Lincoln Capital Corp Has $2.72 Million Stock Holdings in DTE Energy (NYSE:DTE)

Lincoln Capital Corp raised its stake in DTE Energy (NYSE:DTE) by 1.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,501 shares of the utilities provider’s stock after purchasing an additional 339 shares during the period. DTE Energy makes up approximately 1.1% of Lincoln Capital Corp’s holdings, making the stock its 25th biggest position. Lincoln Capital Corp’s holdings in DTE Energy were worth $2,717,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of DTE. Mizuho Securities USA LLC grew its holdings in shares of DTE Energy by 44,009.5% in the 3rd quarter. Mizuho Securities USA LLC now owns 7,039,000 shares of the utilities provider’s stock worth $903,878,000 after purchasing an additional 7,023,042 shares during the last quarter. State Street Corp boosted its holdings in shares of DTE Energy by 7.0% in the 3rd quarter. State Street Corp now owns 10,193,572 shares of the utilities provider’s stock worth $1,319,264,000 after acquiring an additional 662,569 shares in the last quarter. Zimmer Partners LP acquired a new position in DTE Energy in the third quarter worth $69,894,000. Point72 Asset Management L.P. bought a new stake in shares of DTE Energy during the third quarter worth $66,733,000. Finally, Nordea Investment Management AB raised its holdings in shares of DTE Energy by 2,235.2% in the fourth quarter. Nordea Investment Management AB now owns 221,237 shares of the utilities provider’s stock valued at $26,706,000 after buying an additional 211,763 shares during the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Price Performance

Shares of DTE opened at $119.51 on Friday. The firm has a market capitalization of $24.75 billion, a PE ratio of 16.19, a PEG ratio of 2.14 and a beta of 0.68. 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’s 50-day moving average is $121.61 and its 200-day moving average is $122.25. DTE Energy has a fifty-two week low of $102.17 and a fifty-two week high of $131.66.

DTE Energy Increases Dividend

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

Wall Street Analysts Forecast Growth

DTE has been the subject of several research reports. BMO Capital Markets raised their price objective on shares of DTE Energy from $135.00 to $140.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. StockNews.com lowered DTE Energy from a “hold” rating to a “sell” rating in a research report on Thursday, January 16th. 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 report on Tuesday, December 3rd. KeyCorp downgraded shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Finally, Jefferies Financial Group assumed coverage on DTE Energy in a research note on Monday, October 21st. They issued a “hold” rating and a $137.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, DTE Energy has an average rating of “Moderate Buy” and an average price target of $136.25.

DTE Energy 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.