Inceptionr LLC Purchases New Position in DTE Energy Company $DTE

Inceptionr LLC acquired a new stake in shares of DTE Energy Company (NYSE:DTE) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,344 shares of the utilities provider’s stock, valued at approximately $614,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Salomon & Ludwin LLC increased its stake in shares of DTE Energy by 29.8% in the third quarter. Salomon & Ludwin LLC now owns 305 shares of the utilities provider’s stock worth $43,000 after purchasing an additional 70 shares in the last quarter. SJS Investment Consulting Inc. boosted its position in shares of DTE Energy by 2.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 3,738 shares of the utilities provider’s stock valued at $529,000 after acquiring an additional 73 shares during the last quarter. Concurrent Investment Advisors LLC grew its stake in shares of DTE Energy by 1.4% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 5,451 shares of the utilities provider’s stock worth $771,000 after buying an additional 75 shares in the last quarter. D.A. Davidson & CO. lifted its stake in shares of DTE Energy by 1.6% in the 3rd quarter. D.A. Davidson & CO. now owns 4,871 shares of the utilities provider’s stock valued at $689,000 after purchasing an additional 78 shares during the last quarter. Finally, Keybank National Association OH boosted its stake in DTE Energy by 1.8% during the third quarter. Keybank National Association OH now owns 4,606 shares of the utilities provider’s stock worth $651,000 after buying an additional 81 shares during the period. Hedge funds and other institutional investors own 76.06% of the company’s stock.

DTE Energy Stock Down 0.7%

NYSE:DTE opened at $147.85 on Wednesday. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.80 and a quick ratio of 0.55. The company’s fifty day moving average price is $138.54 and its 200-day moving average price is $136.98. DTE Energy Company has a 1-year low of $123.69 and a 1-year high of $154.63. The firm has a market capitalization of $30.72 billion, a P/E ratio of 21.06, a PEG ratio of 2.74 and a beta of 0.47.

DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Tuesday, February 17th. The utilities provider reported $1.65 earnings per share (EPS) for the quarter, beating 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 return on equity of 12.72% and a net margin of 9.24%.During the same quarter in the previous year, the firm posted $1.51 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, equities research analysts anticipate that DTE Energy Company will post 7.18 EPS for the current year.

DTE Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on DTE shares. 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 research note on Wednesday, January 28th. Wells Fargo & Company lowered their price target on shares of DTE Energy from $157.00 to $152.00 and set an “overweight” rating on the stock in a report on Tuesday, January 20th. Weiss Ratings restated a “buy (b-)” rating on shares of DTE Energy in a research note on Wednesday, January 21st. Morgan Stanley reissued an “overweight” rating and set a $153.00 target price on shares of DTE Energy in a research report on Friday, February 20th. Finally, Barclays decreased their price target on shares of DTE Energy from $148.00 to $141.00 and set an “equal weight” rating for the company in a report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $151.31.

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.