Quantum Financial Advisors LLC Cuts Position in DTE Energy (NYSE:DTE)

Quantum Financial Advisors LLC lowered its position in DTE Energy (NYSE:DTE) by 7.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,804 shares of the utilities provider’s stock after selling 145 shares during the quarter. Quantum Financial Advisors LLC’s holdings in DTE Energy were worth $218,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its position in shares of DTE Energy by 2.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,588 shares of the utilities provider’s stock worth $461,000 after purchasing an additional 81 shares during the last quarter. Signaturefd LLC raised its stake in DTE Energy by 3.1% in the third quarter. Signaturefd LLC now owns 2,889 shares of the utilities provider’s stock valued at $371,000 after buying an additional 86 shares in the last quarter. Tidal Investments LLC lifted its holdings in DTE Energy by 4.0% during the 3rd quarter. Tidal Investments LLC now owns 2,490 shares of the utilities provider’s stock worth $320,000 after buying an additional 96 shares during the last quarter. ASB Consultores LLC boosted its position in shares of DTE Energy by 4.9% during the 2nd quarter. ASB Consultores LLC now owns 2,179 shares of the utilities provider’s stock worth $242,000 after acquiring an additional 101 shares in the last quarter. Finally, Centennial Wealth Advisory LLC increased its holdings in shares of DTE Energy by 2.1% in the 3rd quarter. Centennial Wealth Advisory LLC now owns 5,338 shares of the utilities provider’s stock valued at $685,000 after acquiring an additional 110 shares during the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

DTE Energy Price Performance

Shares of NYSE DTE opened at $118.16 on Tuesday. The stock has a fifty day moving average price of $121.29 and a 200 day moving average price of $121.73. DTE Energy has a 1-year low of $102.17 and a 1-year high of $131.66. 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 company has a market cap of $24.47 billion, a PE ratio of 16.01, a P/E/G ratio of 2.23 and a beta of 0.68.

DTE Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th will be paid a $1.09 dividend. This represents a $4.36 annualized dividend and a dividend yield of 3.69%. The ex-dividend date is Monday, December 16th. This is a boost from DTE Energy’s previous quarterly dividend of $1.02. DTE Energy’s dividend payout ratio (DPR) is 55.28%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DTE. UBS Group upgraded DTE Energy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $129.00 to $143.00 in a research note on Tuesday, December 3rd. Morgan Stanley lowered their target price on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. StockNews.com raised shares of DTE Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th. Jefferies Financial Group started coverage on DTE Energy in a report on Monday, October 21st. They set a “hold” rating and a $137.00 price objective on the stock. Finally, Wells Fargo & Company boosted their target price on DTE Energy from $133.00 to $145.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.31.

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.