Procyon Advisors LLC Buys New Stake in DTE Energy Company $DTE

Procyon Advisors LLC bought a new stake in DTE Energy Company (NYSE:DTE) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 8,288 shares of the utilities provider’s stock, valued at approximately $1,069,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Global Wealth Strategies & Associates acquired a new stake in shares of DTE Energy in the 3rd quarter worth $28,000. Clean Yield Group purchased a new position in DTE Energy during the 3rd quarter worth $28,000. Cloud Capital Management LLC acquired a new position in DTE Energy during the 3rd quarter valued at about $28,000. Capital A Wealth Management LLC increased its position in DTE Energy by 5,775.0% during the 2nd quarter. Capital A Wealth Management LLC now owns 235 shares of the utilities provider’s stock valued at $31,000 after buying an additional 231 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in DTE Energy in the third quarter valued at about $31,000. 76.06% of the stock is owned by hedge funds and other institutional investors.

DTE Energy Stock Performance

Shares of NYSE DTE opened at $142.20 on Tuesday. The company has a 50 day simple moving average of $141.64 and a two-hundred day simple moving average of $137.60. The stock has a market cap of $29.58 billion, a price-to-earnings ratio of 20.26, a PEG ratio of 2.60 and a beta of 0.47. The company has a current ratio of 0.80, a quick ratio of 0.55 and a debt-to-equity ratio of 1.93. DTE Energy Company has a 12 month low of $123.69 and a 12 month high of $154.63.

DTE Energy (NYSE:DTE) last released its quarterly earnings data on Tuesday, February 17th. The utilities provider reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.13. DTE Energy had a net margin of 9.24% and a return on equity of 12.72%. The firm had revenue of $4.43 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same quarter in the prior year, the business earned $1.51 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, analysts predict that DTE Energy Company will post 7.18 earnings per share for the current year.

DTE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 16th will be paid a dividend of $1.165 per share. The ex-dividend date is Monday, March 16th. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.3%. DTE Energy’s dividend payout ratio (DPR) is presently 66.38%.

Analyst Ratings Changes

DTE has been the subject of several recent analyst reports. Jefferies Financial Group raised their price target on DTE Energy from $150.00 to $153.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Argus raised shares of DTE Energy to a “strong-buy” rating in a research report on Thursday, February 26th. Weiss Ratings reiterated a “buy (b-)” rating on shares of DTE Energy in a research note on Wednesday, January 21st. JPMorgan Chase & Co. dropped their target price on shares of DTE Energy from $151.00 to $145.00 and set a “neutral” rating on the stock in a research report on Thursday, December 11th. Finally, UBS Group cut their price target on shares of DTE Energy from $155.00 to $151.00 and set a “buy” rating on the stock in a research note on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $152.92.

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.