Greenland Capital Management LP Purchases New Position in DTE Energy Company $DTE

Greenland Capital Management LP purchased a new stake in shares of DTE Energy Company (NYSE:DTE - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,940 shares of the utilities provider's stock, valued at approximately $1,210,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DTE. Empowered Funds LLC increased its holdings in shares of DTE Energy by 200.7% during the first quarter. Empowered Funds LLC now owns 9,909 shares of the utilities provider's stock worth $1,370,000 after buying an additional 6,614 shares in the last quarter. Woodline Partners LP raised its stake in shares of DTE Energy by 40.8% in the first quarter. Woodline Partners LP now owns 17,509 shares of the utilities provider's stock valued at $2,421,000 after acquiring an additional 5,072 shares during the last quarter. Intech Investment Management LLC boosted its holdings in shares of DTE Energy by 6.5% in the 1st quarter. Intech Investment Management LLC now owns 12,687 shares of the utilities provider's stock worth $1,754,000 after acquiring an additional 773 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of DTE Energy in the 2nd quarter worth approximately $203,000. Finally, Jump Financial LLC grew its position in DTE Energy by 154.5% during the 2nd quarter. Jump Financial LLC now owns 12,677 shares of the utilities provider's stock worth $1,679,000 after acquiring an additional 7,696 shares during the last quarter. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. raised their price target on DTE Energy from $155.00 to $162.00 and gave the company a "neutral" rating in a report on Thursday, July 16th. Morgan Stanley decreased their target price on DTE Energy from $153.00 to $148.00 and set an "overweight" rating on the stock in a report on Friday. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $165.00 price target on shares of DTE Energy in a report on Monday, June 15th. Barclays decreased their price objective on shares of DTE Energy from $156.00 to $154.00 and set an "equal weight" rating on the stock in a report on Monday, May 4th. Finally, BMO Capital Markets raised their price objective on shares of DTE Energy from $148.00 to $150.00 and gave the company a "market perform" rating in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $158.46.

DTE Energy Stock Down 2.1%

Shares of NYSE DTE opened at $135.28 on Friday. The firm has a market capitalization of $28.15 billion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 2.94 and a beta of 0.38. 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 1 year low of $126.23 and a 1 year high of $155.74. The firm's 50-day moving average is $146.13 and its 200-day moving average is $145.26.

DTE Energy (NYSE:DTE - Get Free Report) last released its earnings results on Tuesday, July 28th. The utilities provider reported $1.32 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.18. The firm had revenue of $6.74 billion during the quarter, compared to analyst estimates of $3.36 billion. DTE Energy had a net margin of 8.00% and a return on equity of 12.19%. During the same quarter in the previous year, the business earned $1.36 EPS. Equities analysts expect that DTE Energy Company will post 7.71 EPS for the current year.

DTE Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Monday, September 21st will be given a $1.165 dividend. This represents a $4.66 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Monday, September 21st. DTE Energy's dividend payout ratio (DPR) is currently 73.73%.

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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