DTE Energy Company $DTE Shares Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd increased its position in shares of DTE Energy Company (NYSE:DTEFree Report) by 538.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 37,101 shares of the utilities provider’s stock after buying an additional 31,293 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in DTE Energy were worth $5,425,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. First Trust Advisors LP grew its holdings in DTE Energy by 11.0% during the third quarter. First Trust Advisors LP now owns 805,251 shares of the utilities provider’s stock worth $113,887,000 after acquiring an additional 79,956 shares during the period. Quantitative Investment Management LLC acquired a new stake in DTE Energy in the 3rd quarter valued at about $1,348,000. Victory Capital Management Inc. lifted its holdings in DTE Energy by 1.3% in the 3rd quarter. Victory Capital Management Inc. now owns 362,270 shares of the utilities provider’s stock valued at $51,236,000 after acquiring an additional 4,590 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of DTE Energy by 58.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 65,555 shares of the utilities provider’s stock valued at $8,525,000 after purchasing an additional 24,071 shares in the last quarter. Finally, Nordea Investment Management AB boosted its position in shares of DTE Energy by 4.1% during the 4th quarter. Nordea Investment Management AB now owns 302,304 shares of the utilities provider’s stock valued at $39,091,000 after purchasing an additional 12,026 shares in the last quarter. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at DTE Energy

In related news, VP Lisa A. Muschong sold 1,000 shares of DTE Energy stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $143.72, for a total value of $143,720.00. Following the completion of the sale, the vice president owned 6,233 shares of the company’s stock, valued at approximately $895,806.76. The trade was a 13.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.60% of the company’s stock.

DTE Energy Price Performance

NYSE DTE opened at $153.90 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 firm has a market capitalization of $32.02 billion, a price-to-earnings ratio of 25.35, a price-to-earnings-growth ratio of 3.36 and a beta of 0.38. The company has a 50 day simple moving average of $146.15 and a 200-day simple moving average of $142.16. DTE Energy Company has a 52-week low of $126.23 and a 52-week high of $155.06.

DTE Energy (NYSE:DTEGet Free Report) last released its quarterly earnings data 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). The firm had revenue of $5.14 billion for 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 business posted $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. Equities research analysts predict 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. Stockholders of record on Monday, September 21st will be issued a dividend of $1.165 per share. The ex-dividend date is Monday, September 21st. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.0%. DTE Energy’s dividend payout ratio (DPR) is currently 76.77%.

Wall Street Analyst Weigh In

DTE has been the topic of several recent research reports. Bank of America restated a “buy” rating on shares of DTE Energy in a research report on Wednesday, April 22nd. Wells Fargo & Company reissued an “overweight” rating and set a $165.00 price objective on shares of DTE Energy in a research note on Monday, June 15th. Barclays decreased 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. Mizuho set a $165.00 target price on DTE Energy in a research report on Friday, May 1st. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $150.00 target price on shares of DTE Energy in a report on Wednesday, June 24th. One investment 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 stock. According to MarketBeat.com, DTE Energy currently has an average rating of “Moderate Buy” and a consensus target price of $157.00.

Read Our Latest Stock Analysis on DTE

About DTE Energy

(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.

Further Reading

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

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