Stratos Wealth Partners LTD. Has $262,000 Stock Position in DTE Energy Company (NYSE:DTE)

Stratos Wealth Partners LTD. trimmed its position in DTE Energy Company (NYSE:DTE) by 11.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,893 shares of the utilities provider’s stock after selling 246 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in DTE Energy were worth $262,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bessemer Group Inc. boosted its holdings in shares of DTE Energy by 5.1% in the first quarter. Bessemer Group Inc. now owns 2,192 shares of the utilities provider’s stock worth $303,000 after buying an additional 107 shares during the period. Orion Portfolio Solutions LLC boosted its holdings in shares of DTE Energy by 39.2% during the fourth quarter. Orion Portfolio Solutions LLC now owns 5,742 shares of the utilities provider’s stock worth $693,000 after purchasing an additional 1,618 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in shares of DTE Energy by 17.7% during the first quarter. Oppenheimer & Co. Inc. now owns 2,118 shares of the utilities provider’s stock worth $293,000 after purchasing an additional 318 shares during the period. Fifth Third Bancorp boosted its holdings in shares of DTE Energy by 3.5% during the first quarter. Fifth Third Bancorp now owns 7,705 shares of the utilities provider’s stock worth $1,065,000 after purchasing an additional 264 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of DTE Energy by 8.3% during the first quarter. GAMMA Investing LLC now owns 8,560 shares of the utilities provider’s stock worth $1,184,000 after purchasing an additional 658 shares during the period. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on DTE shares. Citigroup restated a “buy” rating and set a $151.00 price target (up from $142.00) on shares of DTE Energy in a report on Friday, May 23rd. Morgan Stanley decreased their price target on shares of DTE Energy from $136.00 to $134.00 and set an “overweight” rating for the company in a report on Thursday, May 22nd. Evercore ISI raised their price target on shares of DTE Energy from $136.00 to $145.00 and gave the stock an “outperform” rating in a report on Friday, May 2nd. Barclays raised their price target on shares of DTE Energy from $136.00 to $138.00 and gave the stock an “equal weight” rating in a report on Tuesday. Finally, BMO Capital Markets raised their price target on shares of DTE Energy from $135.00 to $142.00 and gave the stock a “market perform” rating in a report on Monday, April 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $141.53.

DTE Energy Price Performance

NYSE DTE opened at $134.25 on Thursday. The company has a quick ratio of 0.59, a current ratio of 0.87 and a debt-to-equity ratio of 1.82. The stock has a market capitalization of $27.86 billion, a PE ratio of 18.14, a price-to-earnings-growth ratio of 2.27 and a beta of 0.44. The company has a 50 day moving average price of $133.94 and a two-hundred day moving average price of $130.85. DTE Energy Company has a 12-month low of $114.77 and a 12-month high of $140.39.

DTE Energy (NYSE:DTE) last released its quarterly earnings results on Thursday, May 1st. The utilities provider reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.12. DTE Energy had a net margin of 11.25% and a return on equity of 13.00%. The company had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same quarter last year, the firm posted $1.67 earnings per share. As a group, equities analysts predict that DTE Energy Company will post 7.18 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be given a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date is Monday, September 15th. DTE Energy’s dividend payout ratio is 58.92%.

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.