Versant Capital Management Inc Acquires 267 Shares of DTE Energy (NYSE:DTE)

Versant Capital Management Inc grew its holdings in DTE Energy (NYSE:DTE) by 890.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 297 shares of the utilities provider’s stock after acquiring an additional 267 shares during the period. Versant Capital Management Inc’s holdings in DTE Energy were worth $36,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in DTE. Foundations Investment Advisors LLC bought a new stake in DTE Energy during the second quarter worth approximately $286,000. TD Asset Management Inc lifted its position in DTE Energy by 6.8% in the second quarter. TD Asset Management Inc now owns 192,559 shares of the utilities provider’s stock worth $21,376,000 after buying an additional 12,236 shares during the last quarter. National Bank of Canada FI boosted its stake in DTE Energy by 21.6% during the second quarter. National Bank of Canada FI now owns 81,457 shares of the utilities provider’s stock worth $8,889,000 after buying an additional 14,466 shares during the period. Private Advisor Group LLC boosted its stake in DTE Energy by 2.5% during the second quarter. Private Advisor Group LLC now owns 16,754 shares of the utilities provider’s stock worth $1,860,000 after buying an additional 412 shares during the period. Finally, Savant Capital LLC increased its position in DTE Energy by 3.5% during the second quarter. Savant Capital LLC now owns 5,261 shares of the utilities provider’s stock valued at $584,000 after acquiring an additional 176 shares during the last quarter. 76.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DTE has been the subject of a number of recent analyst reports. StockNews.com raised shares of DTE Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th. Mizuho boosted their target price on DTE Energy from $121.00 to $133.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. KeyCorp lowered DTE Energy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Barclays upped their price objective on DTE Energy from $128.00 to $137.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Finally, UBS Group upgraded DTE Energy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $129.00 to $143.00 in a research report on Tuesday, December 3rd. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, DTE Energy currently has a consensus rating of “Moderate Buy” and an average price target of $134.31.

DTE Energy Price Performance

NYSE DTE opened at $119.50 on Tuesday. The company has a market cap of $24.75 billion, a PE ratio of 16.19, a P/E/G ratio of 2.23 and a beta of 0.68. DTE Energy has a 52-week low of $102.17 and a 52-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. The firm’s 50 day moving average price is $121.60 and its 200-day moving average price is $121.41.

DTE Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th will be issued a $1.09 dividend. The ex-dividend date is Monday, December 16th. This is an increase from DTE Energy’s previous quarterly dividend of $1.02. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.65%. DTE Energy’s dividend payout ratio (DPR) is currently 59.08%.

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.