Pacer Advisors Inc. Has $2.76 Million Position in DTE Energy Company $DTE

Pacer Advisors Inc. lowered its holdings in shares of DTE Energy Company (NYSE:DTE) by 23.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 18,895 shares of the utilities provider’s stock after selling 5,668 shares during the period. Pacer Advisors Inc.’s holdings in DTE Energy were worth $2,763,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in DTE Energy by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 26,305,533 shares of the utilities provider’s stock worth $3,392,888,000 after acquiring an additional 766,499 shares in the last quarter. Capital Research Global Investors raised its position in shares of DTE Energy by 3.1% in the fourth quarter. Capital Research Global Investors now owns 12,447,948 shares of the utilities provider’s stock worth $1,605,539,000 after buying an additional 379,443 shares in the last quarter. State Street Corp boosted its stake in DTE Energy by 2.5% during the fourth quarter. State Street Corp now owns 11,078,346 shares of the utilities provider’s stock valued at $1,441,776,000 after buying an additional 272,068 shares during the period. Geode Capital Management LLC grew its position in DTE Energy by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 5,592,670 shares of the utilities provider’s stock worth $718,668,000 after buying an additional 117,322 shares in the last quarter. Finally, Janus Henderson Group PLC increased its stake in DTE Energy by 1.3% in the 1st quarter. Janus Henderson Group PLC now owns 3,084,544 shares of the utilities provider’s stock worth $451,022,000 after acquiring an additional 40,346 shares during the last quarter. 76.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Mizuho lowered their price target on DTE Energy from $165.00 to $164.00 and set an “outperform” rating on the stock in a report on Wednesday, July 29th. BMO Capital Markets upped their price objective on shares of DTE Energy from $148.00 to $150.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 29th. TD Cowen assumed coverage on shares of DTE Energy in a research note on Tuesday, July 7th. They issued a “hold” rating and a $166.00 target price on the stock. Bank of America reiterated a “buy” rating on shares of DTE Energy in a research report on Wednesday, April 22nd. Finally, Jefferies Financial Group set a $172.00 price target on shares of DTE Energy in a research note on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $158.62.

DTE Energy Stock Up 0.0%

Shares of NYSE:DTE opened at $140.00 on Friday. The stock has a market capitalization of $29.13 billion, a P/E ratio of 22.15, a price-to-earnings-growth ratio of 3.06 and a beta of 0.38. The stock’s 50-day moving average price is $147.23 and its 200-day moving average price is $145.03. The company has a current ratio of 0.80, a quick ratio of 0.53 and a debt-to-equity ratio of 2.13. DTE Energy Company has a 12-month low of $126.23 and a 12-month high of $155.74.

DTE Energy (NYSE:DTE) last released its earnings results on Tuesday, July 28th. The utilities provider reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.18. The company had revenue of $6.74 billion during the quarter, compared to analyst estimates 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 in the previous year, the company posted $1.36 EPS. On average, equities analysts anticipate that DTE Energy Company will post 7.71 earnings per share for the current year.

DTE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders 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 yield of 3.3%. DTE Energy’s payout ratio is presently 73.73%.

Insider Buying and Selling at DTE Energy

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

About DTE Energy

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.