MML Investors Services LLC Has $2.28 Million Position in DTE Energy (NYSE:DTE)

MML Investors Services LLC raised its holdings in DTE Energy (NYSE:DTE) by 14.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,751 shares of the utilities provider’s stock after acquiring an additional 2,259 shares during the quarter. MML Investors Services LLC’s holdings in DTE Energy were worth $2,279,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in DTE. Mizuho Securities USA LLC lifted its stake in shares of DTE Energy by 44,009.5% in 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 purchasing an additional 7,023,042 shares during the last quarter. State Street Corp raised its holdings in DTE Energy by 7.0% during the third quarter. State Street Corp now owns 10,193,572 shares of the utilities provider’s stock valued at $1,319,264,000 after buying an additional 662,569 shares in the last quarter. Zimmer Partners LP acquired a new stake in shares of DTE Energy in the third quarter worth about $69,894,000. Point72 Asset Management L.P. acquired a new stake in DTE Energy in the 3rd quarter worth approximately $66,733,000. Finally, National Bank of Canada FI lifted its stake in shares of DTE Energy by 246.9% in the third quarter. National Bank of Canada FI now owns 282,553 shares of the utilities provider’s stock worth $36,282,000 after buying an additional 201,096 shares during the last quarter. 76.06% of the stock is owned by institutional investors.

DTE Energy Stock Up 0.4 %

Shares of NYSE:DTE opened at $121.28 on Monday. The company has a market capitalization of $25.12 billion, a PE ratio of 16.43, a PEG ratio of 2.23 and a beta of 0.68. DTE Energy has a 52 week low of $102.17 and a 52 week high of $131.66. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.83. The company has a 50 day moving average price of $123.71 and a two-hundred day moving average price of $120.59.

DTE Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th will be given a dividend of $1.09 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.59%. This is a positive change from DTE Energy’s previous quarterly dividend of $1.02. DTE Energy’s dividend payout ratio (DPR) is currently 59.08%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on DTE shares. UBS Group raised DTE Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $129.00 to $143.00 in a research report on Tuesday, December 3rd. Mizuho increased their target price on DTE Energy from $121.00 to $133.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. BMO Capital Markets upped their price objective on shares of DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. KeyCorp lowered DTE Energy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Finally, Bank of America raised their price target on shares of DTE Energy from $131.00 to $136.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $134.31.

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.