Hennion & Walsh Asset Management Inc. Acquires 4,032 Shares of DTE Energy Company $DTE

Hennion & Walsh Asset Management Inc. lifted its holdings in shares of DTE Energy Company (NYSE:DTE) by 20.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,799 shares of the utilities provider’s stock after purchasing an additional 4,032 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in DTE Energy were worth $3,070,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. AE Wealth Management LLC lifted its stake in DTE Energy by 5.0% in the third quarter. AE Wealth Management LLC now owns 118,521 shares of the utilities provider’s stock valued at $16,762,000 after buying an additional 5,658 shares in the last quarter. CWM LLC boosted its holdings in shares of DTE Energy by 50.5% in the third quarter. CWM LLC now owns 35,893 shares of the utilities provider’s stock valued at $5,076,000 after buying an additional 12,045 shares during the period. Wedge Capital Management L L P NC bought a new stake in shares of DTE Energy during the third quarter worth $16,723,000. Bogart Wealth LLC increased its position in shares of DTE Energy by 49,181.8% during the third quarter. Bogart Wealth LLC now owns 54,210 shares of the utilities provider’s stock worth $7,667,000 after acquiring an additional 54,100 shares in the last quarter. Finally, Hudson Bay Capital Management LP acquired a new stake in shares of DTE Energy during the second quarter worth $15,277,000. Institutional investors own 76.06% of the company’s stock.

DTE Energy Price Performance

NYSE DTE opened at $146.23 on Wednesday. The firm’s 50 day moving average is $142.86 and its 200-day moving average is $137.97. The company has a quick ratio of 0.55, a current ratio of 0.80 and a debt-to-equity ratio of 1.93. The company has a market capitalization of $30.42 billion, a PE ratio of 20.83, a price-to-earnings-growth ratio of 2.68 and a beta of 0.47. DTE Energy Company has a 12-month low of $123.69 and a 12-month high of $154.63.

DTE Energy (NYSE:DTE) last announced its earnings results on Tuesday, February 17th. The utilities provider reported $1.65 EPS for the quarter, topping the consensus estimate of $1.52 by $0.13. The business had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $3.39 billion. DTE Energy had a net margin of 9.24% and a return on equity of 12.72%. During the same quarter in the prior year, the company posted $1.51 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. Equities research analysts anticipate that DTE Energy Company will post 7.18 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Monday, March 16th will be paid a dividend of $1.165 per share. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Monday, March 16th. DTE Energy’s dividend payout ratio is currently 66.38%.

Analyst Upgrades and Downgrades

Several research firms recently commented on DTE. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of DTE Energy in a research report on Wednesday, January 21st. Jefferies Financial Group increased their target price on DTE Energy from $150.00 to $153.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Argus raised DTE Energy to a “strong-buy” rating in a research note on Thursday, February 26th. Wall Street Zen lowered DTE Energy from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Finally, Citigroup upped their price objective on DTE Energy from $158.00 to $168.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, DTE Energy presently has an average rating of “Moderate Buy” and a consensus target price of $152.17.

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.