Kestra Private Wealth Services LLC Acquires 3,396 Shares of DTE Energy Company $DTE

Kestra Private Wealth Services LLC raised its holdings in DTE Energy Company (NYSE:DTE) by 51.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 9,947 shares of the utilities provider’s stock after acquiring an additional 3,396 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in DTE Energy were worth $1,455,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Segment Wealth Management LLC grew its stake 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 purchasing an additional 76 shares during the last quarter. HM Payson & Co. raised its position in DTE Energy by 23.6% during the 4th quarter. HM Payson & Co. now owns 419 shares of the utilities provider’s stock worth $54,000 after purchasing an additional 80 shares during the last quarter. Modern Wealth Management LLC raised its position in DTE Energy by 0.6% during the 3rd quarter. Modern Wealth Management LLC now owns 13,431 shares of the utilities provider’s stock worth $1,900,000 after purchasing an additional 85 shares during the last quarter. Fifth Third Bancorp lifted its holdings in DTE Energy by 1.1% during the 4th quarter. Fifth Third Bancorp now owns 7,755 shares of the utilities provider’s stock worth $1,000,000 after buying an additional 87 shares during the period. Finally, Princeton Global Asset Management LLC lifted its holdings in DTE Energy by 2.1% during the 4th quarter. Princeton Global Asset Management LLC now owns 4,395 shares of the utilities provider’s stock worth $567,000 after buying an additional 90 shares during the period. Institutional investors own 76.06% of the company’s stock.

Analyst Ratings Changes

DTE has been the subject of several recent research reports. Wall Street Zen cut DTE Energy from a “hold” rating to a “sell” rating in a research note on Sunday, May 3rd. Weiss Ratings lowered DTE Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. Mizuho set a $165.00 target price on DTE Energy in a report on Friday, May 1st. Jefferies Financial Group reiterated a “buy” rating and issued a $170.00 target price on shares of DTE Energy in a report on Wednesday, April 8th. Finally, Bank of America reissued a “buy” rating on shares of DTE Energy in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, DTE Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

DTE Energy Stock Performance

Shares of DTE opened at $154.15 on Tuesday. 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’s fifty day simple moving average is $145.53 and its two-hundred day simple moving average is $141.61. DTE Energy Company has a 12 month low of $126.23 and a 12 month high of $155.06. The stock has a market capitalization of $32.07 billion, a P/E ratio of 25.39, a price-to-earnings-growth ratio of 3.37 and a beta of 0.39.

DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Thursday, April 30th. The utilities provider reported $1.95 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.03). The business had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $4.37 billion. DTE Energy had a return on equity of 12.37% and a net margin of 7.65%.During the same period last year, the business posted $2.10 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, analysts predict that DTE Energy Company will post 7.71 EPS for the current year.

DTE Energy Announces Dividend

The firm also recently announced 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. This represents a $4.66 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Monday, September 21st. DTE Energy’s payout ratio is presently 76.77%.

Insiders Place Their Bets

In other DTE Energy news, VP Lisa A. Muschong sold 1,000 shares of the business’s stock in a transaction that occurred 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 approximately $895,806.76. The trade was a 13.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.