Inscription Capital LLC Invests $416,000 in DTE Energy Company (NYSE:DTE)

Inscription Capital LLC purchased a new stake in DTE Energy Company (NYSE:DTE - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,010 shares of the utilities provider's stock, valued at approximately $416,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DTE. Stephens Consulting LLC lifted its position in shares of DTE Energy by 135.2% during the 1st quarter. Stephens Consulting LLC now owns 9,036 shares of the utilities provider's stock worth $1,249,000 after buying an additional 5,194 shares during the last quarter. QRG Capital Management Inc. grew its position in shares of DTE Energy by 9.0% in the 1st quarter. QRG Capital Management Inc. now owns 34,897 shares of the utilities provider's stock valued at $4,825,000 after buying an additional 2,884 shares during the last quarter. Sagespring Wealth Partners LLC raised its stake in DTE Energy by 14.0% during the 1st quarter. Sagespring Wealth Partners LLC now owns 3,309 shares of the utilities provider's stock worth $458,000 after acquiring an additional 406 shares in the last quarter. Cyndeo Wealth Partners LLC lifted its position in DTE Energy by 8.2% in the first quarter. Cyndeo Wealth Partners LLC now owns 59,452 shares of the utilities provider's stock valued at $8,220,000 after acquiring an additional 4,515 shares during the last quarter. Finally, Bernard Wealth Management Corp. lifted its position in DTE Energy by 1.0% in the first quarter. Bernard Wealth Management Corp. now owns 10,190 shares of the utilities provider's stock valued at $1,409,000 after acquiring an additional 101 shares during the last quarter. 76.06% of the stock is owned by institutional investors and hedge funds.

DTE Energy Price Performance

Shares of NYSE DTE opened at $132.00 on Wednesday. The stock has a fifty day moving average price of $134.92 and a 200 day moving average price of $129.30. DTE Energy Company has a 1-year low of $108.40 and a 1-year high of $140.39. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.87 and a quick ratio of 0.59. The company has a market cap of $27.39 billion, a PE ratio of 17.84, a P/E/G ratio of 2.41 and a beta of 0.45.

DTE Energy (NYSE:DTE - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The utilities provider reported $2.10 EPS for the quarter, topping analysts' consensus estimates of $1.98 by $0.12. DTE Energy had a net margin of 11.25% and a return on equity of 13.00%. The company had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter in the prior year, the firm earned $1.67 EPS. Sell-side analysts forecast that DTE Energy Company will post 7.18 EPS for the current year.

DTE Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 16th will be given a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 3.30%. The ex-dividend date is Monday, June 16th. DTE Energy's payout ratio is 58.92%.

Wall Street Analyst Weigh In

DTE has been the topic of several research reports. Wells Fargo & Company raised their price objective on DTE Energy from $145.00 to $154.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Barclays downgraded DTE Energy from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $137.00 to $135.00 in a research note on Thursday, February 20th. Citigroup reiterated a "buy" rating and issued a $151.00 price objective (up previously from $142.00) on shares of DTE Energy in a research note on Friday, May 23rd. Morgan Stanley decreased their price objective on DTE Energy from $136.00 to $134.00 and set an "overweight" rating for the company in a report on Thursday, May 22nd. Finally, Wall Street Zen lowered shares of DTE Energy from a "hold" rating to a "sell" rating in a research report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $140.93.

About DTE Energy

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.

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