Brooklyn Investment Group Grows Position in DTE Energy Company $DTE

Brooklyn Investment Group boosted its position in shares of DTE Energy Company (NYSE:DTE) by 75.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,059 shares of the utilities provider’s stock after purchasing an additional 457 shares during the period. Brooklyn Investment Group’s holdings in DTE Energy were worth $146,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in DTE. Cloud Capital Management LLC purchased a new position in shares of DTE Energy during the first quarter valued at approximately $25,000. Olde Wealth Management LLC bought a new stake in shares of DTE Energy during the 1st quarter worth approximately $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in DTE Energy during the 1st quarter valued at $28,000. SouthState Corp bought a new position in DTE Energy in the 1st quarter valued at $29,000. Finally, N.E.W. Advisory Services LLC bought a new position in DTE Energy in the 1st quarter valued at $31,000. Institutional investors own 76.06% of the company’s stock.

Insider Transactions at DTE Energy

In other news, VP Lisa A. Muschong sold 1,600 shares of DTE Energy stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $140.53, for a total value of $224,848.00. Following the transaction, the vice president directly owned 4,153 shares in the company, valued at approximately $583,621.09. This trade represents a 27.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.33% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on DTE shares. Barclays boosted their target price on shares of DTE Energy from $136.00 to $138.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 15th. Evercore ISI lifted their price objective on shares of DTE Energy from $136.00 to $145.00 and gave the company an “outperform” rating in a report on Friday, May 2nd. Wall Street Zen upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a research note on Sunday. Morgan Stanley reduced their target price on shares of DTE Energy from $136.00 to $134.00 and set an “overweight” rating on the stock in a research report on Thursday, May 22nd. Finally, Citigroup reiterated a “buy” rating and issued a $151.00 price target (up previously from $142.00) on shares of DTE Energy in a report on Friday, May 23rd. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $142.29.

DTE Energy Stock Up 0.5%

Shares of DTE Energy stock opened at $140.3660 on Thursday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.94 and a quick ratio of 0.57. The stock has a market cap of $29.14 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 2.77 and a beta of 0.42. The firm’s 50-day moving average is $135.67 and its two-hundred day moving average is $134.00. DTE Energy Company has a 1 year low of $115.59 and a 1 year high of $142.05.

DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Tuesday, July 29th. The utilities provider reported $1.36 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.01). DTE Energy had a net margin of 10.16% and a return on equity of 12.72%. The business had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.67 billion. As a group, research analysts expect that DTE Energy Company will post 7.18 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be issued a dividend of $1.09 per share. The ex-dividend date is Monday, September 15th. This represents a $4.36 dividend on an annualized basis and a yield of 3.1%. DTE Energy’s dividend payout ratio is currently 62.73%.

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.