Entropy Technologies LP Buys New Shares in DTE Energy Company $DTE

Entropy Technologies LP bought a new stake in DTE Energy Company (NYSE:DTE) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 64,342 shares of the utilities provider’s stock, valued at approximately $8,299,000.

Other hedge funds have also made changes to their positions in the company. Empowered Funds LLC lifted its stake in DTE Energy by 200.7% during the first quarter. Empowered Funds LLC now owns 9,909 shares of the utilities provider’s stock worth $1,370,000 after purchasing an additional 6,614 shares during the period. Woodline Partners LP lifted its stake in DTE Energy by 40.8% during the first quarter. Woodline Partners LP now owns 17,509 shares of the utilities provider’s stock worth $2,421,000 after purchasing an additional 5,072 shares during the period. Intech Investment Management LLC grew its stake in shares of DTE Energy by 6.5% in the 1st quarter. Intech Investment Management LLC now owns 12,687 shares of the utilities provider’s stock valued at $1,754,000 after purchasing an additional 773 shares during the period. Sivia Capital Partners LLC acquired a new position in shares of DTE Energy in the 2nd quarter worth approximately $203,000. Finally, Jump Financial LLC raised its holdings in shares of DTE Energy by 154.5% in the 2nd quarter. Jump Financial LLC now owns 12,677 shares of the utilities provider’s stock worth $1,679,000 after buying an additional 7,696 shares in the last quarter. Institutional investors own 76.06% of the company’s stock.

Insider Activity

In related news, VP Lisa A. Muschong sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $143.72, for a total value of $143,720.00. Following the completion of the transaction, the vice president owned 6,233 shares in the company, valued at $895,806.76. The trade was a 13.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.60% of the company’s stock.

DTE Energy Stock Performance

NYSE:DTE opened at $147.37 on Friday. DTE Energy Company has a 1 year low of $126.23 and a 1 year high of $154.63. The firm has a 50 day moving average of $145.18 and a 200-day moving average of $140.31. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 2.04. The stock has a market capitalization of $30.66 billion, a P/E ratio of 24.28, a price-to-earnings-growth ratio of 3.22 and a beta of 0.39.

DTE Energy (NYSE:DTE) last posted its earnings results on Thursday, April 30th. The utilities provider reported $1.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.03). DTE Energy had a net margin of 7.65% and a return on equity of 12.37%. The firm had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $4.37 billion. During the same quarter last year, the firm posted $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, sell-side analysts anticipate that DTE Energy Company will post 7.71 EPS for the current fiscal year.

DTE Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 22nd will be paid a $1.165 dividend. The ex-dividend date is Monday, June 22nd. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.2%. DTE Energy’s payout ratio is 76.77%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DTE. Jefferies Financial Group reissued a “buy” rating and issued a $170.00 target price on shares of DTE Energy in a report on Wednesday, April 8th. BMO Capital Markets dropped their target price on DTE Energy from $157.00 to $148.00 and set a “market perform” rating for the company in a report on Thursday, March 26th. Weiss Ratings raised DTE Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 22nd. Barclays dropped their target price on DTE Energy from $156.00 to $154.00 and set an “equal weight” rating for the company in a report on Monday, May 4th. Finally, Wall Street Zen cut DTE Energy from a “hold” rating to a “sell” rating in a report on Sunday, May 3rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, DTE Energy has a consensus rating of “Moderate Buy” and a consensus target price of $156.25.

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.