4,321 Shares in DTE Energy Company $DTE Purchased by Signal Advisors Wealth LLC

Signal Advisors Wealth LLC bought a new position in shares of DTE Energy Company (NYSE:DTE) during the 4th quarter, HoldingsChannel reports. The firm bought 4,321 shares of the utilities provider’s stock, valued at approximately $557,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Clean Yield Group purchased a new stake in shares of DTE Energy in the 3rd quarter worth approximately $28,000. Global Wealth Strategies & Associates purchased a new position in DTE Energy during the third quarter valued at approximately $28,000. Cloud Capital Management LLC bought a new position in DTE Energy in the third quarter worth approximately $28,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in DTE Energy in the third quarter worth approximately $31,000. Finally, Asset Dedication LLC lifted its holdings in DTE Energy by 88.4% during the third quarter. Asset Dedication LLC now owns 228 shares of the utilities provider’s stock worth $32,000 after buying an additional 107 shares during the period. Hedge funds and other institutional investors own 76.06% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on DTE shares. Mizuho increased their target price on DTE Energy from $144.00 to $155.00 and gave the company an “outperform” rating in a research report on Wednesday, February 18th. Jefferies Financial Group upped their price objective on DTE Energy from $150.00 to $153.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Barclays raised their price objective on DTE Energy from $151.00 to $156.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 17th. Wells Fargo & Company cut their target price on DTE Energy from $157.00 to $152.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 20th. Finally, BMO Capital Markets reduced their target price on shares of DTE Energy from $157.00 to $148.00 and set a “market perform” rating for the company in a report on Thursday. One investment 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $152.17.

DTE Energy Price Performance

NYSE DTE opened at $144.52 on Friday. The firm’s fifty day simple moving average is $142.43 and its two-hundred day simple moving average is $137.81. 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. The firm has a market capitalization of $30.06 billion, a P/E ratio of 20.59, a P/E/G ratio of 2.65 and a beta of 0.47.

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

DTE Energy Dividend Announcement

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

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.