgraded DTE Energy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. BMO Capital Markets increased their target price on DTE Energy from $135.00 to $140.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Wells Fargo & Company boosted 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. Finally, Morgan Stanley decreased their price objective on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $136.25.

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.