FSA Advisors Inc. Acquires Shares of 12,414 DTE Energy Company $DTE

FSA Advisors Inc. acquired a new position in shares of DTE Energy Company (NYSE:DTE) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 12,414 shares of the utilities provider’s stock, valued at approximately $1,891,000. DTE Energy makes up about 0.8% of FSA Advisors Inc.’s investment portfolio, making the stock its 25th biggest position.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Oregon Public Employees Retirement Fund grew its holdings in DTE Energy by 0.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 23,807 shares of the utilities provider’s stock valued at $3,481,000 after purchasing an additional 71 shares in the last quarter. Whittier Trust Co. lifted its holdings in 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 buying an additional 75 shares in the last quarter. Prosperity Consulting Group LLC lifted its holdings in DTE Energy by 1.2% in the 1st quarter. Prosperity Consulting Group LLC now owns 6,342 shares of the utilities provider’s stock worth $927,000 after buying an additional 76 shares in the last quarter. HM Payson & Co. boosted its position in 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 buying an additional 80 shares during the last quarter. Finally, Fifth Third Bancorp boosted its position in DTE Energy by 1.1% in the 4th quarter. Fifth Third Bancorp now owns 7,755 shares of the utilities provider’s stock valued at $1,000,000 after buying an additional 87 shares during the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

DTE Energy Stock Performance

Shares of DTE stock opened at $136.11 on Friday. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.53 and a current ratio of 0.80. DTE Energy Company has a one year low of $126.23 and a one year high of $155.74. The company’s 50-day simple moving average is $145.21 and its 200-day simple moving average is $145.37. The stock has a market capitalization of $28.32 billion, a price-to-earnings ratio of 21.54, a PEG ratio of 2.99 and a beta of 0.38.

DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $1.32 EPS 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 the consensus estimate 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 last year, the firm earned $1.36 earnings per share. Equities analysts anticipate that DTE Energy Company will post 7.71 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders 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 dividend yield of 3.4%. DTE Energy’s dividend payout ratio (DPR) is presently 73.73%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on DTE shares. TD Cowen began coverage on DTE Energy in a research report on Tuesday, July 7th. They set a “hold” rating and a $166.00 target price on the stock. Weiss Ratings raised DTE Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. Jefferies Financial Group set a $172.00 price objective on DTE Energy in a research note on Thursday, July 9th. Truist Financial dropped their price objective on DTE Energy from $166.00 to $160.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $165.00 target price on shares of DTE Energy in a research note on Monday, June 15th. 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 stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $157.54.

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.