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

Kestra Private Wealth Services LLC grew its stake in shares of DTE Energy Company (NYSE:DTE) by 51.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 9,947 shares of the utilities provider’s stock after buying 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.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Segment Wealth Management LLC grew its stake in shares of DTE Energy by 4.6% in the 4th quarter. Segment Wealth Management LLC now owns 1,744 shares of the utilities provider’s stock valued at $225,000 after buying an additional 76 shares during the period. HM Payson & Co. raised its stake 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 buying an additional 80 shares during the period. Modern Wealth Management LLC boosted its holdings in DTE Energy by 0.6% in the third quarter. Modern Wealth Management LLC now owns 13,431 shares of the utilities provider’s stock worth $1,900,000 after acquiring an additional 85 shares in the last quarter. Fifth Third Bancorp boosted its holdings in DTE Energy by 1.1% in the fourth quarter. Fifth Third Bancorp now owns 7,755 shares of the utilities provider’s stock worth $1,000,000 after acquiring an additional 87 shares in the last quarter. Finally, Princeton Global Asset Management LLC grew its stake in DTE Energy by 2.1% in the fourth quarter. Princeton Global Asset Management LLC now owns 4,395 shares of the utilities provider’s stock valued at $567,000 after acquiring an additional 90 shares during the period. Institutional investors own 76.06% of the company’s stock.

DTE Energy Stock Performance

Shares of DTE Energy stock opened at $154.15 on Tuesday. DTE Energy Company has a 52 week low of $126.23 and a 52 week high of $155.06. 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 business has a 50 day moving average price of $145.53 and a 200-day moving average price of $141.61. The company has a market cap of $32.07 billion, a PE ratio of 25.39, a price-to-earnings-growth ratio of 3.37 and a beta of 0.39.

DTE Energy (NYSE:DTE) last announced 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). The company had revenue of $5.14 billion for 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 quarter last year, the company posted $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. Equities analysts anticipate that DTE Energy Company will post 7.71 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Monday, September 21st will be given a dividend of $1.165 per share. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, September 21st. DTE Energy’s dividend payout ratio (DPR) is presently 76.77%.

Insiders Place Their Bets

In other DTE Energy news, VP Lisa A. Muschong sold 1,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

DTE has been the subject of several recent research reports. Jefferies Financial Group restated a “buy” rating and set a $170.00 price objective on shares of DTE Energy in a report on Wednesday, April 8th. BMO Capital Markets reduced their price target on shares of DTE Energy from $157.00 to $148.00 and set a “market perform” rating for the company in a research report on Thursday, March 26th. Wells Fargo & Company restated an “overweight” rating and set a $165.00 price target on shares of DTE Energy in a research note on Monday, June 15th. Wall Street Zen downgraded shares of DTE Energy from a “hold” rating to a “sell” rating in a report on Sunday, May 3rd. Finally, Weiss Ratings lowered shares of DTE Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. One equities research 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $157.00.

About DTE Energy

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.