Friedenthal Financial Acquires Shares of 7,021 DTE Energy Company $DTE

Friedenthal Financial acquired a new position in DTE Energy Company (NYSE:DTE) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,021 shares of the utilities provider’s stock, valued at approximately $1,027,000.

Several other institutional investors and hedge funds have also recently modified their holdings of DTE. Vanguard Group Inc. increased its position in shares of DTE Energy by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 26,305,533 shares of the utilities provider’s stock valued at $3,392,888,000 after buying an additional 766,499 shares during the period. Capital Research Global Investors raised its stake in DTE Energy by 3.1% in the fourth quarter. Capital Research Global Investors now owns 12,447,948 shares of the utilities provider’s stock worth $1,605,539,000 after buying an additional 379,443 shares in the last quarter. State Street Corp lifted its holdings in DTE Energy by 2.5% in the fourth quarter. State Street Corp now owns 11,078,346 shares of the utilities provider’s stock worth $1,441,776,000 after buying an additional 272,068 shares during the period. Capital World Investors lifted its holdings in DTE Energy by 5.9% in the third quarter. Capital World Investors now owns 9,851,237 shares of the utilities provider’s stock worth $1,393,260,000 after buying an additional 552,346 shares during the period. Finally, Geode Capital Management LLC boosted its position in DTE Energy by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 5,592,670 shares of the utilities provider’s stock valued at $718,668,000 after acquiring an additional 117,322 shares in the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, VP Lisa A. Muschong sold 1,000 shares of the firm’s stock in a transaction that occurred 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 $895,806.76. This trade represents a 13.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

DTE has been the topic of a number of research analyst reports. Morgan Stanley reiterated an “overweight” rating and set a $150.00 target price on shares of DTE Energy in a report on Wednesday. Truist Financial lowered their target price on DTE Energy from $165.00 to $158.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Bank of America restated a “buy” rating on shares of DTE Energy in a research report on Wednesday, April 22nd. Mizuho set a $165.00 price target on DTE Energy in a research note on Friday, May 1st. Finally, BMO Capital Markets decreased their price objective on DTE Energy from $157.00 to $148.00 and set a “market perform” rating for the company in a report on Thursday, March 26th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $157.00.

DTE Energy Trading Up 1.3%

NYSE:DTE opened at $151.18 on Thursday. The firm has a market capitalization of $31.45 billion, a P/E ratio of 24.91, a PEG ratio of 3.26 and a beta of 0.39. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.95 and a quick ratio of 0.69. DTE Energy Company has a one year low of $126.23 and a one year high of $154.63. The company’s 50-day simple moving average is $145.13 and its 200 day simple moving average is $141.11.

DTE Energy (NYSE:DTE) last announced its earnings results on Thursday, April 30th. The utilities provider reported $1.95 earnings per share 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 business had revenue of $5.14 billion for the quarter, compared to the consensus estimate 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. As a group, analysts forecast that DTE Energy Company will post 7.71 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors 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 3.1%. DTE Energy’s dividend payout ratio is presently 76.77%.

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.