LFG Wealth Partners LLC Invests $684,000 in DTE Energy Company $DTE

LFG Wealth Partners LLC acquired a new stake in DTE Energy Company (NYSE:DTE) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 5,302 shares of the utilities provider’s stock, valued at approximately $684,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Laurel Wealth Advisors LLC bought a new stake in shares of DTE Energy during the 4th quarter worth about $25,000. Quest 10 Wealth Builders Inc. boosted its position 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 acquiring an additional 181 shares in the last quarter. Torren Management LLC bought a new position in DTE Energy in the fourth quarter valued at approximately $26,000. Elyxium Wealth LLC acquired a new position in shares of DTE Energy during the 4th quarter worth $29,000. Finally, Asset Dedication LLC lifted its holdings in shares of DTE Energy by 88.4% in the third quarter. Asset Dedication LLC now owns 228 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 107 shares during the last quarter. Institutional investors own 76.06% of the company’s stock.

DTE Energy Price Performance

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

DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Thursday, April 30th. The utilities provider reported $1.95 earnings per share (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 business had revenue of $5.14 billion during the quarter, compared to analyst estimates of $4.37 billion. During the same period in the previous year, the business posted $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. Sell-side analysts forecast that DTE Energy Company will post 7.71 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $4.66 annualized dividend and a dividend yield of 3.1%. DTE Energy’s dividend payout ratio is 76.77%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DTE. Mizuho set a $165.00 price target on DTE Energy in a research note on Friday, May 1st. Weiss Ratings lowered DTE Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday. Wells Fargo & Company reissued an “overweight” rating and issued a $165.00 price target on shares of DTE Energy in a research note on Monday. Bank of America restated a “buy” rating on shares of DTE Energy in a research report on Wednesday, April 22nd. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $170.00 price objective on shares of DTE Energy in a research note on Wednesday, April 8th. One 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 MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $156.67.

Insider Activity

In related news, VP Lisa A. Muschong sold 1,000 shares of the 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 completion of the sale, the vice president directly owned 6,233 shares of the company’s stock, valued at approximately $895,806.76. This represents a 13.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.60% of the stock is currently 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.