Catalyst Capital Advisors LLC Invests $88,000 in DTE Energy (NYSE:DTE)

Catalyst Capital Advisors LLC acquired a new position in shares of DTE Energy (NYSE:DTE) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 726 shares of the utilities provider’s stock, valued at approximately $88,000.

Other institutional investors also recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new stake in shares of DTE Energy during the third quarter worth approximately $30,000. Ashton Thomas Securities LLC bought a new stake in shares of DTE Energy during the third quarter worth approximately $35,000. Prospera Private Wealth LLC bought a new stake in shares of DTE Energy during the third quarter worth approximately $35,000. Versant Capital Management Inc boosted its holdings in shares of DTE Energy by 890.0% during the fourth quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 267 shares during the period. Finally, Coastline Trust Co acquired a new stake in shares of DTE Energy in the third quarter valued at approximately $39,000. Institutional investors own 76.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on DTE shares. UBS Group upgraded shares of DTE Energy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $129.00 to $143.00 in a research report on Tuesday, December 3rd. Morgan Stanley dropped their price target on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. Wells Fargo & Company lifted their price target on shares of DTE Energy from $133.00 to $145.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. StockNews.com downgraded shares of DTE Energy from a “hold” rating to a “sell” rating in a research report on Thursday, February 13th. Finally, BMO Capital Markets lifted their price target on shares of DTE Energy from $125.00 to $135.00 and gave the company a “market perform” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $135.83.

DTE Energy Stock Up 0.3 %

Shares of DTE opened at $129.48 on Wednesday. The firm has a 50 day simple moving average of $121.39 and a two-hundred day simple moving average of $123.12. The company has a market cap of $26.82 billion, a P/E ratio of 17.54, a P/E/G ratio of 2.25 and a beta of 0.68. DTE Energy has a one year low of $103.06 and a one year high of $131.66. 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 (NYSE:DTE) last posted its earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.01. DTE Energy had a net margin of 12.33% and a return on equity of 13.42%. Research analysts forecast that DTE Energy will post 6.77 EPS for the current fiscal year.

DTE Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be paid a dividend of $1.09 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.37%. DTE Energy’s payout ratio is presently 64.40%.

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.