Money Concepts Capital Corp Makes New Investment in DTE Energy Company $DTE

Money Concepts Capital Corp purchased a new stake in shares of DTE Energy Company (NYSE:DTE) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,792 shares of the utilities provider’s stock, valued at approximately $701,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Millennium Management LLC lifted its holdings in shares of DTE Energy by 227.4% in the 4th quarter. Millennium Management LLC now owns 2,729,226 shares of the utilities provider’s stock worth $352,016,000 after acquiring an additional 1,895,631 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in DTE Energy in the 4th quarter valued at approximately $139,423,000. Cohen & Steers Inc. purchased a new stake in DTE Energy in the fourth quarter valued at approximately $125,604,000. Vanguard Group Inc. raised its position in DTE Energy by 3.0% in 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 purchasing an additional 766,499 shares during the period. Finally, Raymond James Financial Inc. raised its position in DTE Energy by 176.5% in the second quarter. Raymond James Financial Inc. now owns 1,015,208 shares of the utilities provider’s stock valued at $134,474,000 after purchasing an additional 648,007 shares during the period. 76.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on DTE. Wells Fargo & Company restated an “overweight” rating and set a $165.00 price target on shares of DTE Energy in a research report on Monday, June 15th. TD Cowen initiated coverage on DTE Energy in a report on Tuesday. They issued a “hold” rating and a $166.00 price objective on the stock. Truist Financial decreased their target price on DTE Energy from $165.00 to $158.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Bank of America restated a “buy” rating on shares of DTE Energy in a report on Wednesday, April 22nd. Finally, Jefferies Financial Group set a $172.00 target price on DTE Energy in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $157.85.

DTE Energy Stock Up 0.8%

NYSE:DTE traded up $1.14 during mid-day trading on Friday, hitting $150.41. The stock had a trading volume of 1,222,039 shares, compared to its average volume of 1,242,894. The stock has a 50-day simple moving average of $146.54 and a two-hundred day simple moving average of $142.94. The company has a market capitalization of $31.29 billion, a PE ratio of 24.78, a PEG ratio of 3.28 and a beta of 0.38. DTE Energy Company has a twelve month low of $126.23 and a twelve month high of $155.74. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 2.04.

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). The firm had revenue of $5.14 billion for the quarter, compared to analyst estimates of $4.37 billion. DTE Energy had a return on equity of 12.37% and a net margin of 7.65%.During the same quarter last year, the firm earned $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. On average, equities research analysts anticipate that DTE Energy Company will post 7.71 EPS for the current year.

DTE Energy Dividend Announcement

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

Insider Transactions at DTE Energy

In other news, VP Lisa A. Muschong sold 1,000 shares of the company’s stock in a transaction dated 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 directly owned 6,233 shares of the company’s stock, valued at approximately $895,806.76. This represents a 13.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.60% of the stock is owned by company insiders.

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.