Entropy Technologies LP Sells 14,216 Shares of DTE Energy Company $DTE

Entropy Technologies LP trimmed its holdings in shares of DTE Energy Company (NYSE:DTE) by 22.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 50,126 shares of the utilities provider’s stock after selling 14,216 shares during the period. Entropy Technologies LP’s holdings in DTE Energy were worth $7,329,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Laurel Wealth Advisors LLC bought a new position in shares of DTE Energy during the fourth quarter valued at $25,000. Quest 10 Wealth Builders Inc. increased its holdings in DTE Energy by 754.2% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 205 shares of the utilities provider’s stock worth $26,000 after buying an additional 181 shares in the last quarter. Torren Management LLC bought a new stake in DTE Energy in the 4th quarter worth about $26,000. Elyxium Wealth LLC purchased a new position in DTE Energy in the 4th quarter worth about $29,000. Finally, Key Financial Inc purchased a new position in DTE Energy in the 1st quarter worth about $29,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.

Insider Buying and Selling at DTE Energy

In other news, VP Lisa A. Muschong sold 1,000 shares of DTE Energy stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $143.72, for a total transaction of $143,720.00. Following the transaction, the vice president owned 6,233 shares in the company, valued at $895,806.76. This trade represents a 13.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. BMO Capital Markets lowered their target price on shares of DTE Energy from $152.00 to $148.00 and set a “market perform” rating on the stock in a research note on Wednesday. Weiss Ratings cut shares of DTE Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 12th. TD Cowen began coverage on shares of DTE Energy in a research report on Tuesday, July 7th. They set a “hold” rating and a $166.00 price objective on the stock. Barclays dropped their target price on shares of DTE Energy from $156.00 to $154.00 and set an “equal weight” rating on the stock in a report on Monday, May 4th. Finally, JPMorgan Chase & Co. lifted their target price 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. One investment 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.38.

DTE Energy Price Performance

NYSE DTE opened at $149.52 on Friday. DTE Energy Company has a 52 week low of $126.23 and a 52 week high of $155.74. The firm has a market capitalization of $31.11 billion, a P/E ratio of 24.63, a PEG ratio of 3.23 and a beta of 0.38. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 2.04. The company has a 50-day moving average price of $147.53 and a 200-day moving average price of $144.26.

DTE Energy (NYSE:DTE) last posted its quarterly earnings data 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). The business had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $4.37 billion. DTE Energy had a return on equity of 12.37% and a net margin of 7.65%.During the same period in the previous year, the business posted $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. Equities research analysts anticipate that DTE Energy Company will post 7.71 earnings per share for the current year.

DTE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders 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 yield of 3.1%. DTE Energy’s dividend payout ratio (DPR) is presently 76.77%.

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.