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

West Family Investments Inc. purchased a new stake in shares of DTE Energy Company (NYSE:DTE) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,250 shares of the utilities provider’s stock, valued at approximately $648,000.

Other institutional investors also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund grew its stake in DTE Energy by 0.3% during the 1st 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 in the last quarter. Whittier Trust Co. raised its stake in DTE Energy by 3.5% during the first quarter. Whittier Trust Co. now owns 2,220 shares of the utilities provider’s stock valued at $328,000 after buying an additional 75 shares in the last quarter. Prosperity Consulting Group LLC grew its position in shares of DTE Energy by 1.2% in the 1st quarter. Prosperity Consulting Group LLC now owns 6,342 shares of the utilities provider’s stock worth $927,000 after acquiring an additional 76 shares in the last quarter. HM Payson & Co. lifted its stake in DTE Energy by 23.6% during the fourth quarter. HM Payson & Co. now owns 419 shares of the utilities provider’s stock worth $54,000 after purchasing an additional 80 shares during the last quarter. Finally, MeadowBrook Investment Advisors LLC boosted its holdings in shares of DTE Energy by 3.6% in the 1st quarter. MeadowBrook Investment Advisors LLC now owns 2,504 shares of the utilities provider’s stock valued at $366,000 after buying an additional 88 shares during the period. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at DTE Energy

In other DTE Energy news, Vice Chairman Trevor Lauer sold 5,000 shares of the company’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $135.71, for a total transaction of $678,550.00. Following the transaction, the insider owned 73,122 shares of the company’s stock, valued at approximately $9,923,386.62. This represents a 6.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

DTE has been the topic of a number of analyst reports. Jefferies Financial Group set a $172.00 price objective on shares of DTE Energy in a report on Thursday, July 9th. Mizuho lowered their target price on DTE Energy from $164.00 to $152.00 and set an “outperform” rating on the stock in a research report on Thursday, August 27th. Weiss Ratings raised DTE Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. TD Cowen initiated 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. Finally, JPMorgan Chase & Co. boosted their price target 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. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, DTE Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

DTE Energy Stock Up 0.9%

NYSE:DTE traded up $1.27 during trading hours on Tuesday, reaching $137.35. The company’s stock had a trading volume of 1,257,652 shares, compared to its average volume of 1,413,400. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.80 and a quick ratio of 0.53. The company has a market cap of $28.58 billion, a price-to-earnings ratio of 21.73, a price-to-earnings-growth ratio of 2.96 and a beta of 0.37. The business’s 50-day moving average is $142.82 and its 200-day moving average is $145.08. DTE Energy Company has a one year low of $126.23 and a one year high of $155.74.

DTE Energy (NYSE:DTE) last posted its earnings results on Tuesday, July 28th. The utilities provider reported $1.32 earnings per share (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 business had revenue of $6.74 billion for the quarter, compared to analyst estimates of $3.36 billion. During the same period last year, the business posted $1.36 EPS. Equities research analysts predict that DTE Energy Company will post 7.71 EPS for the current year.

DTE Energy Dividend Announcement

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 issued a dividend of $1.165 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a $4.66 dividend on an annualized basis 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.