Lido Advisors LLC Sells 24,118 Shares of DTE Energy Company $DTE

Lido Advisors LLC trimmed its stake in DTE Energy Company (NYSE:DTE) by 36.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,399 shares of the utilities provider’s stock after selling 24,118 shares during the period. Lido Advisors LLC’s holdings in DTE Energy were worth $6,062,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in DTE. Laurel Wealth Advisors LLC bought a new stake in DTE Energy during the fourth quarter valued at about $25,000. Key Financial Inc bought a new position in DTE Energy in the first quarter worth about $29,000. Torren Management LLC bought a new position in DTE Energy in the fourth quarter worth about $26,000. Quest 10 Wealth Builders Inc. lifted its position in shares of DTE Energy by 754.2% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 205 shares of the utilities provider’s stock valued at $26,000 after buying an additional 181 shares during the last quarter. Finally, Elyxium Wealth LLC purchased a new stake in shares of DTE Energy during the fourth quarter valued at about $29,000. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

DTE Energy Stock Up 0.9%

NYSE:DTE opened at $149.52 on Friday. The company has a market cap of $31.11 billion, a PE ratio of 24.63, a P/E/G ratio of 3.23 and a beta of 0.38. DTE Energy Company has a twelve month low of $126.23 and a twelve month high of $155.74. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 2.04. The company’s 50 day moving average is $147.53 and its two-hundred day moving average is $144.26.

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 analysts’ consensus estimates of $1.98 by ($0.03). The company had revenue of $5.14 billion for the quarter, compared to analyst estimates of $4.37 billion. DTE Energy had a net margin of 7.65% and a return on equity of 12.37%. During the same quarter in the previous year, the company posted $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. Analysts anticipate 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. Investors of record on Monday, September 21st will be given a $1.165 dividend. This represents a $4.66 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, September 21st. DTE Energy’s dividend payout ratio is presently 76.77%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on DTE shares. Bank of America restated a “buy” rating on shares of DTE Energy in a report on Wednesday, April 22nd. JPMorgan Chase & Co. boosted their price objective on shares of DTE Energy from $155.00 to $162.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Jefferies Financial Group set a $172.00 target price on shares of DTE Energy in a research report on Thursday, July 9th. Weiss Ratings downgraded shares of DTE Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. Finally, TD Cowen initiated coverage on shares of DTE Energy in a report on Tuesday, July 7th. They issued a “hold” rating and a $166.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $158.38.

Insider Activity

In related news, VP Lisa A. Muschong sold 1,000 shares of the company’s 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 transaction, the vice president directly owned 6,233 shares of the company’s stock, valued at $895,806.76. This represents a 13.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is currently owned by insiders.

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.