Hopwood Nicholas Hunter Purchases New Holdings in DTE Energy Company $DTE

Key Points

• Hopwood Nicholas Hunter initiated a position in DTE Energy by purchasing 11,016 shares valued at approximately $1.68 million. Institutional investors collectively own 76.06% of the company.
• DTE reported quarterly EPS of $1.32, beating estimates of $1.14, while analysts maintain a “Moderate Buy” consensus and an average price target of $157. The company also reaffirmed its quarterly dividend of $1.165 per share, representing a 3.4% yield.
• Key risks include storm-related outages affecting about 250,000 Michigan customers, potential municipal competition in Ann Arbor, and recent insider selling by Vice Chairman Trevor Lauer.

Hopwood Nicholas Hunter purchased a new position in shares of DTE Energy Company (NYSE:DTE - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,016 shares of the utilities provider's stock, valued at approximately $1,679,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. First Bancorp Inc ME bought a new stake in shares of DTE Energy during the 2nd quarter valued at $29,000. Key Financial Inc bought a new position in shares of DTE Energy in the first quarter worth $29,000. Elyxium Wealth LLC bought a new position in shares of DTE Energy in the fourth quarter worth $29,000. N.E.W. Advisory Services LLC acquired a new position in DTE Energy in the second quarter valued at about $35,000. Finally, Optiver Holding B.V. acquired a new position in DTE Energy in the first quarter valued at about $36,000. Institutional investors own 76.06% 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 Performance

Shares of DTE stock opened at $135.88 on Friday. The firm has a market capitalization of $28.28 billion, a price-to-earnings ratio of 21.50, a PEG ratio of 2.98 and a beta of 0.37. The company has a current ratio of 0.80, a quick ratio of 0.53 and a debt-to-equity ratio of 2.13. The business's 50-day moving average price is $143.49 and its 200-day moving average price is $145.18. DTE Energy Company has a 12 month low of $126.23 and a 12 month high of $155.74.

DTE Energy (NYSE:DTE - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $3.36 billion. During the same quarter in the prior year, the firm posted $1.36 earnings per share. Equities research analysts forecast that DTE Energy Company will post 7.71 EPS for the current year.

DTE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Monday, September 21st will be issued a dividend of $1.165 per share. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Monday, September 21st. DTE Energy's payout ratio is 73.73%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DTE. JPMorgan Chase & Co. increased 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. Truist Financial cut their price target on shares of DTE Energy from $166.00 to $160.00 and set a "buy" rating for the company in a report on Tuesday, August 4th. Jefferies Financial Group set a $172.00 price target on shares of DTE Energy in a research report on Thursday, July 9th. Weiss Ratings upgraded DTE Energy from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, July 28th. Finally, Mizuho lowered 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. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $157.00.

Insider Buying and Selling at DTE Energy

In related news, Vice Chairman Trevor Lauer sold 5,000 shares of the stock in a transaction 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 completion of the sale, the insider directly owned 73,122 shares in the company, valued at $9,923,386.62. This represents a 6.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

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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