Centaurus Financial Inc. Takes $946,000 Position in DTE Energy Company $DTE

Centaurus Financial Inc. purchased a new position in shares of DTE Energy Company (NYSE:DTE) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 6,206 shares of the utilities provider’s stock, valued at approximately $946,000.

A number of other hedge funds have also bought and sold shares of the company. Oregon Public Employees Retirement Fund raised its stake in DTE Energy by 0.3% during the first quarter. Oregon Public Employees Retirement Fund now owns 23,807 shares of the utilities provider’s stock valued at $3,481,000 after buying an additional 71 shares in the last quarter. Whittier Trust Co. grew its position in shares of DTE Energy by 3.5% in the 1st quarter. Whittier Trust Co. now owns 2,220 shares of the utilities provider’s stock worth $328,000 after acquiring an additional 75 shares in the last quarter. Prosperity Consulting Group LLC increased its holdings in shares of DTE Energy by 1.2% in the 1st quarter. Prosperity Consulting Group LLC now owns 6,342 shares of the utilities provider’s stock valued at $927,000 after acquiring an additional 76 shares during the last quarter. HM Payson & Co. increased its holdings in shares of DTE Energy by 23.6% in the 4th quarter. HM Payson & Co. now owns 419 shares of the utilities provider’s stock valued at $54,000 after acquiring an additional 80 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in shares of DTE Energy by 1.1% during the 4th quarter. Fifth Third Bancorp now owns 7,755 shares of the utilities provider’s stock valued at $1,000,000 after acquiring an additional 87 shares in the last quarter. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on DTE. Mizuho reduced their price objective on DTE Energy from $164.00 to $152.00 and set an “outperform” rating on the stock in a research note on Thursday. Barclays lowered their target price on shares of DTE Energy from $156.00 to $154.00 and set an “equal weight” rating for the company in a research note on Monday, May 4th. Weiss Ratings raised shares of DTE Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. TD Cowen initiated coverage on shares of DTE Energy in a research report on Tuesday, July 7th. They issued a “hold” rating and a $166.00 price target on the stock. Finally, Wall Street Zen lowered shares of DTE Energy from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. One equities 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. According to MarketBeat.com, DTE Energy has an average rating of “Moderate Buy” and a consensus target price of $157.00.

DTE Energy Trading Down 0.4%

Shares of NYSE DTE opened at $135.75 on Friday. The company has a market cap of $28.25 billion, a price-to-earnings ratio of 21.48, a price-to-earnings-growth ratio of 2.96 and a beta of 0.38. DTE Energy Company has a 12-month low of $126.23 and a 12-month high of $155.74. 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 stock’s 50 day simple moving average is $144.97 and its 200 day simple moving average is $145.30.

DTE Energy (NYSE:DTE) last released its quarterly earnings data 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. DTE Energy had a return on equity of 12.19% and a net margin of 8.00%.The business had revenue of $6.74 billion during the quarter, compared to analyst estimates of $3.36 billion. During the same quarter in the previous year, the firm posted $1.36 EPS. Equities research analysts expect that DTE Energy Company will post 7.71 EPS for the current year.

DTE Energy Announces Dividend

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 given a dividend of $1.165 per share. 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 is currently 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.