7,326 Shares in DTE Energy Company $DTE Bought by Focus Partners Advisor Solutions LLC

Key Points

• Focus Partners Advisor Solutions bought 7,326 shares of DTE Energy in the second quarter, valued at approximately $1.12 million. Institutional investors collectively own 76.06% of the company.
• DTE Energy reported quarterly EPS of $1.32, exceeding analysts’ $1.14 estimate, while revenue reached $6.74 billion. Analysts expect full-year EPS of $7.71.
• The company declared a quarterly dividend of $1.165 per share, equivalent to an annualized $4.66 payout and a 3.3% yield; analysts collectively rate the stock “Moderate Buy” with an average $158.62 price target.

Focus Partners Advisor Solutions LLC purchased a new stake in DTE Energy Company (NYSE:DTE - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,326 shares of the utilities provider's stock, valued at approximately $1,116,000.

A number of other institutional investors also recently modified their holdings of the company. Laurel Wealth Advisors LLC bought a new position in shares of DTE Energy during the 4th quarter worth approximately $25,000. Quest 10 Wealth Builders Inc. lifted its position in shares of DTE Energy by 754.2% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 205 shares of the utilities provider's stock worth $26,000 after purchasing an additional 181 shares in the last quarter. Torren Management LLC acquired a new position in DTE Energy during the fourth quarter worth $26,000. Elyxium Wealth LLC acquired a new position in DTE Energy during the fourth quarter worth $29,000. Finally, Key Financial Inc bought a new position in DTE Energy in the first quarter valued at $29,000. 76.06% of the stock is currently owned by institutional investors.

DTE Energy Stock Up 0.0%

DTE stock opened at $140.84 on Monday. The company has a market cap of $29.31 billion, a PE ratio of 22.29, a price-to-earnings-growth ratio of 3.08 and a beta of 0.38. The business has a 50-day simple moving average of $146.83 and a 200 day simple moving average of $145.21. DTE Energy Company has a 52 week low of $126.23 and a 52 week high of $155.74. The company has a quick ratio of 0.53, a current ratio of 0.80 and a debt-to-equity ratio of 2.13.

DTE Energy (NYSE:DTE - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $1.32 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $6.74 billion for the quarter, compared to the consensus estimate of $3.36 billion. During the same period in the prior year, the company posted $1.36 earnings per share. Sell-side analysts anticipate that DTE Energy Company will post 7.71 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Monday, September 21st will be given a dividend of $1.165 per share. The ex-dividend date is Monday, September 21st. This represents a $4.66 annualized dividend and a dividend yield of 3.3%. DTE Energy's dividend payout ratio (DPR) is currently 73.73%.

Analyst Ratings Changes

Several analysts recently issued reports on DTE shares. BMO Capital Markets upped their target price on DTE Energy from $148.00 to $150.00 and gave the stock a "market perform" rating in a report on Wednesday, July 29th. TD Cowen initiated coverage on DTE Energy in a research note on Tuesday, July 7th. They set a "hold" rating and a $166.00 price objective on the stock. Mizuho cut their price objective on DTE Energy from $165.00 to $164.00 and set an "outperform" rating for the company in a report on Wednesday, July 29th. Weiss Ratings raised shares of DTE Energy from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, July 28th. Finally, Truist Financial lowered their target price on shares of DTE Energy from $166.00 to $160.00 and set a "buy" rating on the stock in a report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $158.62.

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.

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