Nykredit A S Makes New $6.39 Million Investment in DTE Energy Company $DTE

Key Points

• Nykredit A/S acquired 41,970 DTE Energy shares in the second quarter, worth approximately $6.39 million. Institutional investors collectively own 76.06% of the utility company.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $157, although several firms recently reduced their targets. DTE’s latest quarterly earnings also exceeded estimates, with EPS of $1.32 versus the $1.14 consensus.
• DTE maintained its quarterly dividend at $1.165 per share, representing a 3.4% yield and $4.66 annualized payout. However, Vice Chairman Trevor Lauer sold 5,000 shares worth about $678,550, reducing his direct ownership by 6.4%.

Nykredit A S bought a new stake in shares of DTE Energy Company (NYSE:DTE - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 41,970 shares of the utilities provider's stock, valued at approximately $6,395,000.

Several other large investors have also recently added to or reduced their stakes in DTE. Oregon Public Employees Retirement Fund raised its stake in shares of DTE Energy by 0.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 23,807 shares of the utilities provider's stock valued at $3,481,000 after purchasing an additional 71 shares in the last quarter. Whittier Trust Co. lifted its holdings in DTE Energy by 3.5% during the 1st quarter. Whittier Trust Co. now owns 2,220 shares of the utilities provider's stock valued at $328,000 after purchasing an additional 75 shares during the last quarter. Prosperity Consulting Group LLC raised its stake in shares of DTE Energy by 1.2% in the first quarter. Prosperity Consulting Group LLC now owns 6,342 shares of the utilities provider's stock valued at $927,000 after acquiring an additional 76 shares during the last quarter. HM Payson & Co. raised its position in DTE Energy by 23.6% in the 4th quarter. HM Payson & Co. now owns 419 shares of the utilities provider's stock valued at $54,000 after purchasing an additional 80 shares during the last quarter. Finally, MeadowBrook Investment Advisors LLC raised its holdings in shares of DTE Energy by 3.6% in the first quarter. MeadowBrook Investment Advisors LLC now owns 2,504 shares of the utilities provider's stock valued at $366,000 after buying an additional 88 shares during the last quarter. Institutional investors and hedge funds own 76.06% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Morgan Stanley reduced their price objective on DTE Energy from $153.00 to $148.00 and set an "overweight" rating on the stock in a report on Friday, August 21st. Mizuho cut their price target on shares of DTE Energy from $164.00 to $152.00 and set an "outperform" rating on the stock in a research report on Thursday, August 27th. Wall Street Zen lowered DTE Energy from a "hold" rating to a "sell" rating in a report on Saturday, August 15th. JPMorgan Chase & Co. lifted their price target on shares of DTE Energy from $155.00 to $162.00 and gave the company a "neutral" rating in a research note on Thursday, July 16th. Finally, Weiss Ratings raised DTE Energy from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $157.00.

Insider Activity

In related news, Vice Chairman Trevor Lauer sold 5,000 shares of the firm's stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $135.71, for a total transaction 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. This trade represents a 6.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.60% of the company's stock.

DTE Energy Stock Performance

DTE opened at $135.88 on Monday. The company has a quick ratio of 0.53, a current ratio of 0.80 and a debt-to-equity ratio of 2.13. The business has a 50 day moving average of $143.49 and a 200-day moving average of $145.18. DTE Energy Company has a 12-month low of $126.23 and a 12-month high of $155.74. The stock has a market cap 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 (NYSE:DTE - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $1.32 EPS for the quarter, beating the consensus estimate of $1.14 by $0.18. The firm had revenue of $6.74 billion for the quarter, compared to the consensus estimate of $3.36 billion. DTE Energy had a net margin of 8.00% and a return on equity of 12.19%. During the same period in the previous year, the company earned $1.36 earnings per share. On average, equities research analysts expect that DTE Energy Company will post 7.71 earnings per share for the current year.

DTE Energy Announces Dividend

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

More 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 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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