Independent Advisor Alliance Buys 3,882 Shares of DTE Energy Company $DTE

Independent Advisor Alliance lifted its stake in shares of DTE Energy Company (NYSE:DTE) by 38.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 13,970 shares of the utilities provider’s stock after acquiring an additional 3,882 shares during the period. Independent Advisor Alliance’s holdings in DTE Energy were worth $1,802,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in DTE. Vanguard Group Inc. boosted its position in shares of DTE Energy by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 26,305,533 shares of the utilities provider’s stock worth $3,392,888,000 after purchasing an additional 766,499 shares in the last quarter. Millennium Management LLC raised its holdings in shares of DTE Energy by 810.6% in the 3rd quarter. Millennium Management LLC now owns 833,595 shares of the utilities provider’s stock worth $117,895,000 after acquiring an additional 742,056 shares during the last quarter. Raymond James Financial Inc. raised its holdings in shares of DTE Energy by 176.5% in the 2nd quarter. Raymond James Financial Inc. now owns 1,015,208 shares of the utilities provider’s stock worth $134,474,000 after acquiring an additional 648,007 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of DTE Energy by 12.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 5,571,081 shares of the utilities provider’s stock worth $788,004,000 after acquiring an additional 602,602 shares during the last quarter. Finally, Capital World Investors raised its holdings in shares of DTE Energy by 5.9% in the 3rd quarter. Capital World Investors now owns 9,851,237 shares of the utilities provider’s stock worth $1,393,260,000 after acquiring an additional 552,346 shares during the last quarter. Institutional investors own 76.06% of the company’s stock.

DTE Energy Trading Up 1.2%

NYSE:DTE opened at $143.77 on Friday. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.69 and a current ratio of 0.95. The firm has a market cap of $29.91 billion, a price-to-earnings ratio of 23.68, a price-to-earnings-growth ratio of 3.10 and a beta of 0.41. DTE Energy Company has a 52 week low of $126.23 and a 52 week high of $154.63. The firm has a 50-day moving average price of $146.42 and a two-hundred day moving average price of $139.33.

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

DTE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders 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 annualized dividend and a yield of 3.2%. DTE Energy’s dividend payout ratio (DPR) is 76.77%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on DTE shares. Truist Financial started coverage on shares of DTE Energy in a report on Monday, April 20th. They issued a “buy” rating and a $165.00 target price on the stock. Bank of America restated a “buy” rating on shares of DTE Energy in a report on Wednesday, April 22nd. Weiss Ratings lowered shares of DTE Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 7th. Jefferies Financial Group restated a “buy” rating and issued a $170.00 target price on shares of DTE Energy in a report on Wednesday, April 8th. Finally, Morgan Stanley lowered their target price on shares of DTE Energy from $156.00 to $155.00 and set an “overweight” rating on the stock in a report on Tuesday, April 21st. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $157.58.

DTE Energy Company 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.