Bogart Wealth LLC Increases Stake in DTE Energy Company $DTE

Bogart Wealth LLC raised its stake in DTE Energy Company (NYSE:DTE) by 58.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 85,536 shares of the utilities provider’s stock after purchasing an additional 31,448 shares during the quarter. Bogart Wealth LLC’s holdings in DTE Energy were worth $12,507,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Laurel Wealth Advisors LLC purchased a new stake in DTE Energy during the 4th quarter valued at $25,000. Key Financial Inc bought a new stake in DTE Energy in the 1st quarter worth $29,000. Torren Management LLC purchased a new position in shares of DTE Energy in the fourth quarter valued at about $26,000. Quest 10 Wealth Builders Inc. increased its position in shares of DTE Energy by 754.2% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 205 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 181 shares during the period. Finally, Elyxium Wealth LLC bought a new position in shares of DTE Energy during the fourth quarter valued at about $29,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on DTE shares. BMO Capital Markets dropped their target price on shares of DTE Energy from $157.00 to $148.00 and set a “market perform” rating for the company in a report on Thursday, March 26th. Wall Street Zen downgraded DTE Energy from a “hold” rating to a “sell” rating in a report on Sunday, May 3rd. JPMorgan Chase & Co. lowered their price target on DTE Energy from $160.00 to $155.00 and set a “neutral” rating for the company in a research report on Thursday, May 14th. Mizuho set a $165.00 price objective on DTE Energy in a report on Friday, May 1st. Finally, Weiss Ratings lowered DTE Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. One investment 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 stock. Based on data from MarketBeat, DTE Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.

DTE Energy Stock Down 0.1%

Shares of NYSE DTE opened at $153.90 on Monday. The firm has a fifty day simple moving average of $146.15 and a two-hundred day simple moving average of $142.25. DTE Energy Company has a 12 month low of $126.23 and a 12 month high of $155.06. 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 firm has a market capitalization of $32.02 billion, a PE ratio of 25.35, a price-to-earnings-growth ratio of 3.36 and a beta of 0.38.

DTE Energy (NYSE:DTE) last announced its 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 net margin of 7.65% and a return on equity of 12.37%. The company had revenue of $5.14 billion for the quarter, compared to the consensus estimate 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. Equities 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 disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Monday, September 21st will be issued a $1.165 dividend. The ex-dividend date is Monday, September 21st. This represents a $4.66 annualized dividend and a yield of 3.0%. DTE Energy’s dividend payout ratio (DPR) is 76.77%.

Insiders Place Their Bets

In other DTE Energy news, VP Lisa A. Muschong sold 1,000 shares of DTE Energy stock in a transaction that occurred 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 sale, the vice president directly owned 6,233 shares of the company’s stock, valued at approximately $895,806.76. The trade was a 13.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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.