Empirical Financial Services LLC d.b.a. Empirical Wealth Management Makes New Investment in DTE Energy Company $DTE

Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in DTE Energy Company (NYSE:DTE) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,960 shares of the utilities provider’s stock, valued at approximately $511,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Clean Yield Group purchased a new stake in shares of DTE Energy during the 3rd quarter worth approximately $28,000. Global Wealth Strategies & Associates purchased a new position in DTE Energy in the third quarter valued at approximately $28,000. Cloud Capital Management LLC purchased a new position in DTE Energy in the third quarter valued at approximately $28,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in DTE Energy during the third quarter valued at $31,000. Finally, Asset Dedication LLC grew its holdings in DTE Energy by 88.4% during the third quarter. Asset Dedication LLC now owns 228 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 107 shares during the period. 76.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DTE. Jefferies Financial Group boosted their target price on DTE Energy from $150.00 to $153.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Mizuho increased their price target on DTE Energy from $144.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 18th. Wells Fargo & Company decreased their price objective on DTE Energy from $157.00 to $152.00 and set an “overweight” rating for the company in a report on Tuesday, January 20th. BMO Capital Markets lowered their price objective on DTE Energy from $157.00 to $148.00 and set a “market perform” rating on the stock in a research note on Thursday, March 26th. Finally, Argus raised shares of DTE Energy to a “strong-buy” rating in a report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $152.17.

DTE Energy Trading Down 0.0%

Shares of DTE Energy stock opened at $148.03 on Monday. The company’s 50-day moving average price is $143.59 and its 200-day moving average price is $138.24. The company has a current ratio of 0.80, a quick ratio of 0.55 and a debt-to-equity ratio of 1.93. DTE Energy Company has a 12-month low of $123.69 and a 12-month high of $154.63. The company has a market cap of $30.79 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 2.72 and a beta of 0.43.

DTE Energy (NYSE:DTE) last posted its earnings results on Tuesday, February 17th. The utilities provider reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.13. DTE Energy had a net margin of 9.24% and a return on equity of 12.72%. The business had revenue of $4.43 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same quarter in the prior year, the firm posted $1.51 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. On average, equities analysts expect that DTE Energy Company will post 7.18 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Monday, March 16th will be issued a $1.165 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $4.66 annualized dividend and a dividend yield of 3.1%. DTE Energy’s dividend payout ratio is presently 66.38%.

DTE Energy Company 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.