8,557 Shares in DTE Energy Company $DTE Acquired by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC purchased a new stake in shares of DTE Energy Company (NYSE:DTE) in the 2nd quarter, Holdings Channel reports. The fund purchased 8,557 shares of the utilities provider’s stock, valued at approximately $1,304,000.

A number of other institutional investors and hedge funds have also bought and sold shares of DTE. Laurel Wealth Advisors LLC acquired a new stake in DTE Energy during the fourth quarter worth approximately $25,000. Torren Management LLC acquired a new position in shares of DTE Energy in the fourth quarter valued at approximately $26,000. Elyxium Wealth LLC acquired a new position in shares of DTE Energy in the fourth quarter valued at approximately $29,000. Key Financial Inc bought a new position in shares of DTE Energy during the first quarter worth approximately $29,000. Finally, First Bancorp Inc ME acquired a new stake in DTE Energy during the 2nd quarter worth approximately $29,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

Analyst Upgrades and Downgrades

DTE has been the subject of several recent research reports. Wall Street Zen downgraded DTE Energy from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Morgan Stanley cut their price objective on shares of DTE Energy from $153.00 to $148.00 and set an “overweight” rating for the company in a research report on Friday, August 21st. JPMorgan Chase & Co. raised their target price on DTE Energy from $155.00 to $162.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. Wells Fargo & Company reiterated an “overweight” rating and set a $165.00 price objective on shares of DTE Energy in a research report on Monday, June 15th. Finally, TD Cowen initiated coverage on DTE Energy in a research report on Tuesday, July 7th. They issued a “hold” rating and a $166.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $157.00.

DTE Energy Price Performance

Shares of NYSE:DTE opened at $135.75 on Friday. DTE Energy Company has a twelve month low of $126.23 and a twelve month high of $155.74. The firm has a market capitalization of $28.25 billion, a price-to-earnings ratio of 21.48, a PEG ratio of 2.95 and a beta of 0.38. The stock’s 50 day moving average is $144.97 and its 200-day moving average is $145.30. 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 issued its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $1.32 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $3.36 billion. During the same period in the prior year, the business posted $1.36 earnings per share. Sell-side analysts forecast that DTE Energy Company will post 7.71 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Monday, September 21st will be paid a $1.165 dividend. The ex-dividend date is Monday, September 21st. This represents a $4.66 annualized dividend and a yield of 3.4%. DTE Energy’s dividend payout ratio is presently 73.73%.

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.