Foguth Wealth Management LLC. Buys New Holdings in DTE Energy Company $DTE

Foguth Wealth Management LLC. purchased a new position in DTE Energy Company (NYSE:DTE) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,965 shares of the utilities provider’s stock, valued at approximately $647,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP increased its position in shares of DTE Energy by 6.2% in the 3rd quarter. Allworth Financial LP now owns 5,565 shares of the utilities provider’s stock valued at $787,000 after purchasing an additional 324 shares during the last quarter. IFP Advisors Inc lifted its position in shares of DTE Energy by 13.5% during the 3rd quarter. IFP Advisors Inc now owns 3,737 shares of the utilities provider’s stock worth $537,000 after purchasing an additional 445 shares during the last quarter. Swiss Life Asset Management Ltd lifted its position in shares of DTE Energy by 39.7% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 19,292 shares of the utilities provider’s stock worth $2,728,000 after purchasing an additional 5,480 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new position in shares of DTE Energy during the third quarter worth $4,085,000. Finally, Asset Dedication LLC increased its holdings in DTE Energy by 88.4% in the third quarter. Asset Dedication LLC now owns 228 shares of the utilities provider’s stock valued at $32,000 after buying an additional 107 shares during the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Price Performance

Shares of DTE opened at $147.11 on Friday. DTE Energy Company has a 1-year low of $123.69 and a 1-year high of $154.63. The stock has a market cap of $30.60 billion, a PE ratio of 20.96, a price-to-earnings-growth ratio of 2.70 and a beta of 0.47. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.80 and a quick ratio of 0.55. The firm has a fifty day moving average price of $141.16 and a 200 day moving average price of $137.50.

DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Tuesday, February 17th. The utilities provider reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.13. DTE Energy had a return on equity of 12.72% and a net margin of 9.24%.The company had revenue of $4.43 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same quarter last year, the company posted $1.51 earnings per share. 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 7.18 EPS for the current year.

DTE Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Monday, March 16th will be paid a dividend of $1.165 per share. This represents a $4.66 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Monday, March 16th. DTE Energy’s dividend payout ratio (DPR) is currently 66.38%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Citigroup raised their price target on DTE Energy from $158.00 to $168.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Wells Fargo & Company lowered their price objective on DTE Energy from $157.00 to $152.00 and set an “overweight” rating for the company in a research report on Tuesday, January 20th. Morgan Stanley reiterated an “overweight” rating and issued a $153.00 price objective on shares of DTE Energy in a report on Friday, February 20th. UBS Group cut their target price on DTE Energy from $155.00 to $151.00 and set a “buy” rating on the stock in a research report on Wednesday, December 17th. Finally, JPMorgan Chase & Co. lowered their price target on DTE Energy from $151.00 to $145.00 and set a “neutral” rating for the company in a report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $152.46.

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.