DTE Energy Company $DTE Shares Acquired by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. lifted its holdings in DTE Energy Company (NYSE:DTE) by 14.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,731 shares of the utilities provider’s stock after buying an additional 4,308 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in DTE Energy were worth $5,140,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DTE. Laurel Wealth Advisors LLC purchased a new position in DTE Energy in the 4th quarter worth approximately $25,000. Quest 10 Wealth Builders Inc. increased its holdings in shares of DTE Energy by 754.2% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 205 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 181 shares during the last quarter. Torren Management LLC purchased a new position in DTE Energy during the fourth quarter worth approximately $26,000. Elyxium Wealth LLC purchased a new position in DTE Energy during the fourth quarter worth approximately $29,000. Finally, Key Financial Inc acquired a new position in DTE Energy during the first quarter worth $29,000. 76.06% of the stock is currently owned by institutional investors and hedge funds.

DTE Energy Price Performance

NYSE:DTE opened at $140.00 on Monday. DTE Energy Company has a 52 week low of $126.23 and a 52 week high of $155.74. The stock’s fifty day moving average is $147.23 and its two-hundred day moving average is $145.10. The company has a market capitalization of $29.13 billion, a P/E ratio of 22.15, a P/E/G ratio of 3.06 and a beta of 0.38. The company has a quick ratio of 0.53, a current ratio of 0.80 and a debt-to-equity ratio of 2.13.

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, topping analysts’ consensus estimates of $1.14 by $0.18. The business had revenue of $6.74 billion during 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 period in the prior year, the business posted $1.36 EPS. Equities analysts expect that DTE Energy Company will post 7.71 EPS for the current year.

DTE Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders 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 dividend on an annualized basis and a dividend yield of 3.3%. DTE Energy’s dividend payout ratio (DPR) is currently 73.73%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Wells Fargo & Company restated an “overweight” rating and issued a $165.00 target price on shares of DTE Energy in a report on Monday, June 15th. Jefferies Financial Group set a $172.00 price target on shares of DTE Energy in a research report on Thursday, July 9th. BMO Capital Markets raised 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. Morgan Stanley reaffirmed an “overweight” rating on shares of DTE Energy in a research note on Wednesday, July 22nd. Finally, Bank of America reiterated a “buy” rating on shares of DTE Energy in a report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, DTE Energy has a consensus rating of “Moderate Buy” and a consensus target price of $158.62.

Insider Activity

In other news, VP Lisa A. Muschong sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $143.72, for a total value of $143,720.00. Following the sale, the vice president directly owned 6,233 shares of the company’s stock, valued at approximately $895,806.76. The trade was a 13.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.60% of the company’s stock.

DTE Energy Company 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.