Spartan Wealth Advisory Services LLC Purchases Shares of 20,839 DTE Energy Company $DTE

Spartan Wealth Advisory Services LLC purchased a new stake in shares of DTE Energy Company (NYSE:DTE) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 20,839 shares of the utilities provider’s stock, valued at approximately $3,047,000.

Several other institutional investors have also recently made changes to their positions in the business. FSA Advisors Inc. grew its position in DTE Energy by 84.9% during the first quarter. FSA Advisors Inc. now owns 12,478 shares of the utilities provider’s stock valued at $1,825,000 after buying an additional 5,731 shares during the period. Kera Capital Partners Inc. bought a new position in DTE Energy in the first quarter worth approximately $265,000. Assetmark Inc. boosted its stake in shares of DTE Energy by 433.2% during the 1st quarter. Assetmark Inc. now owns 25,490 shares of the utilities provider’s stock worth $3,727,000 after acquiring an additional 20,709 shares during the last quarter. Independent Financial Group LLC purchased a new position in shares of DTE Energy during the 1st quarter worth $214,000. Finally, Prosperity Consulting Group LLC grew its position in shares of DTE Energy by 1.2% during the 1st quarter. Prosperity Consulting Group LLC now owns 6,342 shares of the utilities provider’s stock valued at $927,000 after acquiring an additional 76 shares during the period. Institutional investors own 76.06% of the company’s stock.

Wall Street Analysts Forecast Growth

DTE has been the subject of several analyst reports. Truist Financial reduced their price objective on DTE Energy from $165.00 to $158.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Wells Fargo & Company reiterated an “overweight” rating and set a $165.00 target price on shares of DTE Energy in a research report on Monday, June 15th. Mizuho set a $165.00 price target on DTE Energy in a report on Friday, May 1st. Barclays reduced 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. Finally, BMO Capital Markets decreased their price objective on DTE Energy from $154.00 to $152.00 and set a “market perform” rating on the stock in a research note on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.69.

Insider Buying and Selling

In other news, VP Lisa A. Muschong sold 1,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $143.72, for a total value of $143,720.00. Following the transaction, the vice president directly owned 6,233 shares in the company, valued at $895,806.76. The trade was a 13.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

DTE Energy Stock Performance

Shares of NYSE DTE opened at $148.12 on Friday. The firm has a fifty day moving average price of $147.00 and a 200-day moving average price of $143.64. 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 stock has a market cap of $30.81 billion, a PE ratio of 24.40, a price-to-earnings-growth ratio of 3.24 and a beta of 0.38. DTE Energy Company has a 1 year low of $126.23 and a 1 year high of $155.74.

DTE Energy (NYSE:DTE) last announced its quarterly earnings data on Thursday, April 30th. The utilities provider reported $1.95 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.03). DTE Energy had a net margin of 7.65% and a return on equity of 12.37%. The firm had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $4.37 billion. During the same quarter in the previous year, the business earned $2.10 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. Equities analysts anticipate that DTE Energy Company will post 7.71 earnings per share for the current fiscal 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. The ex-dividend date of this dividend is Monday, September 21st. This represents a $4.66 dividend on an annualized basis and a yield of 3.1%. DTE Energy’s dividend payout ratio (DPR) is currently 76.77%.

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.