Teza Capital Management LLC Has $206,000 Position in DTE Energy Company $DTE

Teza Capital Management LLC lowered its position in DTE Energy Company (NYSE:DTE) by 93.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,492 shares of the utilities provider’s stock after selling 20,120 shares during the period. Teza Capital Management LLC’s holdings in DTE Energy were worth $206,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in DTE. Cloud Capital Management LLC acquired a new position in DTE Energy in the first quarter worth approximately $25,000. Olde Wealth Management LLC bought a new stake in DTE Energy during the first quarter worth approximately $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in DTE Energy during the first quarter worth approximately $28,000. SouthState Corp bought a new stake in DTE Energy during the first quarter worth approximately $29,000. Finally, N.E.W. Advisory Services LLC bought a new stake in DTE Energy during the first quarter worth approximately $31,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on DTE shares. JPMorgan Chase & Co. upped their target price on DTE Energy from $145.00 to $147.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 15th. Wall Street Zen raised DTE Energy from a “sell” rating to a “hold” rating in a research report on Saturday. Morgan Stanley set a $140.00 price objective on DTE Energy and gave the company an “overweight” rating in a research report on Thursday, August 21st. BMO Capital Markets raised their target price on DTE Energy from $140.00 to $144.00 and gave the stock a “market perform” rating in a research report on Monday, August 25th. Finally, Citigroup reiterated a “buy” rating and set a $151.00 price target (up previously from $142.00) on shares of DTE Energy in a research note on Friday, May 23rd. Seven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $144.25.

Insider Activity

In other DTE Energy news, VP Lisa A. Muschong sold 1,600 shares of DTE Energy stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $140.53, for a total transaction of $224,848.00. Following the completion of the transaction, the vice president directly owned 4,153 shares of the company’s stock, valued at approximately $583,621.09. This trade represents a 27.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.33% of the company’s stock.

DTE Energy Stock Up 0.3%

DTE opened at $135.12 on Wednesday. The company has a market capitalization of $28.05 billion, a P/E ratio of 19.44, a P/E/G ratio of 2.68 and a beta of 0.42. The firm’s fifty day moving average price is $136.88 and its two-hundred day moving average price is $135.12. DTE Energy Company has a fifty-two week low of $115.59 and a fifty-two week high of $142.05. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.94 and a quick ratio of 0.57.

DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Tuesday, July 29th. The utilities provider reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.01). The company had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.67 billion. DTE Energy had a net margin of 10.16% and a return on equity of 12.72%. On average, analysts anticipate that DTE Energy Company will post 7.18 EPS for the current year.

DTE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be issued a dividend of $1.09 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.2%. DTE Energy’s dividend payout ratio (DPR) is presently 62.73%.

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.