Caprock Group LLC Acquires New Shares in DTE Energy Company $DTE

Caprock Group LLC bought a new position in shares of DTE Energy Company (NYSE:DTE) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,435 shares of the utilities provider’s stock, valued at approximately $879,000.

Several other institutional investors also recently bought and sold shares of DTE. Empowered Funds LLC increased its holdings in shares of DTE Energy by 200.7% during the 1st quarter. Empowered Funds LLC now owns 9,909 shares of the utilities provider’s stock valued at $1,370,000 after acquiring an additional 6,614 shares during the last quarter. Woodline Partners LP lifted its stake in shares of DTE Energy by 40.8% in the first quarter. Woodline Partners LP now owns 17,509 shares of the utilities provider’s stock worth $2,421,000 after buying an additional 5,072 shares during the last quarter. Intech Investment Management LLC lifted its stake in shares of DTE Energy by 6.5% in the first quarter. Intech Investment Management LLC now owns 12,687 shares of the utilities provider’s stock worth $1,754,000 after buying an additional 773 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of DTE Energy during the 2nd quarter worth $203,000. Finally, Envestnet Portfolio Solutions Inc. grew its stake in DTE Energy by 12.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,273 shares of the utilities provider’s stock valued at $831,000 after buying an additional 714 shares during the last quarter. 76.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Morgan Stanley lifted their price objective on DTE Energy from $142.00 to $143.00 and gave the stock an “overweight” rating in a research note on Monday, February 2nd. BMO Capital Markets cut their price target on DTE Energy from $151.00 to $148.00 and set a “market perform” rating for the company in a report on Wednesday, December 24th. UBS Group reduced their price objective on DTE Energy from $155.00 to $151.00 and set a “buy” rating for the company in a research report on Wednesday, December 17th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of DTE Energy in a research report on Wednesday, January 21st. Finally, Scotiabank reduced their price target on shares of DTE Energy from $147.00 to $146.00 and set a “sector perform” rating for the company in a report on Friday, October 31st. Ten investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $147.69.

DTE Energy Price Performance

NYSE:DTE opened at $144.87 on Monday. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.68 and a current ratio of 1.15. The company has a 50-day moving average of $132.57 and a 200-day moving average of $136.12. DTE Energy Company has a 52 week low of $123.69 and a 52 week high of $145.41. The company has a market capitalization of $30.09 billion, a price-to-earnings ratio of 21.75, a PEG ratio of 2.66 and a beta of 0.49.

DTE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 16th will be paid a dividend of $1.165 per share. This represents a $4.66 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Monday, March 16th. DTE Energy’s dividend payout ratio is currently 69.97%.

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.