Farmers Trust Co. Sells 93 Shares of DTE Energy (NYSE:DTE)

Farmers Trust Co. decreased its holdings in shares of DTE Energy (NYSE:DTE) by 4.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,216 shares of the utilities provider’s stock after selling 93 shares during the period. Farmers Trust Co.’s holdings in DTE Energy were worth $268,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Private Advisor Group LLC lifted its position in shares of DTE Energy by 2.5% in the 2nd quarter. Private Advisor Group LLC now owns 16,754 shares of the utilities provider’s stock worth $1,860,000 after purchasing an additional 412 shares during the period. Savant Capital LLC boosted its position in DTE Energy by 3.5% during the 2nd 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 in the last quarter. Acadian Asset Management LLC bought a new stake in DTE Energy during the 2nd quarter valued at approximately $331,000. Wedbush Securities Inc. grew its holdings in shares of DTE Energy by 7.8% during the 2nd quarter. Wedbush Securities Inc. now owns 3,705 shares of the utilities provider’s stock worth $411,000 after acquiring an additional 268 shares during the period. Finally, Choreo LLC raised its position in shares of DTE Energy by 57.5% in the 2nd quarter. Choreo LLC now owns 8,213 shares of the utilities provider’s stock worth $897,000 after acquiring an additional 3,000 shares in the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

DTE Energy Price Performance

Shares of NYSE:DTE opened at $121.06 on Thursday. 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 has a market cap of $25.07 billion, a price-to-earnings ratio of 16.40, a price-to-earnings-growth ratio of 2.23 and a beta of 0.68. The business has a 50-day simple moving average of $121.47 and a two-hundred day simple moving average of $121.48. DTE Energy has a fifty-two week low of $102.17 and a fifty-two week high of $131.66.

DTE Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th will be issued a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 3.60%. This is a boost from DTE Energy’s previous quarterly dividend of $1.02. The ex-dividend date is Monday, December 16th. DTE Energy’s payout ratio is presently 59.08%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DTE. Barclays upped their price target on DTE Energy from $128.00 to $137.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. BMO Capital Markets increased their price target on shares of DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. StockNews.com raised shares of DTE Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th. Jefferies Financial Group initiated coverage on shares of DTE Energy in a research note on Monday, October 21st. They set a “hold” rating and a $137.00 target price for the company. Finally, Scotiabank boosted their price target on DTE Energy from $137.00 to $147.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $134.31.

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.