DTE Energy Company $DTE Shares Bought by Hsbc Holdings PLC

Key Points

• HSBC Holdings increased its DTE Energy stake by 25.1% in the second quarter, purchasing 148,496 additional shares to reach 739,633 shares valued at approximately $112.9 million.
• DTE Energy reported quarterly EPS of $1.32, beating estimates of $1.14, on revenue of $6.74 billion. The company declared a quarterly dividend of $1.165 per share, equating to an annualized yield of about 3.4%.
• Analysts maintain a generally favorable “Moderate Buy” consensus with an average price target of $157, although some firms have recently lowered their targets. Shares recently traded at $135.88, while risks include storm-related outages, potential municipal competition and insider selling.

Hsbc Holdings PLC raised its holdings in DTE Energy Company (NYSE:DTE - Free Report) by 25.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 739,633 shares of the utilities provider's stock after purchasing an additional 148,496 shares during the quarter. Hsbc Holdings PLC owned 0.36% of DTE Energy worth $112,913,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund lifted its holdings in shares of DTE Energy by 0.3% in 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 buying an additional 71 shares during the period. Whittier Trust Co. grew its holdings in DTE Energy by 3.5% during the first quarter. Whittier Trust Co. now owns 2,220 shares of the utilities provider's stock worth $328,000 after acquiring an additional 75 shares during the period. Prosperity Consulting Group LLC grew its holdings in DTE Energy by 1.2% during the first 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 during the period. HM Payson & Co. grew its holdings 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 acquiring an additional 80 shares during the period. Finally, MeadowBrook Investment Advisors LLC raised its position in DTE Energy by 3.6% during the first quarter. MeadowBrook Investment Advisors LLC now owns 2,504 shares of the utilities provider's stock valued at $366,000 after acquiring an additional 88 shares in the last quarter. 76.06% of the stock is owned by institutional investors and hedge funds.

DTE Energy Trading Down 0.1%

Shares of DTE Energy stock opened at $135.88 on Monday. 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 Company has a twelve month low of $126.23 and a twelve month high of $155.74. The firm has a market capitalization of $28.28 billion, a PE ratio of 21.50, a P/E/G ratio of 2.96 and a beta of 0.37. The firm's 50-day moving average price is $143.49 and its 200 day moving average price is $145.18.

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 for the quarter, beating analysts' consensus estimates 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 analyst estimates of $3.36 billion. During the same quarter last year, the firm posted $1.36 EPS. On average, sell-side analysts predict that DTE Energy Company will post 7.71 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 3.4%. DTE Energy's payout ratio is presently 73.73%.

DTE Energy News Roundup

Here are the key news stories impacting DTE Energy this week:

• Positive Sentiment: DTE maintained its quarterly dividend at $1.165 per share, equivalent to $4.66 annually and a yield of approximately 3.4%. The dividend provides income support for investors, although the payout ratio is relatively high at 73.7%. DTE Energy Vice Chairman Trevor Lauer Sells 5,000 Shares
• Positive Sentiment: Analysts retain a generally favorable view, with a consensus rating of “Moderate Buy” and an average price target of $157, above the recent trading range. However, several firms have recently reduced their targets, reflecting some caution around valuation and utility-sector conditions. DTE Energy Vice Chairman Trevor Lauer Sells 5,000 Shares
• Neutral Sentiment: Longtime director David A. Thomas plans to retire from DTE Energy’s board. The change may attract governance attention, but no immediate effect on operations or earnings was disclosed. DTE Energy Announces Retirement of Longtime Board Director
• Negative Sentiment: Severe storms left roughly 250,000 Michigan customers without power, with DTE customers hit hardest. Restoration work could increase costs and renew scrutiny of reliability and infrastructure spending. 250K Without Power Across Michigan
• Negative Sentiment: A DTE-backed group lost its appeal against Ann Arbor’s public power proposal, potentially increasing the long-term risk of municipal competition and customer loss in one of its service areas. DTE-Backed Group Loses Appeal Against Ann Arbor Public Power Proposal
• Negative Sentiment: Vice Chairman Trevor Lauer sold 5,000 shares worth approximately $678,550, reducing his direct ownership by 6.4%. While the sale may have been planned, insider selling can weigh on sentiment. DTE Energy Vice Chairman Trevor Lauer Sells 5,000 Shares

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on DTE shares. Wall Street Zen downgraded DTE Energy from a "hold" rating to a "sell" rating in a report on Saturday, August 15th. Morgan Stanley dropped their price objective on shares of DTE Energy from $153.00 to $148.00 and set an "overweight" rating on the stock in a research note on Friday, August 21st. Jefferies Financial Group set a $172.00 target price on shares of DTE Energy in a report on Thursday, July 9th. Truist Financial decreased their target price 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, August 4th. Finally, Weiss Ratings raised shares of DTE Energy from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $157.00.

Insider Transactions at DTE Energy

In other DTE Energy news, Vice Chairman Trevor Lauer sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $135.71, for a total value of $678,550.00. Following the transaction, the insider directly owned 73,122 shares of the company's stock, valued at $9,923,386.62. This trade represents a 6.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.60% of the company's stock.

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.

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