Strategic Advisors LLC Decreases Stock Holdings in DTE Energy Company $DTE

Strategic Advisors LLC reduced its holdings in shares of DTE Energy Company (NYSE:DTE) by 95.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,214 shares of the utilities provider’s stock after selling 46,481 shares during the quarter. Strategic Advisors LLC’s holdings in DTE Energy were worth $337,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Empowered Funds LLC grew its stake in DTE Energy by 200.7% in the 1st quarter. Empowered Funds LLC now owns 9,909 shares of the utilities provider’s stock valued at $1,370,000 after purchasing an additional 6,614 shares during the period. Woodline Partners LP raised its stake in shares of DTE Energy by 40.8% during the 1st quarter. Woodline Partners LP now owns 17,509 shares of the utilities provider’s stock worth $2,421,000 after purchasing an additional 5,072 shares during the period. Intech Investment Management LLC boosted its holdings in shares of DTE Energy by 6.5% in the 1st quarter. Intech Investment Management LLC now owns 12,687 shares of the utilities provider’s stock worth $1,754,000 after buying an additional 773 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in shares of DTE Energy in the 2nd quarter worth about $203,000. Finally, Jump Financial LLC grew its position in DTE Energy by 154.5% during the second quarter. Jump Financial LLC now owns 12,677 shares of the utilities provider’s stock valued at $1,679,000 after buying an additional 7,696 shares during the period. Hedge funds and other institutional investors own 76.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Mizuho decreased their price objective on shares of DTE Energy from $164.00 to $152.00 and set an “outperform” rating for the company in a report on Thursday. Jefferies Financial Group set a $172.00 target price on shares of DTE Energy in a research note on Thursday, July 9th. TD Cowen initiated coverage on shares of DTE Energy in a research report on Tuesday, July 7th. They set a “hold” rating and a $166.00 target price for the company. Morgan Stanley decreased their price target on shares of DTE Energy from $153.00 to $148.00 and set an “overweight” rating for the company in a research note on Friday, August 21st. Finally, Barclays lowered their price target on shares of DTE Energy from $156.00 to $154.00 and set an “equal weight” rating on the stock in a report on Monday, May 4th. 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $157.00.

DTE Energy Trading Down 0.1%

Shares of DTE opened at $135.75 on Monday. The business’s 50-day moving average price is $144.97 and its 200-day moving average price is $145.37. DTE Energy Company has a twelve month low of $126.23 and a twelve month high of $155.74. The stock has a market cap of $28.25 billion, a PE ratio of 21.48, a P/E/G ratio of 2.95 and a beta of 0.38. The company has a quick ratio of 0.53, a current ratio of 0.80 and a debt-to-equity ratio of 2.13.

DTE Energy (NYSE:DTE) last released its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.18. DTE Energy had a net margin of 8.00% and a return on equity of 12.19%. The company had revenue of $6.74 billion during the quarter, compared to analyst estimates of $3.36 billion. During the same period last year, the business earned $1.36 earnings per share. On average, equities analysts forecast that DTE Energy Company will post 7.71 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Monday, September 21st will be paid a $1.165 dividend. The ex-dividend date is Monday, September 21st. This represents a $4.66 annualized dividend and a yield of 3.4%. DTE Energy’s dividend payout ratio is currently 73.73%.

DTE Energy Company 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.