Wilmington Savings Fund Society FSB Buys 265 Shares of DTE Energy (NYSE:DTE)

Wilmington Savings Fund Society FSB boosted its stake in shares of DTE Energy (NYSE:DTE) by 22.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,469 shares of the utilities provider’s stock after purchasing an additional 265 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in DTE Energy were worth $177,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. State Street Corp boosted its position 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 worth $1,319,264,000 after purchasing an additional 662,569 shares during the period. Mizuho Securities USA LLC boosted its position in shares of DTE Energy by 44,009.5% in the third quarter. Mizuho Securities USA LLC now owns 7,039,000 shares of the utilities provider’s stock valued at $903,878,000 after acquiring an additional 7,023,042 shares during the period. Janus Henderson Group PLC boosted its position in shares of DTE Energy by 2.4% in the third quarter. Janus Henderson Group PLC now owns 2,720,265 shares of the utilities provider’s stock valued at $349,309,000 after acquiring an additional 64,880 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of DTE Energy by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,274,837 shares of the utilities provider’s stock valued at $163,702,000 after acquiring an additional 14,937 shares during the period. Finally, Duff & Phelps Investment Management Co. boosted its position in shares of DTE Energy by 3.5% in the third quarter. Duff & Phelps Investment Management Co. now owns 907,345 shares of the utilities provider’s stock valued at $116,512,000 after acquiring an additional 30,909 shares during the period. Institutional investors own 76.06% of the company’s stock.

DTE Energy Stock Performance

DTE Energy stock opened at $124.03 on Thursday. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.83 and a quick ratio of 0.62. The stock has a fifty day moving average price of $120.94 and a two-hundred day moving average price of $122.93. DTE Energy has a 52-week low of $103.06 and a 52-week high of $131.66. The firm has a market capitalization of $25.69 billion, a P/E ratio of 16.81, a P/E/G ratio of 2.25 and a beta of 0.68.

DTE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be paid a dividend of $1.09 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $4.36 annualized dividend and a yield of 3.52%. DTE Energy’s dividend payout ratio is currently 59.08%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DTE. UBS Group raised DTE Energy from a “neutral” rating to a “buy” rating and increased their price objective for the company from $129.00 to $143.00 in a research report on Tuesday, December 3rd. Jefferies Financial Group began coverage on DTE Energy in a research report on Monday, October 21st. They issued a “hold” rating and a $137.00 price objective for the company. BMO Capital Markets increased their price objective 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. Morgan Stanley cut 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. Finally, Guggenheim upgraded DTE Energy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.