World Investment Advisors LLC Buys Shares of 2,092 DTE Energy (NYSE:DTE)

World Investment Advisors LLC purchased a new position in DTE Energy (NYSE:DTE) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,092 shares of the utilities provider’s stock, valued at approximately $269,000.

A number of other hedge funds also recently modified their holdings of the business. Hancock Whitney Corp increased its stake in DTE Energy by 80.0% during the 3rd 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 in the last quarter. Bank of Montreal Can boosted its holdings in shares of DTE Energy by 19.0% in the second quarter. Bank of Montreal Can now owns 269,031 shares of the utilities provider’s stock valued at $30,220,000 after buying an additional 42,960 shares during the period. Point72 DIFC Ltd bought a new stake in shares of DTE Energy during the third quarter worth $650,000. Blueshift Asset Management LLC acquired a new stake in shares of DTE Energy during the third quarter worth $583,000. Finally, Duff & Phelps Investment Management Co. lifted its position in DTE Energy by 3.5% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 907,345 shares of the utilities provider’s stock valued at $116,512,000 after acquiring an additional 30,909 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DTE. Barclays upped 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. UBS Group raised shares of DTE Energy from a “neutral” rating to a “buy” rating and raised their price target for the stock from $129.00 to $143.00 in a research note on Tuesday, December 3rd. Jefferies Financial Group began coverage on shares of DTE Energy in a report on Monday, October 21st. They issued a “hold” rating and a $137.00 price objective on the stock. BMO Capital Markets increased their target price on shares of DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. Finally, Mizuho lifted their price target on shares of DTE Energy from $121.00 to $133.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, DTE Energy has a consensus rating of “Moderate Buy” and an average target price of $134.31.

DTE Energy Stock Down 2.6 %

DTE opened at $117.53 on Thursday. The stock has a fifty day moving average of $123.40 and a 200-day moving average of $120.66. The company has a market capitalization of $24.34 billion, a P/E ratio of 15.93, a P/E/G ratio of 2.23 and a beta of 0.68. DTE Energy has a fifty-two week low of $102.17 and a fifty-two week high of $131.66. 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 firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th will be paid a $1.09 dividend. This is a boost from DTE Energy’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend is Monday, December 16th. This represents a $4.36 annualized dividend and a yield of 3.71%. DTE Energy’s payout ratio is 59.08%.

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.