Reaves W H & Co. Inc. Buys 25,946 Shares of DTE Energy Company $DTE

Reaves W H & Co. Inc. increased its position in DTE Energy Company (NYSE:DTE) by 4.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 586,694 shares of the utilities provider’s stock after purchasing an additional 25,946 shares during the quarter. DTE Energy makes up about 1.5% of Reaves W H & Co. Inc.’s portfolio, making the stock its 22nd biggest position. Reaves W H & Co. Inc. owned approximately 0.28% of DTE Energy worth $82,976,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Global Wealth Strategies & Associates bought a new position in DTE Energy during the 3rd quarter worth about $28,000. Clean Yield Group purchased a new position in DTE Energy during the third quarter valued at approximately $28,000. Cloud Capital Management LLC bought a new position in DTE Energy in the third quarter worth approximately $28,000. Capital A Wealth Management LLC lifted its holdings in DTE Energy by 5,775.0% during the second quarter. Capital A Wealth Management LLC now owns 235 shares of the utilities provider’s stock worth $31,000 after buying an additional 231 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in DTE Energy during the 3rd quarter valued at $31,000. 76.06% of the stock is owned by institutional investors.

DTE Energy Stock Up 0.2%

NYSE:DTE opened at $135.12 on Tuesday. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.15 and a quick ratio of 0.68. The company’s fifty day moving average price is $131.87 and its 200-day moving average price is $136.03. DTE Energy Company has a 1-year low of $122.12 and a 1-year high of $143.79. The firm has a market capitalization of $28.06 billion, a P/E ratio of 20.29, a PEG ratio of 2.47 and a beta of 0.49.

DTE Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Monday, March 16th will be given a dividend of $1.165 per share. This represents a $4.66 annualized dividend and a yield of 3.4%. The ex-dividend date is Monday, March 16th. DTE Energy’s dividend payout ratio (DPR) is currently 69.97%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. UBS Group reduced their price target on DTE Energy from $155.00 to $151.00 and set a “buy” rating for the company in a research report on Wednesday, December 17th. Barclays decreased their target price on shares of DTE Energy from $148.00 to $141.00 and set an “equal weight” rating for the company in a research report on Thursday, January 15th. BMO Capital Markets reduced their price target on DTE Energy from $151.00 to $148.00 and set a “market perform” rating on the stock in a research report on Wednesday, December 24th. Wall Street Zen raised DTE Energy from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. Finally, Jefferies Financial Group upped their target price on DTE Energy from $150.00 to $153.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $147.69.

DTE Energy Profile

DTE Energy is an integrated energy company headquartered in Detroit, Michigan, that combines regulated utility operations with non-utility energy businesses. Its regulated subsidiaries operate electric and natural gas utility services that deliver generation, transmission and distribution to residential, commercial and industrial customers. The company’s utility segment focuses on maintaining and upgrading energy delivery infrastructure, ensuring reliable service and meeting regulatory requirements in its service territory.

Beyond its regulated utilities, DTE Energy operates non-utility businesses that develop, own and operate power generation and energy-related projects.