GSA Capital Partners LLP Buys Shares of 17,102 DTE Energy Company $DTE

GSA Capital Partners LLP bought a new stake in shares of DTE Energy Company (NYSE:DTE) in the 4th quarter, HoldingsChannel reports. The firm bought 17,102 shares of the utilities provider’s stock, valued at approximately $2,206,000.

Several other hedge funds have also bought and sold shares of DTE. Laurel Wealth Advisors LLC bought a new stake in DTE Energy during the fourth quarter valued at approximately $25,000. Quest 10 Wealth Builders Inc. lifted its position in DTE Energy by 754.2% during 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 last quarter. Torren Management LLC bought a new stake in DTE Energy during the fourth quarter valued at approximately $26,000. Cloud Capital Management LLC bought a new stake in DTE Energy during the third quarter valued at approximately $28,000. Finally, Elyxium Wealth LLC bought a new stake in DTE Energy during the fourth quarter valued at approximately $29,000. 76.06% of the stock is currently owned by institutional investors.

DTE Energy Trading Up 1.1%

Shares of DTE opened at $141.35 on Tuesday. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.69 and a current ratio of 0.95. DTE Energy Company has a fifty-two week low of $126.23 and a fifty-two week high of $154.63. The firm has a 50 day moving average price of $146.06 and a 200-day moving average price of $139.33. The firm has a market cap of $29.41 billion, a price-to-earnings ratio of 23.29, a PEG ratio of 3.05 and a beta of 0.41.

DTE Energy (NYSE:DTE) last issued its 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 return on equity of 12.37% and a net margin of 7.65%.The firm had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $4.37 billion. During the same period in the previous year, the firm 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 year.

DTE Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, June 22nd will be paid a $1.165 dividend. This represents a $4.66 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, June 22nd. DTE Energy’s payout ratio is presently 76.77%.

Insider Activity at DTE Energy

In related news, VP Lisa A. Muschong sold 1,000 shares of DTE Energy stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $143.72, for a total value of $143,720.00. Following the transaction, the vice president directly owned 6,233 shares of the company’s stock, valued at $895,806.76. The trade was a 13.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. dropped their target price on shares of DTE Energy from $160.00 to $155.00 and set a “neutral” rating for the company in a research report on Thursday, May 14th. Citigroup lifted their target price on shares of DTE Energy from $158.00 to $168.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. Wall Street Zen lowered shares of DTE Energy from a “hold” rating to a “sell” rating in a report on Sunday, May 3rd. Morgan Stanley lowered their price objective on shares of DTE Energy from $156.00 to $155.00 and set an “overweight” rating for the company in a report on Tuesday, April 21st. Finally, Mizuho set a $165.00 price objective on shares of DTE Energy in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, DTE Energy currently has an average rating of “Moderate Buy” and a consensus target price of $157.00.

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.