West Family Investments Inc. Takes Position in DTE Energy Company $DTE

West Family Investments Inc. purchased a new stake in DTE Energy Company (NYSE:DTE) during the second quarter, HoldingsChannel reports. The institutional investor purchased 4,250 shares of the utilities provider’s stock, valued at approximately $648,000.

Other large investors have also recently bought and sold shares of the company. Elyxium Wealth LLC bought a new position in shares of DTE Energy in the 4th quarter valued at about $29,000. Key Financial Inc acquired a new position in shares of DTE Energy in the first quarter valued at about $29,000. First Bancorp Inc ME acquired a new stake in shares of DTE Energy in the second quarter valued at approximately $29,000. SHP Wealth Management acquired a new stake in shares of DTE Energy during the 4th quarter worth approximately $35,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in DTE Energy during the 2nd quarter worth approximately $35,000. 76.06% of the stock is owned by institutional investors and hedge funds.

DTE Energy Price Performance

Shares of DTE Energy stock traded up $1.27 during trading on Tuesday, hitting $137.35. The stock had a trading volume of 1,257,652 shares, compared to its average volume of 1,413,400. DTE Energy Company has a 12 month low of $126.23 and a 12 month high of $155.74. The business’s 50-day moving average is $142.82 and its 200 day moving average is $145.08. The company has a current ratio of 0.80, a quick ratio of 0.53 and a debt-to-equity ratio of 2.13. The firm has a market cap of $28.58 billion, a price-to-earnings ratio of 21.73, a P/E/G ratio of 2.96 and a beta of 0.37.

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. The firm had revenue of $6.74 billion for the quarter, compared to analysts’ expectations of $3.36 billion. DTE Energy had a return on equity of 12.19% and a net margin of 8.00%.During the same quarter last year, the firm posted $1.36 EPS. As a group, sell-side analysts anticipate that DTE Energy Company will post 7.71 earnings per share for the current year.

DTE Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Monday, September 21st will be issued 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 dividend yield of 3.4%. DTE Energy’s dividend payout ratio is presently 73.73%.

Insider Activity

In other news, Vice Chairman Trevor Lauer sold 5,000 shares of DTE Energy stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $135.71, for a total transaction of $678,550.00. Following the completion of the sale, the insider directly owned 73,122 shares of the company’s stock, valued at approximately $9,923,386.62. The trade was a 6.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DTE. Truist Financial cut their price target on DTE Energy from $166.00 to $160.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. BMO Capital Markets dropped their price target on DTE Energy from $150.00 to $143.00 and set a “market perform” rating on the stock in a report on Friday, August 28th. Wells Fargo & Company restated an “overweight” rating and issued a $165.00 price objective on shares of DTE Energy in a research note on Monday, June 15th. TD Cowen began coverage on DTE Energy in a research note on Tuesday, July 7th. They set a “hold” rating and a $166.00 target price on the stock. Finally, Jefferies Financial Group set a $172.00 price objective on shares of DTE Energy in a research report on Thursday, July 9th. One 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.

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.