Odyssean LLC Makes New $1.55 Million Investment in DTE Energy Company $DTE

Odyssean LLC acquired a new position in DTE Energy Company (NYSE:DTE) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 10,144 shares of the utilities provider’s stock, valued at approximately $1,546,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Oregon Public Employees Retirement Fund grew its holdings in shares of 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 worth $3,481,000 after purchasing an additional 71 shares during the period. Whittier Trust Co. raised its holdings in DTE Energy by 3.5% in the first quarter. Whittier Trust Co. now owns 2,220 shares of the utilities provider’s stock valued at $328,000 after buying an additional 75 shares during the period. Prosperity Consulting Group LLC lifted its position in DTE Energy by 1.2% during the first quarter. Prosperity Consulting Group LLC now owns 6,342 shares of the utilities provider’s stock valued at $927,000 after buying an additional 76 shares in the last quarter. HM Payson & Co. lifted its position in DTE Energy by 23.6% during the fourth quarter. HM Payson & Co. now owns 419 shares of the utilities provider’s stock valued at $54,000 after buying an additional 80 shares in the last quarter. Finally, Fifth Third Bancorp grew its stake in DTE Energy by 1.1% during the fourth quarter. Fifth Third Bancorp now owns 7,755 shares of the utilities provider’s stock worth $1,000,000 after buying an additional 87 shares during the period. 76.06% of the stock is owned by institutional investors and hedge funds.

DTE Energy Trading Up 0.4%

NYSE:DTE opened at $136.16 on Wednesday. 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 business’s 50-day simple moving average is $145.63 and its 200 day simple moving average is $145.35. The stock has a market cap of $28.33 billion, a price-to-earnings ratio of 21.54, a price-to-earnings-growth ratio of 2.95 and a beta of 0.38.

DTE Energy (NYSE:DTE) last issued its quarterly earnings data 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. 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 analyst estimates of $3.36 billion. During the same quarter last year, the firm earned $1.36 EPS. As a group, sell-side analysts predict that DTE Energy Company will post 7.71 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company reissued an “overweight” rating and issued a $165.00 price objective on shares of DTE Energy in a research report on Monday, June 15th. Weiss Ratings raised shares of DTE Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. JPMorgan Chase & Co. upped their price target on shares of DTE Energy from $155.00 to $162.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Wall Street Zen downgraded DTE Energy from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Finally, Mizuho cut their price objective on DTE Energy from $165.00 to $164.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 29th. One 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 stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $158.46.

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.