Trivium Point Advisory LLC bought a new stake in DTE Energy Company (NYSE:DTE – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,150 shares of the utilities provider’s stock, valued at approximately $785,000.
A number of other large investors have also recently bought and sold shares of DTE. Oregon Public Employees Retirement Fund raised its holdings in shares of DTE Energy by 0.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 23,807 shares of the utilities provider’s stock valued at $3,481,000 after purchasing an additional 71 shares during the last quarter. Whittier Trust Co. lifted its position in shares of DTE Energy by 3.5% in the first quarter. Whittier Trust Co. now owns 2,220 shares of the utilities provider’s stock worth $328,000 after purchasing an additional 75 shares in the last quarter. Segment Wealth Management LLC boosted its holdings in DTE Energy by 4.6% during the fourth quarter. Segment Wealth Management LLC now owns 1,744 shares of the utilities provider’s stock worth $225,000 after purchasing an additional 76 shares during the last quarter. Prosperity Consulting Group LLC boosted its holdings in DTE Energy by 1.2% during the first quarter. Prosperity Consulting Group LLC now owns 6,342 shares of the utilities provider’s stock worth $927,000 after purchasing an additional 76 shares during the last quarter. Finally, HM Payson & Co. grew its position in DTE Energy by 23.6% in the fourth quarter. HM Payson & Co. now owns 419 shares of the utilities provider’s stock valued at $54,000 after purchasing an additional 80 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.
DTE Energy Price Performance
NYSE:DTE opened at $140.84 on Monday. DTE Energy Company has a 1-year low of $126.23 and a 1-year high of $155.74. The company has a current ratio of 0.80, a quick ratio of 0.53 and a debt-to-equity ratio of 2.13. The firm has a fifty day simple moving average of $146.83 and a 200 day simple moving average of $145.21. The stock has a market capitalization of $29.31 billion, a PE ratio of 22.29, a P/E/G ratio of 3.08 and a beta of 0.38.
DTE Energy Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Monday, September 21st will be issued a $1.165 dividend. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, September 21st. DTE Energy’s dividend payout ratio is presently 73.73%.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the stock. Bank of America reiterated a “buy” rating on shares of DTE Energy in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. increased their price objective on shares of DTE Energy from $155.00 to $162.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Truist Financial decreased their price objective on DTE Energy from $166.00 to $160.00 and set a “buy” rating for the company in a report on Tuesday, August 4th. Barclays lowered their target price on DTE Energy from $156.00 to $154.00 and set an “equal weight” rating on the stock in a research report on Monday, May 4th. Finally, TD Cowen began coverage on DTE Energy in a report on Tuesday, July 7th. They set a “hold” rating and a $166.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $158.62.
Check Out Our Latest Research Report on DTE
About DTE Energy
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.
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