4,792 Shares in DTE Energy Company $DTE Purchased by Money Concepts Capital Corp

Money Concepts Capital Corp acquired a new stake in DTE Energy Company (NYSE:DTE) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,792 shares of the utilities provider’s stock, valued at approximately $701,000.

Several other institutional investors also recently bought and sold shares of the business. Millennium Management LLC raised its stake in shares of DTE Energy by 227.4% during the 4th quarter. Millennium Management LLC now owns 2,729,226 shares of the utilities provider’s stock worth $352,016,000 after buying an additional 1,895,631 shares during the period. Balyasny Asset Management L.P. acquired a new stake in DTE Energy in the 4th quarter valued at $139,423,000. Cohen & Steers Inc. acquired a new stake in DTE Energy in the 4th quarter valued at $125,604,000. Vanguard Group Inc. increased its holdings in DTE Energy by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 26,305,533 shares of the utilities provider’s stock worth $3,392,888,000 after acquiring an additional 766,499 shares in the last quarter. Finally, Raymond James Financial Inc. increased its holdings in DTE Energy by 176.5% in the 2nd quarter. Raymond James Financial Inc. now owns 1,015,208 shares of the utilities provider’s stock worth $134,474,000 after acquiring an additional 648,007 shares in the last quarter. 76.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on DTE. BMO Capital Markets reduced their price objective on shares of DTE Energy from $157.00 to $148.00 and set a “market perform” rating for the company in a research report on Thursday, March 26th. JPMorgan Chase & Co. cut their target price on shares of DTE Energy from $160.00 to $155.00 and set a “neutral” rating for the company in a research note on Thursday, May 14th. TD Cowen started coverage on shares of DTE Energy in a research report on Tuesday. They set a “hold” rating and a $166.00 price target for the company. Wells Fargo & Company restated an “overweight” rating and set a $165.00 price target on shares of DTE Energy in a research report on Monday, June 15th. Finally, Wall Street Zen lowered shares of DTE Energy from a “hold” rating to a “sell” rating in a research note on Sunday, May 3rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, DTE Energy has a consensus rating of “Moderate Buy” and a consensus price target of $157.85.

Insider Buying and Selling

In other DTE Energy news, VP Lisa A. Muschong sold 1,000 shares of DTE Energy stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $143.72, for a total value of $143,720.00. Following the sale, the vice president owned 6,233 shares in the company, valued at $895,806.76. The trade was a 13.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.60% of the stock is owned by corporate insiders.

DTE Energy Trading Up 0.8%

Shares of DTE Energy stock traded up $1.14 during mid-day trading on Friday, hitting $150.41. The stock had a trading volume of 1,222,039 shares, compared to its average volume of 1,242,894. The firm has a 50-day moving average of $146.54 and a two-hundred day moving average of $142.94. DTE Energy Company has a 12-month low of $126.23 and a 12-month high of $155.74. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 2.04. The firm has a market cap of $31.29 billion, a P/E ratio of 24.78, a price-to-earnings-growth ratio of 3.28 and a beta of 0.38.

DTE Energy (NYSE:DTE) last released its quarterly earnings results on Thursday, April 30th. The utilities provider reported $1.95 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 firm had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $4.37 billion. During the same period in the previous year, the firm posted $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. Sell-side analysts forecast that DTE Energy Company will post 7.71 earnings per share for the current year.

DTE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Monday, September 21st will be paid a dividend of $1.165 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a $4.66 annualized dividend and a yield of 3.1%. DTE Energy’s dividend payout ratio (DPR) 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.