FSA Advisors Inc. Reduces Position in DTE Energy (NYSE:DTE)

FSA Advisors Inc. lowered its position in DTE Energy (NYSE:DTE) by 53.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,502 shares of the utilities provider’s stock after selling 5,128 shares during the period. FSA Advisors Inc.’s holdings in DTE Energy were worth $547,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Nordea Investment Management AB lifted its position in DTE Energy by 2,235.2% during the 4th quarter. Nordea Investment Management AB now owns 221,237 shares of the utilities provider’s stock worth $26,706,000 after acquiring an additional 211,763 shares during the period. Patton Albertson Miller Group LLC raised its stake in shares of DTE Energy by 7.6% during the fourth quarter. Patton Albertson Miller Group LLC now owns 46,931 shares of the utilities provider’s stock worth $5,667,000 after purchasing an additional 3,306 shares during the last quarter. Hancock Whitney Corp lifted its holdings in shares of DTE Energy by 80.0% during the third quarter. Hancock Whitney Corp now owns 12,885 shares of the utilities provider’s stock worth $1,655,000 after purchasing an additional 5,725 shares during the period. Point72 DIFC Ltd purchased a new position in DTE Energy in the 3rd quarter valued at $650,000. Finally, Blueshift Asset Management LLC acquired a new position in DTE Energy in the 3rd quarter valued at $583,000. 76.06% of the stock is owned by institutional investors and hedge funds.

DTE Energy Stock Performance

Shares of DTE opened at $119.30 on Friday. DTE Energy has a 12-month low of $102.78 and a 12-month high of $131.66. The stock has a market cap of $24.71 billion, a P/E ratio of 16.16, a PEG ratio of 2.16 and a beta of 0.68. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76. The company has a 50-day moving average of $121.47 and a two-hundred day moving average of $122.54.

DTE Energy Increases Dividend

The business also recently disclosed 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 is an increase from DTE Energy’s previous quarterly dividend of $1.02. This represents a $4.36 annualized dividend and a dividend yield of 3.65%. The ex-dividend date was Monday, December 16th. DTE Energy’s payout ratio is currently 59.08%.

Wall Street Analyst Weigh In

DTE has been the subject of several recent analyst reports. UBS Group upgraded shares of DTE Energy from a “neutral” rating to a “buy” rating and raised their target price for the stock from $129.00 to $143.00 in a research note on Tuesday, December 3rd. Guggenheim upgraded shares of DTE Energy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Jefferies Financial Group initiated coverage on DTE Energy in a research report on Monday, October 21st. They set a “hold” rating and a $137.00 target price on the stock. Morgan Stanley decreased their price target on DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Finally, Barclays increased their price objective on DTE Energy from $128.00 to $137.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, DTE Energy currently has a consensus rating of “Moderate Buy” and an average 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.