SS&H Financial Advisors Inc. Has $622,000 Holdings in DTE Energy (NYSE:DTE)

SS&H Financial Advisors Inc. trimmed its stake in shares of DTE Energy (NYSE:DTE) by 12.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,150 shares of the utilities provider’s stock after selling 750 shares during the period. SS&H Financial Advisors Inc.’s holdings in DTE Energy were worth $622,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of DTE. Legacy Investment Solutions LLC acquired a new position in DTE Energy during the 3rd quarter worth $30,000. Prospera Private Wealth LLC acquired a new position in shares of DTE Energy during the third quarter valued at $35,000. Ashton Thomas Securities LLC bought a new position in DTE Energy in the third quarter valued at about $35,000. Versant Capital Management Inc increased its position in DTE Energy by 890.0% in the fourth quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 267 shares during the period. Finally, Coastline Trust Co acquired a new stake in DTE Energy in the third quarter worth about $39,000. 76.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

DTE has been the topic of several recent research reports. Scotiabank raised their target price on shares of DTE Energy from $137.00 to $147.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. KeyCorp cut shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Barclays upped their target price on shares of DTE Energy from $128.00 to $137.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Jefferies Financial Group began coverage on DTE Energy in a research report on Monday, October 21st. They issued a “hold” rating and a $137.00 price target on the stock. Finally, Morgan Stanley dropped their price objective on DTE Energy from $131.00 to $128.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, DTE Energy has a consensus rating of “Moderate Buy” and a consensus price target of $134.31.

DTE Energy Price Performance

Shares of DTE opened at $119.41 on Wednesday. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 1.76. DTE Energy has a twelve month low of $102.17 and a twelve month high of $131.66. The stock has a market capitalization of $24.73 billion, a P/E ratio of 16.18, a P/E/G ratio of 2.23 and a beta of 0.68. The company has a 50 day moving average of $121.21 and a 200-day moving average of $121.78.

DTE Energy Increases Dividend

The firm also recently declared 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 positive change from DTE Energy’s previous quarterly dividend of $1.02. This represents a $4.36 annualized dividend and a yield of 3.65%. The ex-dividend date is Monday, December 16th. DTE Energy’s payout ratio is presently 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.