Center for Financial Planning Inc. Sells 414 Shares of DTE Energy (NYSE:DTE)

Center for Financial Planning Inc. lessened its holdings in DTE Energy (NYSE:DTE) by 7.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,915 shares of the utilities provider’s stock after selling 414 shares during the quarter. Center for Financial Planning Inc.’s holdings in DTE Energy were worth $594,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of DTE. Creative Planning increased its holdings in DTE Energy by 6.2% in the 3rd quarter. Creative Planning now owns 66,907 shares of the utilities provider’s stock valued at $8,592,000 after buying an additional 3,893 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in DTE Energy by 14.6% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 23,480 shares of the utilities provider’s stock valued at $3,015,000 after buying an additional 3,000 shares during the period. Blue Trust Inc. increased its holdings in DTE Energy by 52.5% in the 3rd quarter. Blue Trust Inc. now owns 3,042 shares of the utilities provider’s stock valued at $391,000 after buying an additional 1,047 shares during the period. Cyndeo Wealth Partners LLC increased its holdings in DTE Energy by 1.0% in the 3rd quarter. Cyndeo Wealth Partners LLC now owns 51,968 shares of the utilities provider’s stock valued at $6,673,000 after buying an additional 523 shares during the period. Finally, Calton & Associates Inc. bought a new stake in DTE Energy in the 3rd quarter valued at $4,784,000. Institutional investors own 76.06% of the company’s stock.

DTE Energy Stock Performance

DTE Energy stock opened at $129.21 on Friday. 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 has a 1 year low of $103.06 and a 1 year high of $131.66. The company has a market cap of $26.76 billion, a PE ratio of 17.51, a PEG ratio of 2.25 and a beta of 0.68. The company’s 50-day moving average is $121.09 and its two-hundred day moving average is $122.97.

DTE Energy (NYSE:DTE) last released its earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.01. DTE Energy had a net margin of 12.33% and a return on equity of 13.42%. Equities analysts anticipate that DTE Energy will post 6.77 earnings per share for the current year.

DTE Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be given a dividend of $1.09 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $4.36 dividend on an annualized basis and a yield of 3.37%. DTE Energy’s payout ratio is presently 59.08%.

Wall Street Analyst Weigh In

DTE has been the topic of several analyst reports. UBS Group raised shares of DTE Energy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $129.00 to $143.00 in a report on Tuesday, December 3rd. Scotiabank upped their target price on shares of DTE Energy from $137.00 to $147.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. KeyCorp lowered shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. 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 report on Friday, October 18th. Finally, Guggenheim raised shares of DTE Energy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, DTE Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.25.

DTE Energy Company 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.