Trivium Point Advisory LLC Makes New $785,000 Investment in DTE Energy Company $DTE

Trivium Point Advisory LLC bought a new position in shares of DTE Energy Company (NYSE:DTE) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 5,150 shares of the utilities provider’s stock, valued at approximately $785,000.

A number of other institutional investors and hedge funds also recently modified their holdings of DTE. Empowered Funds LLC raised its position in shares of DTE Energy by 200.7% in the 1st quarter. Empowered Funds LLC now owns 9,909 shares of the utilities provider’s stock valued at $1,370,000 after acquiring an additional 6,614 shares during the period. Woodline Partners LP grew its holdings in DTE Energy by 40.8% during the first 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 during the period. Intech Investment Management LLC increased its stake in DTE Energy by 6.5% in the first 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 in the last quarter. Sivia Capital Partners LLC bought a new stake in DTE Energy in the second quarter valued at approximately $203,000. Finally, Jump Financial LLC raised its holdings in DTE Energy by 154.5% in the second quarter. Jump Financial LLC now owns 12,677 shares of the utilities provider’s stock worth $1,679,000 after purchasing an additional 7,696 shares during the period. 76.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Bank of America reissued a “buy” rating on shares of DTE Energy in a research report on Wednesday, April 22nd. Jefferies Financial Group set a $172.00 price objective on shares of DTE Energy in a research report on Thursday, July 9th. Barclays dropped their price objective on DTE Energy from $156.00 to $154.00 and set an “equal weight” rating on the stock in a research note on Monday, May 4th. Wall Street Zen lowered DTE Energy from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Weiss Ratings upgraded DTE Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $158.62.

DTE Energy Stock Performance

Shares of DTE opened at $140.84 on Monday. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.53 and a current ratio of 0.80. DTE Energy Company has a twelve month low of $126.23 and a twelve month high of $155.74. The firm’s 50 day moving average price is $146.83 and its two-hundred day moving average price is $145.21. The firm has a market cap of $29.31 billion, a P/E ratio of 22.29, a PEG ratio of 3.08 and a beta of 0.38.

DTE Energy (NYSE:DTE) last released its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $1.32 earnings per share for the quarter, beating 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 company had revenue of $6.74 billion during the quarter, compared to analysts’ expectations of $3.36 billion. During the same quarter in the prior year, the company earned $1.36 earnings per share. On average, analysts forecast that DTE Energy Company will post 7.71 EPS 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. Investors of record on Monday, September 21st will be paid a $1.165 dividend. 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 3.3%. DTE Energy’s dividend payout ratio is presently 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.