9,439 Shares in DTE Energy Company $DTE Acquired by Callan Family Office LLC

Callan Family Office LLC acquired a new position in shares of DTE Energy Company (NYSE:DTE) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 9,439 shares of the utilities provider’s stock, valued at approximately $1,438,000.

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

Wall Street Analysts Forecast Growth

DTE has been the subject of a number of research reports. Weiss Ratings upgraded DTE Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. BMO Capital Markets upped their target price on shares of DTE Energy from $148.00 to $150.00 and gave the company a “market perform” rating in a research report on Wednesday, July 29th. JPMorgan Chase & Co. raised their target price on shares of DTE Energy from $155.00 to $162.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. TD Cowen initiated coverage on shares of DTE Energy in a research report on Tuesday, July 7th. They set a “hold” rating and a $166.00 price target for the company. Finally, Barclays lowered their price target on shares of DTE Energy from $156.00 to $154.00 and set an “equal weight” rating for the company in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given 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 an average price target of $158.46.

DTE Energy Stock Up 0.0%

Shares of DTE Energy stock opened at $135.28 on Monday. 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 Company has a 12 month low of $126.23 and a 12 month high of $155.74. The business has a fifty day simple moving average of $146.13 and a 200 day simple moving average of $145.34. The stock has a market cap of $28.15 billion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 2.94 and a beta of 0.38.

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 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 firm had revenue of $6.74 billion for the quarter, compared to analyst estimates of $3.36 billion. During the same quarter in the prior year, the firm posted $1.36 earnings per share. Research analysts predict that DTE Energy Company will post 7.71 EPS for the current year.

DTE Energy Dividend Announcement

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 paid 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 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.