Edgestream Partners L.P. Has $549,000 Position in DTE Energy Company $DTE

Edgestream Partners L.P. lessened its stake in shares of DTE Energy Company (NYSE:DTE) by 94.8% during the first quarter, Holdings Channel.com reports. The fund owned 3,757 shares of the utilities provider’s stock after selling 68,597 shares during the period. Edgestream Partners L.P.’s holdings in DTE Energy were worth $549,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DTE. Kentucky Retirement Systems grew its holdings in shares of DTE Energy by 12.2% during the 1st quarter. Kentucky Retirement Systems now owns 14,597 shares of the utilities provider’s stock worth $2,134,000 after purchasing an additional 1,588 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of DTE Energy by 1.3% in the first quarter. Janus Henderson Group PLC now owns 3,084,544 shares of the utilities provider’s stock worth $451,022,000 after purchasing an additional 40,346 shares during the period. Strategic Investment Advisors MI raised its stake in DTE Energy by 1.6% in the first quarter. Strategic Investment Advisors MI now owns 7,406 shares of the utilities provider’s stock valued at $1,083,000 after purchasing an additional 118 shares in the last quarter. Arkadios Wealth Advisors acquired a new position in DTE Energy in the first quarter valued at about $254,000. Finally, Opal Capital LLC bought a new stake in DTE Energy during the first quarter worth about $311,000. 76.06% of the stock is owned by institutional investors and hedge funds.

DTE Energy Stock Up 0.0%

Shares of NYSE:DTE opened at $141.77 on Wednesday. DTE Energy Company has a 52-week low of $126.23 and a 52-week high of $155.74. The company has a market capitalization of $29.50 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 3.10 and a beta of 0.38. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.53 and a current ratio of 0.80. The company has a fifty day moving average of $147.47 and a 200-day moving average of $145.00.

DTE Energy (NYSE:DTE) last released its quarterly earnings data 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 return on equity of 12.19% and a net margin of 8.00%.The company had revenue of $6.74 billion for the quarter, compared to the consensus estimate of $3.36 billion. During the same quarter last year, the business posted $1.36 EPS. On average, equities analysts predict that DTE Energy Company will post 7.71 EPS for the current fiscal year.

DTE Energy Dividend Announcement

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

Insider Buying and Selling at DTE Energy

In other news, VP Lisa A. Muschong sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $143.72, for a total value of $143,720.00. Following the completion of the transaction, the vice president owned 6,233 shares of the company’s stock, valued at $895,806.76. This represents a 13.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on DTE shares. Wall Street Zen upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a research note on Saturday. Bank of America restated a “buy” rating on shares of DTE Energy in a research report on Wednesday, April 22nd. JPMorgan Chase & Co. upped their price target on shares of DTE Energy from $155.00 to $162.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Wells Fargo & Company reiterated an “overweight” rating and set a $165.00 price target on shares of DTE Energy in a research report on Monday, June 15th. Finally, Mizuho decreased their price objective on shares of DTE Energy from $165.00 to $164.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.