WealthBridge Capital Management LLC Purchases 4,521 Shares of DTE Energy Company $DTE

WealthBridge Capital Management LLC lifted its position in shares of DTE Energy Company (NYSE:DTE) by 180.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 7,028 shares of the utilities provider’s stock after purchasing an additional 4,521 shares during the quarter. WealthBridge Capital Management LLC’s holdings in DTE Energy were worth $994,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of DTE. AE Wealth Management LLC raised its stake in shares of DTE Energy by 5.0% during the 3rd quarter. AE Wealth Management LLC now owns 118,521 shares of the utilities provider’s stock valued at $16,762,000 after purchasing an additional 5,658 shares during the period. CWM LLC grew its position in shares of DTE Energy by 50.5% during the 3rd quarter. CWM LLC now owns 35,893 shares of the utilities provider’s stock valued at $5,076,000 after purchasing an additional 12,045 shares in the last quarter. Wedge Capital Management L L P NC bought a new position in shares of DTE Energy in the third quarter worth $16,723,000. Bogart Wealth LLC raised its position in shares of DTE Energy by 49,181.8% in the third quarter. Bogart Wealth LLC now owns 54,210 shares of the utilities provider’s stock worth $7,667,000 after buying an additional 54,100 shares in the last quarter. Finally, Hudson Bay Capital Management LP bought a new stake in DTE Energy during the second quarter valued at $15,277,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Scotiabank lowered their price target on DTE Energy from $147.00 to $146.00 and set a “sector perform” rating on the stock in a report on Friday, October 31st. Barclays decreased their price objective on shares of DTE Energy from $148.00 to $141.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 15th. BMO Capital Markets dropped their target price on shares of DTE Energy from $151.00 to $148.00 and set a “market perform” rating for the company in a research report on Wednesday, December 24th. Mizuho increased their price target on shares of DTE Energy from $140.00 to $144.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Finally, Morgan Stanley raised their price objective on shares of DTE Energy from $142.00 to $143.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. Ten investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $147.69.

DTE Energy Trading Up 2.8%

DTE stock opened at $144.87 on Monday. The company has a market capitalization of $30.09 billion, a PE ratio of 21.75, a price-to-earnings-growth ratio of 2.66 and a beta of 0.49. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.68 and a current ratio of 1.15. DTE Energy Company has a one year low of $123.69 and a one year high of $145.41. The company’s 50 day moving average price is $132.57 and its two-hundred day moving average price is $136.12.

DTE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 16th will be given a dividend of $1.165 per share. This represents a $4.66 annualized dividend and a yield of 3.2%. The ex-dividend date is Monday, March 16th. DTE Energy’s dividend payout ratio is presently 69.97%.

DTE Energy Profile

DTE Energy is an integrated energy company headquartered in Detroit, Michigan, that combines regulated utility operations with non-utility energy businesses. Its regulated subsidiaries operate electric and natural gas utility services that deliver generation, transmission and distribution to residential, commercial and industrial customers. The company’s utility segment focuses on maintaining and upgrading energy delivery infrastructure, ensuring reliable service and meeting regulatory requirements in its service territory.

Beyond its regulated utilities, DTE Energy operates non-utility businesses that develop, own and operate power generation and energy-related projects.