4,250 Shares in DTE Energy Company $DTE Acquired by West Family Investments Inc.

West Family Investments Inc. purchased a new position in DTE Energy Company (NYSE:DTE) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,250 shares of the utilities provider’s stock, valued at approximately $648,000.

Several other hedge funds also recently made changes to their positions in DTE. Louisiana State Employees Retirement System purchased a new stake in DTE Energy during the 1st quarter valued at about $1,550,000. Convergence Investment Partners LLC bought a new position in shares of DTE Energy in the first quarter worth approximately $3,142,000. Capital Innovations LLC purchased a new position in shares of DTE Energy in the fourth quarter worth $1,014,000. Vanguard Group Inc. increased its stake in shares of DTE Energy by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 26,305,533 shares of the utilities provider’s stock worth $3,392,888,000 after buying an additional 766,499 shares during the period. Finally, Oxbow Advisors LLC bought a new stake in DTE Energy during the 4th quarter valued at $3,145,000. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DTE. Morgan Stanley restated an “overweight” rating on shares of DTE Energy in a report on Wednesday, July 22nd. BMO Capital Markets upped their target price on DTE Energy from $148.00 to $150.00 and gave the company a “market perform” rating in a report on Wednesday, July 29th. Barclays dropped their price target on DTE Energy from $156.00 to $154.00 and set an “equal weight” rating for the company in a research note on Monday, May 4th. Weiss Ratings upgraded shares of DTE Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. Finally, TD Cowen assumed coverage on shares of DTE Energy in a research report on Tuesday, July 7th. They issued a “hold” rating and a $166.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $158.62.

DTE Energy Stock Performance

Shares of NYSE:DTE opened at $139.22 on Thursday. DTE Energy Company has a 12 month low of $126.23 and a 12 month high of $155.74. The firm’s 50-day moving average is $146.53 and its 200 day moving average is $145.30. The company has a market capitalization of $28.97 billion, a price-to-earnings ratio of 22.03, a PEG ratio of 3.06 and a beta of 0.38. 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 announced its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $1.32 EPS for the quarter, beating the consensus estimate of $1.14 by $0.18. DTE Energy had a return on equity of 12.19% and a net margin of 8.00%.The company had revenue of $6.74 billion for the quarter, compared to the consensus estimate of $3.36 billion. During the same quarter in the prior year, the company posted $1.36 EPS. Research analysts predict that DTE Energy Company will post 7.71 EPS for the current year.

DTE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Monday, September 21st will be given a $1.165 dividend. This represents a $4.66 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Monday, September 21st. DTE Energy’s payout ratio is 73.73%.

DTE Energy 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.