41,970 Shares in DTE Energy Company $DTE Acquired by Nykredit A S

Nykredit A S bought a new stake in DTE Energy Company (NYSE:DTE) during the second quarter, HoldingsChannel.com reports. The firm bought 41,970 shares of the utilities provider’s stock, valued at approximately $6,395,000.

Other hedge funds also recently made changes to their positions in the company. Convergence Investment Partners LLC acquired a new stake in shares of DTE Energy during the 1st quarter valued at $3,142,000. Louisiana State Employees Retirement System bought a new stake in DTE Energy in the first quarter valued at approximately $1,550,000. Callan Family Office LLC bought a new stake in shares of DTE Energy in the 2nd quarter valued at $1,438,000. Capital Innovations LLC bought a new stake in DTE Energy during the fourth quarter valued at $1,014,000. Finally, OMERS ADMINISTRATION Corp acquired a new stake in DTE Energy during the second quarter worth approximately $2,236,000. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Morgan Stanley reduced their price target on shares of DTE Energy from $153.00 to $148.00 and set an “overweight” rating for the company in a report on Friday, August 21st. Wells Fargo & Company reaffirmed an “overweight” rating and set a $165.00 target price on shares of DTE Energy in a research report on Monday, June 15th. JPMorgan Chase & Co. upped their price objective on shares of DTE Energy from $155.00 to $162.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Mizuho reduced their price objective on DTE Energy from $164.00 to $152.00 and set an “outperform” rating for the company in a research note on Thursday, August 27th. Finally, Jefferies Financial Group set a $172.00 target price on shares of DTE Energy in a research report on Thursday, July 9th. 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $157.00.

More DTE Energy News

Here are the key news stories impacting DTE Energy this week:

• Positive Sentiment: DTE maintained its quarterly dividend at $1.165 per share, equivalent to $4.66 annually and a yield of approximately 3.4%. The dividend provides income support for investors, although the payout ratio is relatively high at 73.7%. DTE Energy Vice Chairman Trevor Lauer Sells 5,000 Shares
• Positive Sentiment: Analysts retain a generally favorable view, with a consensus rating of “Moderate Buy” and an average price target of $157, above the recent trading range. However, several firms have recently reduced their targets, reflecting some caution around valuation and utility-sector conditions. DTE Energy Vice Chairman Trevor Lauer Sells 5,000 Shares
• Neutral Sentiment: Longtime director David A. Thomas plans to retire from DTE Energy’s board. The change may attract governance attention, but no immediate effect on operations or earnings was disclosed. DTE Energy Announces Retirement of Longtime Board Director
• Negative Sentiment: Severe storms left roughly 250,000 Michigan customers without power, with DTE customers hit hardest. Restoration work could increase costs and renew scrutiny of reliability and infrastructure spending. 250K Without Power Across Michigan
• Negative Sentiment: A DTE-backed group lost its appeal against Ann Arbor’s public power proposal, potentially increasing the long-term risk of municipal competition and customer loss in one of its service areas. DTE-Backed Group Loses Appeal Against Ann Arbor Public Power Proposal
• Negative Sentiment: Vice Chairman Trevor Lauer sold 5,000 shares worth approximately $678,550, reducing his direct ownership by 6.4%. While the sale may have been planned, insider selling can weigh on sentiment. DTE Energy Vice Chairman Trevor Lauer Sells 5,000 Shares

Insider Buying and Selling

In other DTE Energy news, Vice Chairman Trevor Lauer sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $135.71, for a total transaction of $678,550.00. Following the sale, the insider owned 73,122 shares in the company, valued at $9,923,386.62. This trade represents a 6.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

DTE Energy Price Performance

Shares of NYSE:DTE opened at $135.88 on Monday. The stock has a market cap of $28.28 billion, a P/E ratio of 21.50, a P/E/G ratio of 2.96 and a beta of 0.37. DTE Energy Company has a 12 month low of $126.23 and a 12 month high of $155.74. The company has a 50 day moving average of $143.49 and a 200 day moving average of $145.18. The company has a current ratio of 0.80, a quick ratio of 0.53 and a debt-to-equity ratio of 2.13.

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

DTE Energy Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Monday, September 21st. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.4%. DTE Energy’s dividend payout ratio is presently 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.