DTE Energy Company $DTE Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC increased its holdings in shares of DTE Energy Company (NYSE:DTE) by 17.5% during the first quarter, HoldingsChannel reports. The institutional investor owned 23,036 shares of the utilities provider’s stock after acquiring an additional 3,428 shares during the period. Sequoia Financial Advisors LLC’s holdings in DTE Energy were worth $3,368,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Laurel Wealth Advisors LLC purchased a new stake in DTE Energy in the 4th quarter worth $25,000. Key Financial Inc purchased a new position in DTE Energy during the first quarter valued at $29,000. Torren Management LLC purchased a new position in DTE Energy during the fourth quarter valued at $26,000. Quest 10 Wealth Builders Inc. grew its position in shares of DTE Energy by 754.2% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 205 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 181 shares during the period. Finally, Elyxium Wealth LLC acquired a new stake in shares of DTE Energy in the fourth quarter valued at about $29,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

Insider Activity at DTE Energy

In other news, VP Lisa A. Muschong sold 1,000 shares of DTE Energy 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 transaction, the vice president owned 6,233 shares in the company, valued at $895,806.76. The trade was a 13.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

DTE has been the subject of several research analyst reports. Morgan Stanley restated an “overweight” rating and set a $150.00 price target on shares of DTE Energy in a research report on Wednesday, June 24th. Truist Financial lowered their price objective on DTE Energy from $165.00 to $158.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Wall Street Zen cut DTE Energy from a “hold” rating to a “sell” rating in a report on Sunday, May 3rd. Wells Fargo & Company reiterated an “overweight” rating and set a $165.00 price objective on shares of DTE Energy in a research note on Monday, June 15th. Finally, Jefferies Financial Group set a $172.00 target price on DTE Energy in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $158.15.

DTE Energy Trading Up 0.2%

Shares of DTE Energy stock opened at $150.62 on Tuesday. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.95 and a quick ratio of 0.69. The stock’s 50 day simple moving average is $146.52 and its 200-day simple moving average is $143.20. The stock has a market cap of $31.33 billion, a P/E ratio of 24.81, a P/E/G ratio of 3.28 and a beta of 0.38. DTE Energy Company has a 1-year low of $126.23 and a 1-year high of $155.74.

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

DTE Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Monday, September 21st will be paid a $1.165 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.1%. DTE Energy’s dividend payout ratio (DPR) is 76.77%.

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.