LFG Wealth Partners LLC Makes New Investment in DTE Energy Company $DTE

LFG Wealth Partners LLC bought a new stake in shares of DTE Energy Company (NYSE:DTE) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,302 shares of the utilities provider’s stock, valued at approximately $684,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Segment Wealth Management LLC raised its position in shares of DTE Energy by 4.6% in the fourth quarter. Segment Wealth Management LLC now owns 1,744 shares of the utilities provider’s stock worth $225,000 after buying an additional 76 shares in the last quarter. HM Payson & Co. lifted its position in DTE Energy by 23.6% during the fourth quarter. HM Payson & Co. now owns 419 shares of the utilities provider’s stock valued at $54,000 after purchasing an additional 80 shares during the last quarter. Modern Wealth Management LLC grew its stake in DTE Energy by 0.6% in the 3rd quarter. Modern Wealth Management LLC now owns 13,431 shares of the utilities provider’s stock worth $1,900,000 after buying an additional 85 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of DTE Energy by 4.6% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 1,960 shares of the utilities provider’s stock worth $277,000 after buying an additional 86 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in shares of DTE Energy by 1.1% during the 4th quarter. Fifth Third Bancorp now owns 7,755 shares of the utilities provider’s stock valued at $1,000,000 after buying an additional 87 shares in the last quarter. 76.06% of the stock is currently owned by institutional investors.

DTE Energy Price Performance

Shares of NYSE DTE opened at $148.10 on Tuesday. DTE Energy Company has a 1 year low of $126.23 and a 1 year high of $154.63. The stock has a market capitalization of $30.81 billion, a P/E ratio of 24.40, a P/E/G ratio of 3.22 and a beta of 0.39. The company’s 50-day moving average is $145.18 and its 200 day moving average is $140.42. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.95 and a quick ratio of 0.69.

DTE Energy (NYSE:DTE) last announced its quarterly earnings data 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 prior year, the business posted $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. On average, sell-side analysts expect that DTE Energy Company will post 7.71 earnings per share for the current year.

DTE Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 22nd will be paid a $1.165 dividend. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, June 22nd. DTE Energy’s dividend payout ratio is currently 76.77%.

Wall Street Analyst Weigh In

DTE has been the topic of a number of research analyst reports. Mizuho set a $165.00 target price on DTE Energy in a research note on Friday, May 1st. Weiss Ratings cut DTE Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday. Citigroup upped their price objective on shares of DTE Energy from $158.00 to $168.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Bank of America reaffirmed a “buy” rating on shares of DTE Energy in a research note on Wednesday, April 22nd. Finally, Truist Financial cut their price objective on DTE Energy from $165.00 to $158.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, DTE Energy currently has an average rating of “Moderate Buy” and an average price target of $156.67.

Insider Buying and Selling at DTE Energy

In other 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 transaction of $143,720.00. Following the completion of the transaction, the vice president directly owned 6,233 shares in the company, valued at $895,806.76. This trade represents a 13.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.60% of the stock is 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.