Fiduciary Family Office LLC Makes New Investment in DTE Energy Company (NYSE:DTE)

Key Points

• Fiduciary Family Office LLC has acquired 2,034 shares of DTE Energy, valued at approximately $281,000, as reported in its latest 13F filing.
• DTE Energy has reported a miss in earnings with $1.36 EPS for the last quarter, which was below the consensus estimate of $1.37, but revenue exceeded expectations at $2.91 billion.
• The company declared a quarterly dividend of $1.09 per share, providing a 3.1% dividend yield and indicating a payout ratio of 62.73%.

Fiduciary Family Office LLC purchased a new position in DTE Energy Company (NYSE:DTE - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,034 shares of the utilities provider's stock, valued at approximately $281,000.

A number of other large investors have also bought and sold shares of the stock. Cloud Capital Management LLC bought a new stake in DTE Energy in the first quarter worth $25,000. Olde Wealth Management LLC bought a new position in shares of DTE Energy in the first quarter worth about $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of DTE Energy during the first quarter worth about $28,000. N.E.W. Advisory Services LLC purchased a new position in DTE Energy during the 1st quarter valued at approximately $31,000. Finally, Mattson Financial Services LLC purchased a new position in DTE Energy during the 4th quarter valued at approximately $38,000. 76.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on DTE. BMO Capital Markets lifted their target price on DTE Energy from $135.00 to $142.00 and gave the stock a "market perform" rating in a report on Monday, April 21st. Wells Fargo & Company increased their price target on DTE Energy from $145.00 to $154.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. increased their price objective on DTE Energy from $145.00 to $147.00 and gave the company a "neutral" rating in a report on Tuesday, July 15th. Barclays increased their price objective on DTE Energy from $136.00 to $138.00 and gave the company an "equal weight" rating in a report on Tuesday, July 15th. Finally, Morgan Stanley dropped their target price on DTE Energy from $136.00 to $134.00 and set an "overweight" rating on the stock in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $141.53.

DTE Energy Trading Down 1.1%

NYSE:DTE traded down $1.49 on Thursday, reaching $140.00. The company's stock had a trading volume of 483,653 shares, compared to its average volume of 1,400,223. DTE Energy Company has a 12-month low of $115.59 and a 12-month high of $141.54. The company has a quick ratio of 0.57, a current ratio of 0.94 and a debt-to-equity ratio of 1.96. The firm has a market cap of $29.06 billion, a price-to-earnings ratio of 20.14, a price-to-earnings-growth ratio of 2.78 and a beta of 0.42. The stock has a 50 day moving average price of $135.14 and a 200 day moving average price of $133.32.

DTE Energy (NYSE:DTE - Get Free Report) last posted its earnings results on Tuesday, July 29th. The utilities provider reported $1.36 EPS for the quarter, missing analysts' consensus estimates of $1.37 by ($0.01). DTE Energy had a net margin of 10.16% and a return on equity of 12.72%. The business had revenue of $2.91 billion during the quarter, compared to analysts' expectations of $2.67 billion. On average, equities analysts anticipate that DTE Energy Company will post 7.18 EPS for the current fiscal year.

DTE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be issued a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Monday, September 15th. DTE Energy's payout ratio is 62.73%.

DTE Energy Company Profile

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets.