Landscape Capital Management L.L.C. Invests $589,000 in DTE Energy Company $DTE

Landscape Capital Management L.L.C. bought a new position in shares of DTE Energy Company (NYSE:DTE) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,868 shares of the utilities provider’s stock, valued at approximately $589,000.

Several other institutional investors also recently bought and sold shares of the stock. Empowered Funds LLC grew its stake in shares of DTE Energy by 200.7% during the 1st quarter. Empowered Funds LLC now owns 9,909 shares of the utilities provider’s stock worth $1,370,000 after purchasing an additional 6,614 shares during the period. Woodline Partners LP increased its holdings in shares of DTE Energy by 40.8% during the 1st quarter. Woodline Partners LP now owns 17,509 shares of the utilities provider’s stock valued at $2,421,000 after purchasing an additional 5,072 shares in the last quarter. Intech Investment Management LLC lifted its stake in shares of DTE Energy by 6.5% in the 1st quarter. Intech Investment Management LLC now owns 12,687 shares of the utilities provider’s stock valued at $1,754,000 after purchasing an additional 773 shares during the period. Sivia Capital Partners LLC acquired a new position in shares of DTE Energy in the 2nd quarter valued at $203,000. Finally, Jump Financial LLC boosted its holdings in DTE Energy by 154.5% during the second quarter. Jump Financial LLC now owns 12,677 shares of the utilities provider’s stock worth $1,679,000 after buying an additional 7,696 shares in the last quarter. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Morgan Stanley dropped their price target on shares of DTE Energy from $153.00 to $148.00 and set an “overweight” rating on the stock in a research report on Friday. Barclays decreased their price objective on shares of DTE Energy from $156.00 to $154.00 and set an “equal weight” rating for the company in a research report on Monday, May 4th. Truist Financial lowered their target price on shares of DTE Energy from $166.00 to $160.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. Wall Street Zen cut DTE Energy from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Finally, Mizuho dropped their target price on 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 research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.46.

DTE Energy Trading Up 0.0%

Shares of NYSE:DTE opened at $135.28 on Monday. 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 $28.15 billion, a price-to-earnings ratio of 21.41, a price-to-earnings-growth ratio of 2.94 and a beta of 0.38. 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 business’s 50 day moving average price is $146.13 and its 200-day moving average price is $145.34.

DTE Energy (NYSE:DTE) last released its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.18. The firm had revenue of $6.74 billion for 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 quarter last year, the company earned $1.36 EPS. On average, equities research analysts forecast that DTE Energy Company will post 7.71 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 Thursday, October 15th. Stockholders of record on Monday, September 21st will be given a $1.165 dividend. The ex-dividend date is Monday, September 21st. This represents a $4.66 annualized dividend and a dividend yield of 3.4%. DTE Energy’s dividend payout ratio (DPR) is 73.73%.

DTE Energy Company 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.