DTE Energy (NYSE:DTE) Stake Increased by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its stake in DTE Energy (NYSE:DTE) by 100.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,822 shares of the utilities provider’s stock after acquiring an additional 15,412 shares during the period. Pacer Advisors Inc.’s holdings in DTE Energy were worth $3,722,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Legacy Investment Solutions LLC acquired a new position in shares of DTE Energy in the 3rd quarter worth approximately $30,000. Ashton Thomas Securities LLC bought a new stake in shares of DTE Energy in the 3rd quarter worth approximately $35,000. Prospera Private Wealth LLC acquired a new position in DTE Energy during the 3rd quarter valued at approximately $35,000. Versant Capital Management Inc grew its stake in DTE Energy by 890.0% during the 4th quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock worth $36,000 after buying an additional 267 shares during the last quarter. Finally, Coastline Trust Co acquired a new stake in DTE Energy in the third quarter worth $39,000. 76.06% of the stock is currently owned by institutional investors.

DTE Energy Price Performance

NYSE DTE opened at $119.30 on Friday. DTE Energy has a 1 year low of $102.78 and a 1 year high of $131.66. The stock’s 50-day moving average price is $121.47 and its two-hundred day moving average price is $122.54. The company has a market cap of $24.71 billion, a PE ratio of 16.16, a PEG ratio of 2.07 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.

DTE Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 16th were given a $1.09 dividend. This represents a $4.36 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend was Monday, December 16th. This is an increase from DTE Energy’s previous quarterly dividend of $1.02. DTE Energy’s dividend payout ratio is 59.08%.

Analyst Ratings Changes

Several research analysts have commented on DTE shares. BMO Capital Markets upped their target price on shares of DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. KeyCorp downgraded DTE Energy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. Guggenheim raised DTE Energy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Scotiabank boosted their price objective on DTE Energy from $137.00 to $147.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Finally, Jefferies Financial Group assumed coverage on DTE Energy in a research note on Monday, October 21st. They set a “hold” rating and a $137.00 target price for the company. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $136.25.

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.