Greenland Capital Management LP Makes New $1.21 Million Investment in DTE Energy Company $DTE

Key Points

• Greenland Capital Management purchased 7,940 DTE Energy shares worth approximately $1.21 million in the second quarter. Institutional investors collectively own about 76.06% of the utility’s stock.
• DTE reported quarterly EPS of $1.32, exceeding estimates of $1.14, and maintained its $1.165 quarterly dividend, equivalent to a 3.4% annualized yield.
• Analysts hold a “Moderate Buy” consensus with an average price target of $157, though some firms have lowered targets. Key risks include storm-related outage costs, potential municipal competition and a $678,550 insider share sale.

Greenland Capital Management LP purchased a new stake in shares of DTE Energy Company (NYSE:DTE - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 7,940 shares of the utilities provider's stock, valued at approximately $1,210,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DTE. Elyxium Wealth LLC purchased a new position in shares of DTE Energy in the fourth quarter worth approximately $29,000. Key Financial Inc purchased a new stake in DTE Energy during the first quarter valued at approximately $29,000. First Bancorp Inc ME purchased a new stake in DTE Energy during the second quarter valued at approximately $29,000. SHP Wealth Management bought a new position in DTE Energy in the fourth quarter worth approximately $35,000. Finally, N.E.W. Advisory Services LLC bought a new position in DTE Energy in the second quarter worth approximately $35,000. Hedge funds and other institutional investors own 76.06% of the company's stock.

Insider Activity

In related news, Vice Chairman Trevor Lauer sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, September 1st. The stock was 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 approximately $9,923,386.62. The trade was a 6.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.60% of the company's stock.

Key DTE Energy News

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

DTE Energy Stock Down 0.1%

Shares of DTE stock opened at $135.88 on Monday. The company has a market capitalization of $28.28 billion, a price-to-earnings ratio of 21.50, a PEG ratio of 2.96 and a beta of 0.37. DTE Energy Company has a one year low of $126.23 and a one year high of $155.74. The company's fifty day moving average price is $143.49 and its 200-day moving average price is $145.18. 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 (NYSE:DTE - Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $6.74 billion during the quarter, compared to analyst estimates of $3.36 billion. DTE Energy had a return on equity of 12.19% and a net margin of 8.00%.During the same quarter in the prior year, the business posted $1.36 EPS. Sell-side analysts expect that DTE Energy Company will post 7.71 EPS for the current fiscal year.

DTE Energy Announces Dividend

The firm also recently announced 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 3.4%. DTE Energy's dividend payout ratio (DPR) is currently 73.73%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on DTE shares. Weiss Ratings raised shares of DTE Energy from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, July 28th. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $165.00 target price on shares of DTE Energy in a report on Monday, June 15th. BMO Capital Markets lowered their target price on DTE Energy from $150.00 to $143.00 and set a "market perform" rating on the stock in a research report on Friday, August 28th. Mizuho cut their price target on DTE Energy from $164.00 to $152.00 and set an "outperform" rating for the company in a report on Thursday, August 27th. Finally, Wall Street Zen cut DTE Energy from a "hold" rating to a "sell" rating in a research report on Saturday, August 15th. 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 company's stock. Based on data from MarketBeat.com, DTE Energy presently has an average rating of "Moderate Buy" and an average price target of $157.00.

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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