15,858 Shares in DTE Energy Company $DTE Acquired by SG Trading Solutions LLC

SG Trading Solutions LLC purchased a new stake in DTE Energy Company (NYSE:DTE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,858 shares of the utilities provider’s stock, valued at approximately $2,045,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DTE. Laurel Wealth Advisors LLC acquired a new position in shares of DTE Energy in the fourth quarter valued at $25,000. Torren Management LLC acquired a new stake in shares of DTE Energy during the 4th quarter worth about $26,000. Quest 10 Wealth Builders Inc. boosted its holdings in shares of DTE Energy by 754.2% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 205 shares of the utilities provider’s stock worth $26,000 after buying an additional 181 shares during the period. Elyxium Wealth LLC acquired a new position in DTE Energy in the 4th quarter valued at about $29,000. Finally, Asset Dedication LLC raised its holdings in DTE Energy by 88.4% in the 3rd quarter. Asset Dedication LLC now owns 228 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 107 shares during the period. 76.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DTE has been the subject of a number of research analyst reports. Argus upgraded DTE Energy to a “strong-buy” rating in a report on Thursday, February 26th. Truist Financial reduced their price target on DTE Energy from $165.00 to $158.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Weiss Ratings cut DTE Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. Bank of America reissued a “buy” rating on shares of DTE Energy in a research report on Wednesday, April 22nd. Finally, BMO Capital Markets decreased their price target on shares of DTE Energy from $157.00 to $148.00 and set a “market perform” rating on the stock in a research note on Thursday, March 26th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $156.67.

DTE Energy Trading Up 0.3%

Shares of DTE stock opened at $147.62 on Friday. 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 stock has a market cap of $30.71 billion, a P/E ratio of 24.32, a price-to-earnings-growth ratio of 3.21 and a beta of 0.39. The stock has a 50 day simple moving average of $145.17 and a 200 day simple moving average of $140.66. DTE Energy Company has a 1 year low of $126.23 and a 1 year high of $154.63.

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). 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 for the quarter, compared to analyst estimates of $4.37 billion. During the same period in the prior year, the company earned $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. On average, research analysts predict that DTE Energy Company will post 7.71 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Monday, September 21st will be issued a dividend of $1.165 per share. This represents a $4.66 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Monday, September 21st. DTE Energy’s dividend payout ratio is 76.77%.

Insider Activity at DTE Energy

In related news, VP Lisa A. Muschong sold 1,000 shares of the firm’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 owned 6,233 shares in the company, valued at approximately $895,806.76. This trade represents a 13.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.60% of the company’s stock.

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.