Wealthfront Advisers LLC Increases Stake in DTE Energy Company $DTE

Wealthfront Advisers LLC grew its position in shares of DTE Energy Company (NYSE:DTE) by 21.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,392 shares of the utilities provider’s stock after buying an additional 5,977 shares during the quarter. Wealthfront Advisers LLC’s holdings in DTE Energy were worth $4,883,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Laurel Wealth Advisors LLC bought a new stake in shares of DTE Energy in the fourth quarter worth approximately $25,000. Key Financial Inc bought a new stake in DTE Energy during the first quarter valued at about $29,000. Torren Management LLC bought a new position in shares of DTE Energy during the 4th quarter valued at approximately $26,000. Quest 10 Wealth Builders Inc. boosted 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 worth $26,000 after purchasing an additional 181 shares during the period. Finally, Elyxium Wealth LLC purchased a new stake in DTE Energy in the 4th quarter worth $29,000. 76.06% of the stock is currently owned by institutional investors.

Insider Activity at DTE Energy

In related news, VP Lisa A. Muschong sold 1,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the vice president directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. BMO Capital Markets cut their price objective on shares of DTE Energy from $154.00 to $152.00 and set a “market perform” rating for the company in a report on Monday, July 13th. Barclays dropped their price target on DTE Energy from $156.00 to $154.00 and set an “equal weight” rating for the company in a research report on Monday, May 4th. Wells Fargo & Company reiterated an “overweight” rating and set a $165.00 price objective on shares of DTE Energy in a research report on Monday, June 15th. Wall Street Zen cut DTE Energy from a “hold” rating to a “sell” rating in a research note on Sunday, May 3rd. Finally, Weiss Ratings cut shares of DTE Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.69.

DTE Energy Trading Down 0.5%

Shares of NYSE:DTE opened at $148.12 on Friday. The company has a market capitalization of $30.81 billion, a PE ratio of 24.40, a P/E/G ratio of 3.24 and a beta of 0.38. 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 business’s fifty day simple moving average is $147.00 and its 200-day simple moving average is $143.64. DTE Energy Company has a 12-month low of $126.23 and a 12-month high of $155.74.

DTE Energy (NYSE:DTE) last released 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). The firm had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $4.37 billion. DTE Energy had a net margin of 7.65% and a return on equity of 12.37%. During the same period in the previous year, the company posted $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 predict that DTE Energy Company will post 7.71 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Monday, September 21st will be given a dividend of $1.165 per share. This represents a $4.66 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Monday, September 21st. DTE Energy’s dividend payout ratio is currently 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.