7,858 Shares in DTE Energy Company $DTE Acquired by Capital Innovations LLC

Capital Innovations LLC bought a new position in shares of DTE Energy Company (NYSE:DTE) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 7,858 shares of the utilities provider’s stock, valued at approximately $1,014,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DTE. 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. grew its stake in shares of DTE Energy by 754.2% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 205 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 181 shares during the last quarter. Torren Management LLC acquired a new stake in DTE Energy in the fourth quarter valued at $26,000. Elyxium Wealth LLC bought a new position in DTE Energy during the 4th quarter worth $29,000. Finally, Asset Dedication LLC raised its position in DTE Energy by 88.4% during the 3rd quarter. Asset Dedication LLC now owns 228 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 107 shares during the last quarter. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on DTE. Truist Financial reduced their price target on DTE Energy from $165.00 to $158.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Barclays lowered their price objective on DTE Energy from $156.00 to $154.00 and set an “equal weight” rating for the company in a research report on Monday, May 4th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $170.00 price objective on shares of DTE Energy in a research note on Wednesday, April 8th. Weiss Ratings raised shares of DTE Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 22nd. Finally, Mizuho set a $165.00 price target on shares of DTE Energy in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.25.

Insider Activity

In other DTE Energy news, VP Lisa A. Muschong sold 1,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $143.72, for a total transaction of $143,720.00. Following the transaction, the vice president directly owned 6,233 shares in the company, valued at approximately $895,806.76. This represents a 13.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.60% of the company’s stock.

DTE Energy Stock Performance

Shares of DTE Energy stock opened at $142.62 on Wednesday. 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 business has a 50-day moving average price of $145.12 and a two-hundred day moving average price of $139.85. DTE Energy Company has a 1-year low of $126.23 and a 1-year high of $154.63. The company has a market cap of $29.67 billion, a P/E ratio of 23.50, a PEG ratio of 3.05 and a beta of 0.39.

DTE Energy (NYSE:DTE) last announced 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). DTE Energy had a net margin of 7.65% and a return on equity of 12.37%. The business had revenue of $5.14 billion during the quarter, compared to analyst estimates of $4.37 billion. During the same period in the prior year, the firm earned $2.10 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, analysts anticipate that DTE Energy Company will post 7.71 EPS for the current year.

DTE Energy Dividend Announcement

The firm also recently declared 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 of this dividend is Monday, June 22nd. This represents a $4.66 annualized dividend and a yield of 3.3%. DTE Energy’s payout ratio is 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.