Deprince Race & Zollo Inc. Sells 15,782 Shares of DTE Energy Company $DTE

Deprince Race & Zollo Inc. decreased its holdings in shares of DTE Energy Company (NYSE:DTEFree Report) by 7.8% during the first quarter, HoldingsChannel reports. The firm owned 187,521 shares of the utilities provider’s stock after selling 15,782 shares during the period. Deprince Race & Zollo Inc.’s holdings in DTE Energy were worth $27,419,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Laurel Wealth Advisors LLC purchased a new stake in shares of DTE Energy during the fourth quarter valued at about $25,000. Key Financial Inc acquired a new stake in DTE Energy during the 1st quarter worth about $29,000. Torren Management LLC acquired a new stake in shares of DTE Energy during the fourth quarter worth about $26,000. Quest 10 Wealth Builders Inc. grew its position in DTE Energy by 754.2% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 205 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 181 shares during the period. Finally, Elyxium Wealth LLC purchased a new position in shares of DTE Energy during the 4th quarter valued at approximately $29,000. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on DTE. Wall Street Zen cut shares of DTE Energy from a “hold” rating to a “sell” rating in a research note on Sunday, May 3rd. Wells Fargo & Company reissued an “overweight” rating and issued a $165.00 price objective on shares of DTE Energy in a research note on Monday, June 15th. Barclays dropped their target price on DTE Energy from $156.00 to $154.00 and set an “equal weight” rating on the stock in a report on Monday, May 4th. Bank of America reissued a “buy” rating on shares of DTE Energy in a research report on Wednesday, April 22nd. Finally, BMO Capital Markets cut their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, DTE Energy has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

Check Out Our Latest Research Report on DTE Energy

Insider Buying and Selling at DTE Energy

In related news, VP Lisa A. Muschong sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $143.72, for a total transaction of $143,720.00. Following the transaction, the vice president owned 6,233 shares of the company’s stock, valued at approximately $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 the SEC website. 0.60% of the stock is currently owned by corporate insiders.

DTE Energy Stock Performance

Shares of DTE stock opened at $150.87 on Thursday. DTE Energy Company has a 1 year low of $126.23 and a 1 year high of $155.06. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.69 and a current ratio of 0.95. The stock has a fifty day moving average price of $145.74 and a 200 day moving average price of $141.91. The stock has a market cap of $31.39 billion, a PE ratio of 24.86, a P/E/G ratio of 3.33 and a beta of 0.38.

DTE Energy (NYSE:DTEGet Free Report) last issued its quarterly earnings data on Thursday, April 30th. The utilities provider reported $1.95 EPS for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.03). The business had revenue of $5.14 billion during the quarter, compared to analyst estimates of $4.37 billion. DTE Energy had a net margin of 7.65% and a return on equity of 12.37%. During the same period in the previous year, the company posted $2.10 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. Sell-side analysts forecast that DTE Energy Company will post 7.71 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Monday, September 21st will be paid 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 dividend yield of 3.1%. DTE Energy’s dividend payout ratio (DPR) is presently 76.77%.

DTE Energy Profile

(Free Report)

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.

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Institutional Ownership by Quarter for DTE Energy (NYSE:DTE)

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