Odyssean LLC Purchases Shares of 10,144 DTE Energy Company $DTE

Key Points

• Odyssean LLC acquired 10,144 DTE Energy shares in the second quarter, valued at approximately $1.55 million. Institutional investors and hedge funds collectively own 76.06% of the company.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $158.46, despite some recent target-price reductions and one sell downgrade.
• DTE reported quarterly earnings of $1.32 per share, exceeding estimates of $1.14, and declared a quarterly dividend of $1.165 per share, representing a 3.4% annualized yield.

Odyssean LLC acquired a new position in shares of DTE Energy Company (NYSE:DTE - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 10,144 shares of the utilities provider's stock, valued at approximately $1,546,000.

Several other institutional investors have also recently modified their holdings of DTE. First Bancorp Inc ME acquired a new position in shares of DTE Energy in the second quarter worth $29,000. Laurel Wealth Advisors LLC purchased a new stake in shares of DTE Energy in the fourth quarter valued at $25,000. Key Financial Inc acquired a new stake in shares of DTE Energy during the first quarter valued at $29,000. Torren Management LLC acquired a new stake in shares of DTE Energy during the fourth quarter valued at $26,000. Finally, Elyxium Wealth LLC purchased a new stake in DTE Energy during the 4th quarter worth about $29,000. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DTE has been the subject of several analyst reports. TD Cowen started coverage on shares of DTE Energy in a research note on Tuesday, July 7th. They issued a "hold" rating and a $166.00 target price for the company. Wells Fargo & Company reiterated an "overweight" rating and set a $165.00 price target on shares of DTE Energy in a report on Monday, June 15th. Wall Street Zen lowered shares of DTE Energy from a "hold" rating to a "sell" rating in a research report on Saturday, August 15th. Morgan Stanley reduced their price objective on shares of DTE Energy from $153.00 to $148.00 and set an "overweight" rating on the stock in a research note on Friday. Finally, Mizuho decreased their target price on shares of DTE Energy from $165.00 to $164.00 and set an "outperform" rating on the stock 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 given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $158.46.

DTE Energy Stock Up 0.4%

DTE opened at $136.16 on Wednesday. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.80 and a quick ratio of 0.53. The stock has a market capitalization of $28.33 billion, a price-to-earnings ratio of 21.54, a price-to-earnings-growth ratio of 2.95 and a beta of 0.38. The business has a 50-day moving average of $145.63 and a two-hundred day moving average of $145.35. 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 announced its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.18. DTE Energy had a net margin of 8.00% and a return on equity of 12.19%. The business had revenue of $6.74 billion for the quarter, compared to analyst estimates of $3.36 billion. During the same period in the prior year, the firm posted $1.36 EPS. On average, research analysts expect that DTE Energy Company will post 7.71 earnings per share for the current year.

DTE Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Monday, September 21st will be paid a dividend of $1.165 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a $4.66 dividend on an annualized basis and a yield of 3.4%. 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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