MQS Management LLC Purchases Shares of 4,594 DTE Energy Company $DTE

MQS Management LLC bought a new stake in shares of DTE Energy Company (NYSE:DTE) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,594 shares of the utilities provider’s stock, valued at approximately $593,000.

Other large investors also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC acquired a new stake in DTE Energy during the 4th quarter valued at $25,000. Cloud Capital Management LLC acquired a new stake in DTE Energy during the 3rd quarter valued at $28,000. Torren Management LLC acquired a new stake in DTE Energy during the 4th quarter valued at $26,000. Quest 10 Wealth Builders Inc. raised its stake in DTE Energy by 754.2% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 205 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 181 shares during the period. Finally, Elyxium Wealth LLC acquired a new stake in DTE Energy during the 4th quarter valued at $29,000. 76.06% of the stock is owned by institutional investors and hedge funds.

DTE Energy Trading Up 1.1%

NYSE DTE opened at $145.30 on Friday. DTE Energy Company has a 1-year low of $126.23 and a 1-year high of $154.63. 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 has a market capitalization of $30.23 billion, a PE ratio of 23.94, a price-to-earnings-growth ratio of 3.14 and a beta of 0.41. The firm’s fifty day simple moving average is $145.70 and its 200-day simple moving average is $139.49.

DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Thursday, April 30th. The utilities provider reported $1.95 earnings per share for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.03). DTE Energy had a return on equity of 12.37% and a net margin of 7.65%.The company had revenue of $5.14 billion during the quarter, compared to analyst estimates of $4.37 billion. During the same period last year, the company posted $2.10 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 7.71 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 22nd will be given a dividend of $1.165 per share. This represents a $4.66 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Monday, June 22nd. DTE Energy’s dividend payout ratio is presently 76.77%.

Analyst Ratings Changes

DTE has been the topic of several recent analyst reports. Barclays cut their target price on shares of DTE Energy from $156.00 to $154.00 and set an “equal weight” rating on the stock in a research note on Monday, May 4th. Wall Street Zen downgraded shares of DTE Energy from a “hold” rating to a “sell” rating in a research note on Sunday, May 3rd. Weiss Ratings downgraded shares of DTE Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 7th. Bank of America reissued a “buy” rating on shares of DTE Energy in a research note on Wednesday, April 22nd. Finally, Mizuho set a $165.00 target price on shares of DTE Energy in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, DTE Energy presently has an average rating of “Moderate Buy” and a consensus target price of $156.25.

Insider Buying and Selling

In other DTE Energy news, VP Lisa A. Muschong sold 1,000 shares of the stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $143.72, for a total transaction 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.60% of the stock is owned by insiders.

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.