Ascent Group LLC Has $1.21 Million Stock Holdings in DTE Energy Company $DTE

Ascent Group LLC cut its stake in DTE Energy Company (NYSE:DTE) by 37.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,568 shares of the utilities provider’s stock after selling 5,109 shares during the period. Ascent Group LLC’s holdings in DTE Energy were worth $1,212,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Quintet Private Bank Europe S.A. acquired a new position in DTE Energy in the second quarter valued at approximately $25,000. Global Wealth Strategies & Associates acquired a new stake in shares of DTE Energy during the 3rd quarter worth about $28,000. Capital A Wealth Management LLC grew its stake in shares of DTE Energy by 5,775.0% in the second quarter. Capital A Wealth Management LLC now owns 235 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 231 shares in the last quarter. Cary Street Partners Investment Advisory LLC bought a new position in DTE Energy in the 2nd quarter valued at about $32,000. Finally, Beacon Capital Management Inc. bought a new position in shares of DTE Energy in the second quarter worth about $34,000. Institutional investors own 76.06% of the company’s stock.

DTE Energy Trading Down 0.5%

DTE Energy stock opened at $129.14 on Friday. DTE Energy Company has a 12 month low of $116.30 and a 12 month high of $143.79. The company has a current ratio of 1.15, a quick ratio of 0.68 and a debt-to-equity ratio of 2.01. The business’s fifty day simple moving average is $133.66 and its two-hundred day simple moving average is $135.94. The company has a market capitalization of $26.82 billion, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 2.53 and a beta of 0.49.

DTE Energy (NYSE:DTE) last announced its quarterly earnings results on Thursday, October 30th. The utilities provider reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.15. DTE Energy had a net margin of 9.34% and a return on equity of 12.63%. The company had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.23 billion. During the same quarter last year, the firm earned $2.22 earnings per share. DTE Energy has set its FY 2025 guidance at 7.090-7.230 EPS and its FY 2026 guidance at 7.590-7.730 EPS. As a group, equities analysts predict that DTE Energy Company will post 7.18 earnings per share for the current fiscal year.

DTE Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 15th will be issued a dividend of $1.165 per share. This is an increase from DTE Energy’s previous quarterly dividend of $1.09. This represents a $4.66 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Monday, December 15th. DTE Energy’s dividend payout ratio is currently 69.97%.

Analysts Set New Price Targets

DTE has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of DTE Energy in a research note on Wednesday, October 8th. Barclays upped their price objective on DTE Energy from $138.00 to $148.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 14th. Jefferies Financial Group upgraded DTE Energy from a “hold” rating to a “buy” rating and upped their price target for the company from $149.00 to $150.00 in a research report on Thursday, December 11th. Wall Street Zen downgraded shares of DTE Energy from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. Finally, Wells Fargo & Company upgraded shares of DTE Energy to a “strong-buy” rating in a research report on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $148.33.

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.