Ameritas Advisory Services LLC Buys 4,025 Shares of DTE Energy Company $DTE

Ameritas Advisory Services LLC grew its stake in shares of DTE Energy Company (NYSE:DTE) by 5,366.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 4,100 shares of the utilities provider’s stock after acquiring an additional 4,025 shares during the quarter. Ameritas Advisory Services LLC’s holdings in DTE Energy were worth $529,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of DTE Energy by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 26,305,533 shares of the utilities provider’s stock worth $3,392,888,000 after buying an additional 766,499 shares in the last quarter. State Street Corp grew its holdings in shares of DTE Energy by 2.3% during the third quarter. State Street Corp now owns 10,806,278 shares of the utilities provider’s stock worth $1,540,000,000 after purchasing an additional 247,747 shares during the last quarter. Capital World Investors grew its holdings in shares of DTE Energy by 5.9% during the third quarter. Capital World Investors now owns 9,851,237 shares of the utilities provider’s stock worth $1,393,260,000 after purchasing an additional 552,346 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of DTE Energy by 12.1% during the third quarter. Ameriprise Financial Inc. now owns 5,571,081 shares of the utilities provider’s stock worth $788,004,000 after purchasing an additional 602,602 shares during the last quarter. Finally, Boston Partners grew its holdings in shares of DTE Energy by 2.1% during the third quarter. Boston Partners now owns 2,556,911 shares of the utilities provider’s stock worth $361,625,000 after purchasing an additional 53,447 shares during the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

Analysts Set New Price Targets

DTE has been the subject of several recent research reports. Citigroup increased their price target on DTE Energy from $158.00 to $168.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Bank of America reaffirmed a “buy” rating on shares of DTE Energy in a research note on Wednesday, April 22nd. BMO Capital Markets decreased their target price on DTE Energy from $157.00 to $148.00 and set a “market perform” rating for the company in a research note on Thursday, March 26th. Jefferies Financial Group reissued a “buy” rating and issued a $170.00 price objective on shares of DTE Energy in a research note on Wednesday, April 8th. Finally, Truist Financial assumed coverage on DTE Energy in a report on Monday, April 20th. They issued a “buy” rating and a $165.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $157.58.

DTE Energy Stock Performance

NYSE:DTE opened at $139.92 on Friday. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.95 and a quick ratio of 0.69. The business has a fifty day simple moving average of $146.21 and a two-hundred day simple moving average of $139.33. DTE Energy Company has a 1 year low of $126.23 and a 1 year high of $154.63. The company has a market capitalization of $29.11 billion, a P/E ratio of 23.05, a P/E/G ratio of 3.05 and a beta of 0.41.

DTE Energy (NYSE:DTE) last released its earnings results on Thursday, April 30th. The utilities provider reported $1.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 prior year, the business earned $2.10 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. On average, analysts expect that DTE Energy Company will post 7.71 earnings per share for the current year.

DTE Energy Announces Dividend

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

Insider Buying and Selling 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 sale, the vice president directly owned 6,233 shares in the company, valued at $895,806.76. This represents a 13.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.60% of the stock is currently owned by corporate insiders.

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.