MassMutual Private Wealth & Trust FSB Has $466,000 Stock Holdings in DTE Energy (NYSE:DTE)

MassMutual Private Wealth & Trust FSB lowered its stake in DTE Energy (NYSE:DTE) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,861 shares of the utilities provider’s stock after selling 86 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in DTE Energy were worth $466,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Legacy Investment Solutions LLC bought a new position in shares of DTE Energy in the 3rd quarter valued at $30,000. Ashton Thomas Securities LLC acquired a new position in DTE Energy in the 3rd quarter worth about $35,000. Prospera Private Wealth LLC bought a new position in DTE Energy in the third quarter valued at about $35,000. Versant Capital Management Inc boosted its stake in shares of DTE Energy by 890.0% during the fourth quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 267 shares in the last quarter. Finally, Coastline Trust Co bought a new stake in shares of DTE Energy during the third quarter worth about $39,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Price Performance

Shares of DTE opened at $123.86 on Wednesday. The firm has a market cap of $25.65 billion, a PE ratio of 16.78, a price-to-earnings-growth ratio of 2.13 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 business’s 50 day moving average price is $121.51 and its two-hundred day moving average price is $122.16. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.83.

DTE Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 16th were given a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.52%. 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 payout ratio is presently 59.08%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on DTE shares. Morgan Stanley dropped their price objective 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. Barclays raised their price target on shares of DTE Energy from $128.00 to $137.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. BMO Capital Markets boosted 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 report on Wednesday, December 4th. Finally, Wells Fargo & Company upped their price target on DTE Energy from $133.00 to $145.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.