Callan Family Office LLC acquired a new stake in DTE Energy Company (NYSE:DTE - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 9,439 shares of the utilities provider's stock, valued at approximately $1,438,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Louisiana State Employees Retirement System acquired a new position in shares of DTE Energy in the 1st quarter worth approximately $1,550,000. Convergence Investment Partners LLC acquired a new stake in DTE Energy in the 1st quarter valued at $3,142,000. Capital Innovations LLC acquired a new stake in DTE Energy in the 4th quarter valued at $1,014,000. Vanguard Group Inc. grew its position in DTE Energy by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 26,305,533 shares of the utilities provider's stock valued at $3,392,888,000 after acquiring an additional 766,499 shares during the period. Finally, Oxbow Advisors LLC acquired a new stake in shares of DTE Energy in the 4th quarter valued at $3,145,000. 76.06% of the stock is owned by institutional investors.
Analysts Set New Price Targets
DTE has been the subject of a number of recent analyst reports. Weiss Ratings upgraded shares of DTE Energy from a "buy (b-)" rating to a "buy (b)" rating in a research 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 price target on the stock. Mizuho reduced their price target on shares of DTE Energy from $165.00 to $164.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 29th. JPMorgan Chase & Co. upped their price objective on shares of DTE Energy from $155.00 to $162.00 and gave the stock a "neutral" rating in a research note on Thursday, July 16th. Finally, Barclays dropped their price objective on shares of DTE Energy from $156.00 to $154.00 and set an "equal weight" rating for the company in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $158.46.
Read Our Latest Analysis on DTE
DTE Energy Price Performance
Shares of DTE stock opened at $135.28 on Monday. The stock's fifty day moving average is $146.13 and its 200-day moving average is $145.34. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.53 and a current ratio of 0.80. The stock has a market capitalization of $28.15 billion, a PE ratio of 21.41, a PEG ratio of 2.94 and a beta of 0.38. DTE Energy Company has a 52 week low of $126.23 and a 52 week high of $155.74.
DTE Energy (NYSE:DTE - Get Free Report) last released its quarterly 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. The business had revenue of $6.74 billion during the quarter, compared to analysts' expectations of $3.36 billion. DTE Energy had a return on equity of 12.19% and a net margin of 8.00%.During the same period in the previous year, the business posted $1.36 earnings per share. Equities research analysts expect that DTE Energy Company will post 7.71 EPS for the current fiscal year.
DTE Energy Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Monday, September 21st will be paid a $1.165 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.4%. DTE Energy's payout ratio is currently 73.73%.
DTE Energy Profile
(
Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider DTE Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and DTE Energy wasn't on the list.
While DTE Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The AI boom is creating opportunities across semiconductors, cloud computing, enterprise software, infrastructure, cybersecurity, and automation.
Inside this report, you’ll find 10 companies positioned to benefit as artificial intelligence moves from hype to real-world deployment and becomes a core growth driver for corporate America.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
