Arbor Trust Wealth Advisors LLC Purchases 6,952 Shares of DTE Energy (NYSE:DTE)

Arbor Trust Wealth Advisors LLC grew its position in shares of DTE Energy (NYSE:DTE) by 304.6% in the 4th quarter, HoldingsChannel reports. The fund owned 9,234 shares of the utilities provider’s stock after buying an additional 6,952 shares during the period. Arbor Trust Wealth Advisors LLC’s holdings in DTE Energy were worth $1,125,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC increased its stake in shares of DTE Energy by 2.3% in the third quarter. Farther Finance Advisors LLC now owns 3,588 shares of the utilities provider’s stock worth $461,000 after purchasing an additional 81 shares in the last quarter. Signaturefd LLC boosted its holdings in DTE Energy by 3.1% in the 3rd quarter. Signaturefd LLC now owns 2,889 shares of the utilities provider’s stock worth $371,000 after buying an additional 86 shares during the period. Tidal Investments LLC boosted its holdings in DTE Energy by 4.0% in the 3rd quarter. Tidal Investments LLC now owns 2,490 shares of the utilities provider’s stock worth $320,000 after buying an additional 96 shares during the period. ASB Consultores LLC grew its stake in DTE Energy by 4.9% in the 2nd quarter. ASB Consultores LLC now owns 2,179 shares of the utilities provider’s stock valued at $242,000 after buying an additional 101 shares in the last quarter. Finally, Centennial Wealth Advisory LLC raised its holdings in DTE Energy by 2.1% during the 3rd quarter. Centennial Wealth Advisory LLC now owns 5,338 shares of the utilities provider’s stock valued at $685,000 after acquiring an additional 110 shares during the period. 76.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. UBS Group raised 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 report on Tuesday, December 3rd. Morgan Stanley cut their target price on DTE Energy from $131.00 to $128.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. Barclays upped their price target on DTE Energy from $128.00 to $137.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. StockNews.com lowered shares of DTE Energy from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, BMO Capital Markets upped 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. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $134.31.

DTE Energy Stock Up 0.6 %

Shares of NYSE DTE opened at $123.69 on Friday. The stock has a market capitalization of $25.62 billion, a P/E ratio of 16.76, a PEG ratio of 2.05 and a beta of 0.68. DTE Energy has a one year low of $102.17 and a one year high of $131.66. The firm’s 50 day simple moving average is $121.43 and its two-hundred day simple moving average is $121.88. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.83 and a quick ratio of 0.62.

DTE Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 16th were issued a dividend of $1.09 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $4.36 annualized dividend and a dividend yield of 3.53%. This is a positive change from DTE Energy’s previous quarterly dividend of $1.02. DTE Energy’s dividend payout ratio (DPR) is currently 59.08%.

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.