PensionDanmark Pensionsforsikringsaktieselskab Purchases 5,900 Shares of DTE Energy Company $DTE

PensionDanmark Pensionsforsikringsaktieselskab raised its position in DTE Energy Company (NYSE:DTE) by 11.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 56,540 shares of the utilities provider’s stock after purchasing an additional 5,900 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in DTE Energy were worth $8,615,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of DTE Energy by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 26,305,533 shares of the utilities provider’s stock worth $3,392,888,000 after acquiring an additional 766,499 shares during the last quarter. Capital Research Global Investors grew its position in DTE Energy by 3.1% in the 4th quarter. Capital Research Global Investors now owns 12,447,948 shares of the utilities provider’s stock valued at $1,605,539,000 after acquiring an additional 379,443 shares during the last quarter. State Street Corp increased its stake in DTE Energy by 2.5% in the fourth quarter. State Street Corp now owns 11,078,346 shares of the utilities provider’s stock worth $1,441,776,000 after purchasing an additional 272,068 shares during the period. Geode Capital Management LLC boosted its stake in shares of DTE Energy by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 5,592,670 shares of the utilities provider’s stock valued at $718,668,000 after purchasing an additional 117,322 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in shares of DTE Energy by 1.3% in the first quarter. Janus Henderson Group PLC now owns 3,084,544 shares of the utilities provider’s stock worth $451,022,000 after purchasing an additional 40,346 shares during the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

Insider Buying and Selling

In related news, VP Lisa A. Muschong sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $143.72, for a total value of $143,720.00. Following the completion of the transaction, the vice president owned 6,233 shares of the company’s stock, valued at $895,806.76. The trade was a 13.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of DTE Energy from $155.00 to $162.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Truist Financial decreased their price target on shares of DTE Energy from $166.00 to $160.00 and set a “buy” rating for the company in a research note on Tuesday. Mizuho lowered their price target on DTE Energy from $165.00 to $164.00 and set an “outperform” rating for the company in a report on Wednesday, July 29th. Morgan Stanley reissued an “overweight” rating on shares of DTE Energy in a research note on Wednesday, July 22nd. Finally, Wall Street Zen upgraded DTE Energy from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $158.62.

DTE Energy Stock Up 0.0%

Shares of DTE Energy stock opened at $140.00 on Friday. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.80 and a quick ratio of 0.53. DTE Energy Company has a 1 year low of $126.23 and a 1 year high of $155.74. The firm’s 50-day moving average is $147.23 and its two-hundred day moving average is $145.03. The stock has a market cap of $29.13 billion, a price-to-earnings ratio of 22.15, a PEG ratio of 3.06 and a beta of 0.38.

DTE Energy (NYSE:DTE) last posted its quarterly earnings results 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 net margin of 8.00% and a return on equity of 12.19%. The business had revenue of $6.74 billion during the quarter, compared to analyst estimates of $3.36 billion. During the same quarter in the previous year, the business posted $1.36 EPS. As a group, research analysts expect that DTE Energy Company will post 7.71 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Monday, September 21st will be issued a dividend of $1.165 per share. 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 dividend payout ratio (DPR) is presently 73.73%.

About DTE Energy

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.