Wealthfront Advisers LLC Boosts Position in DTE Energy Company $DTE

Wealthfront Advisers LLC increased its holdings in shares of DTE Energy Company (NYSE:DTE) by 21.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,392 shares of the utilities provider’s stock after purchasing an additional 5,977 shares during the period. Wealthfront Advisers LLC’s holdings in DTE Energy were worth $4,883,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of DTE. Empowered Funds LLC raised its position in shares of DTE Energy by 200.7% in the first quarter. Empowered Funds LLC now owns 9,909 shares of the utilities provider’s stock worth $1,370,000 after acquiring an additional 6,614 shares during the period. Woodline Partners LP lifted its holdings in DTE Energy by 40.8% in the 1st quarter. Woodline Partners LP now owns 17,509 shares of the utilities provider’s stock valued at $2,421,000 after purchasing an additional 5,072 shares in 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 in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of DTE Energy during the 2nd quarter worth approximately $203,000. Finally, Jump Financial LLC boosted its stake in DTE Energy by 154.5% during the second 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 during the last quarter. 76.06% of the stock is owned by institutional investors and hedge funds.

DTE Energy Stock Down 0.5%

Shares of NYSE:DTE opened at $148.12 on Friday. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.95 and a quick ratio of 0.69. DTE Energy Company has a 1-year low of $126.23 and a 1-year high of $155.74. The firm has a fifty day moving average price of $147.00 and a 200 day moving average price of $143.64. The stock has a market cap of $30.81 billion, a P/E ratio of 24.40, a P/E/G ratio of 3.24 and a beta of 0.38.

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

DTE Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Monday, September 21st will be issued a $1.165 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a $4.66 annualized dividend and a dividend yield of 3.1%. DTE Energy’s payout ratio is presently 76.77%.

Insiders Place Their Bets

In other DTE Energy news, VP Lisa A. Muschong sold 1,000 shares of the business’s 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 owned 6,233 shares in the company, valued at approximately $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 accessible through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Truist Financial reduced their target price on shares of DTE Energy from $165.00 to $158.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. TD Cowen assumed coverage on DTE Energy in a research note on Tuesday, July 7th. They set a “hold” rating and a $166.00 target price on the stock. Mizuho set a $165.00 price target on shares of DTE Energy in a research report on Friday, May 1st. Weiss Ratings cut DTE Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. Finally, Bank of America reaffirmed a “buy” rating on shares of DTE Energy in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $158.69.

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.