Janney Montgomery Scott LLC Sells 7,215 Shares of DTE Energy Company $DTE

Janney Montgomery Scott LLC cut its holdings in DTE Energy Company (NYSE:DTE) by 13.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 45,715 shares of the utilities provider’s stock after selling 7,215 shares during the period. Janney Montgomery Scott LLC’s holdings in DTE Energy were worth $6,684,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of DTE. Laurel Wealth Advisors LLC acquired a new stake in DTE Energy in the 4th quarter worth about $25,000. Quest 10 Wealth Builders Inc. grew 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 purchasing an additional 181 shares in the last quarter. Torren Management LLC bought a new position in shares of DTE Energy during the fourth quarter worth approximately $26,000. Elyxium Wealth LLC bought a new position in shares of DTE Energy during the fourth quarter worth approximately $29,000. Finally, Asset Dedication LLC raised its position 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 valued at $32,000 after buying an additional 107 shares in the last quarter. 76.06% of the stock is owned by institutional investors.

Insider Activity

In other news, VP Lisa A. Muschong sold 1,000 shares of the business’s stock in a transaction 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 completion of the transaction, the vice president 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.60% of the company’s stock.

DTE Energy Stock Performance

Shares of DTE Energy stock opened at $153.90 on Friday. 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 company has a market cap 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. The company has a 50 day moving average of $146.15 and a 200-day moving average of $142.16. DTE Energy Company has a 1-year low of $126.23 and a 1-year high of $155.06.

DTE Energy (NYSE:DTE) last announced its quarterly earnings data on Thursday, April 30th. The utilities provider reported $1.95 earnings per share (EPS) 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 firm had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $4.37 billion. During the same period last year, the business earned $2.10 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, equities research analysts forecast that DTE Energy Company will post 7.71 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

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

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. BMO Capital Markets lowered their price objective on DTE Energy from $157.00 to $148.00 and set a “market perform” rating on the stock in a research note on Thursday, March 26th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $165.00 price objective on shares of DTE Energy in a report on Monday, June 15th. Mizuho set a $165.00 target price on DTE Energy in a research report on Friday, May 1st. Finally, Barclays reduced their target price on DTE Energy from $156.00 to $154.00 and set an “equal weight” rating on the stock in a report on Monday, May 4th. One investment 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. According to MarketBeat.com, DTE Energy has a consensus rating of “Moderate Buy” and an average target price of $157.00.

DTE Energy 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.