4,250 Shares in DTE Energy Company $DTE Acquired by West Family Investments Inc.

West Family Investments Inc. purchased a new stake in DTE Energy Company (NYSE:DTE) during the second quarter, according to its most recent filing with the SEC. The firm purchased 4,250 shares of the utilities provider’s stock, valued at approximately $648,000.

Several other large investors have also recently made changes to their positions in DTE. NewEdge Wealth LLC bought a new stake in DTE Energy during the second quarter valued at about $863,000. Great Lakes Advisors LLC bought a new position in DTE Energy in the second quarter worth about $571,000. Balanced Wealth Group LLC purchased a new stake in shares of DTE Energy during the second quarter valued at about $471,000. Danske Bank A S purchased a new stake in shares of DTE Energy during the second quarter valued at about $590,000. Finally, Diversify Advisory Services LLC bought a new stake in shares of DTE Energy in the 2nd quarter valued at about $515,000. 76.06% of the stock is owned by institutional investors.

DTE Energy Stock Performance

Shares of NYSE:DTE opened at $139.22 on Thursday. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.80 and a quick ratio of 0.53. DTE Energy Company has a 1 year low of $126.23 and a 1 year high of $155.74. The firm has a market capitalization of $28.97 billion, a PE ratio of 22.03, a P/E/G ratio of 3.06 and a beta of 0.38. The business’s 50 day moving average price is $146.53 and its 200-day moving average price is $145.30.

DTE Energy (NYSE:DTE) last issued its earnings results on Tuesday, July 28th. The utilities provider reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.18. The business had revenue of $6.74 billion during the quarter, compared to analysts’ expectations 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 prior year, the business earned $1.36 earnings per share. As a group, equities research analysts expect that DTE Energy Company will post 7.71 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Monday, September 21st will be given a dividend of $1.165 per share. The ex-dividend date is Monday, September 21st. This represents a $4.66 dividend on an annualized basis and a yield of 3.3%. DTE Energy’s dividend payout ratio (DPR) is presently 73.73%.

Analysts Set New Price Targets

Several equities analysts have issued reports on DTE shares. Bank of America reaffirmed a “buy” rating on shares of DTE Energy in a report on Wednesday, April 22nd. Morgan Stanley reissued an “overweight” rating on shares of DTE Energy in a report on Wednesday, July 22nd. TD Cowen began coverage on shares of DTE Energy in a report on Tuesday, July 7th. They set a “hold” rating and a $166.00 price objective on the stock. Mizuho dropped 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. Finally, Wall Street Zen downgraded DTE Energy from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. One investment 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’s stock. According to MarketBeat.com, DTE Energy has a consensus rating of “Moderate Buy” and an average target price of $158.62.

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.