Renaissance Technologies LLC lessened its stake in DTE Energy Company (NYSE:DTE – Free Report) by 35.8% during the first quarter, HoldingsChannel reports. The institutional investor owned 176,300 shares of the utilities provider’s stock after selling 98,500 shares during the period. Renaissance Technologies LLC’s holdings in DTE Energy were worth $25,779,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in DTE. Empowered Funds LLC lifted its stake in shares of DTE Energy by 200.7% in the first quarter. Empowered Funds LLC now owns 9,909 shares of the utilities provider’s stock worth $1,370,000 after acquiring an additional 6,614 shares during the period. Woodline Partners LP increased its position in DTE Energy by 40.8% during the 1st quarter. Woodline Partners LP now owns 17,509 shares of the utilities provider’s stock valued at $2,421,000 after purchasing an additional 5,072 shares during the period. Intech Investment Management LLC raised its holdings in DTE Energy by 6.5% during the 1st quarter. Intech Investment Management LLC now owns 12,687 shares of the utilities provider’s stock worth $1,754,000 after purchasing an additional 773 shares during the last quarter. Sivia Capital Partners LLC bought a new position in DTE Energy during the 2nd quarter worth approximately $203,000. Finally, Jump Financial LLC lifted its position in shares of DTE Energy by 154.5% in the 2nd quarter. Jump Financial LLC now owns 12,677 shares of the utilities provider’s stock worth $1,679,000 after purchasing an additional 7,696 shares during the period. Institutional investors own 76.06% of the company’s stock.
DTE Energy Stock Performance
NYSE:DTE opened at $143.44 on Thursday. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 2.04. DTE Energy Company has a twelve month low of $126.23 and a twelve month high of $155.74. The company has a fifty day moving average of $147.70 and a 200-day moving average of $144.71. The firm has a market capitalization of $29.84 billion, a P/E ratio of 22.70, a P/E/G ratio of 3.19 and a beta of 0.38.
DTE Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Monday, September 21st will be given a dividend of $1.165 per share. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Monday, September 21st. DTE Energy’s dividend payout ratio is 76.77%.
Insider Activity at DTE Energy
In other news, VP Lisa A. Muschong sold 1,000 shares of the firm’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 completion of the sale, the vice president directly owned 6,233 shares in the company, valued at $895,806.76. This trade represents a 13.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.60% of the stock is currently owned by corporate insiders.
DTE Energy News Summary
Here are the key news stories impacting DTE Energy this week:
- Positive Sentiment: DTE reported second-quarter adjusted EPS of $1.32, exceeding the $1.14 analyst consensus, while revenue reached $6.74 billion. Stronger performance from its energy-trading business helped offset weaker electric and gas operations. DTE Energy tops quarterly profit estimates
- Positive Sentiment: Management reaffirmed its 2026 operating EPS guidance of $7.59 to $7.73 and outlined expected 6% to 8% annual operating EPS growth through 2030. The company also expects regulatory approval for a Google-related project in September, potentially supporting future demand and investment growth. DTE outlines long-term EPS growth
- Positive Sentiment: DTE invested more than $2.6 billion in its utilities during the first half of 2026, including over $900 million for electric reliability, and advanced a $1.6 billion battery-storage investment covering eight Michigan projects. These initiatives could strengthen the regulated asset base over time. DTE Energy second-quarter accomplishments
- Neutral Sentiment: BMO Capital Markets raised its price target from $148 to $150 but maintained a “market perform” rating, signaling modest potential upside without a strong bullish conviction.
- Neutral Sentiment: DTE issued a request for proposals for up to 800 megawatts of projects in MISO states, which could expand its clean-energy supply but also require substantial capital. DTE seeks 800 MW from MISO projects
- Negative Sentiment: Second-quarter operating EPS declined year over year to $1.32 from $1.36, despite the headline earnings beat. Investors may also be concerned that large reliability, storage and infrastructure investments could pressure near-term cash flow.
- Negative Sentiment: Political scrutiny over DTE-related campaign contributions and groups supporting Detroit-area races could increase regulatory and reputational risks. Political scrutiny of DTE contributions
- Negative Sentiment: Extended outages during the July 4 weekend remain an operational concern, even though DTE attributed them to rapidly developing storms. Reliability issues can contribute to higher costs and customer or regulatory pressure. DTE explains July 4 outages
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the stock. TD Cowen started coverage on shares of DTE Energy in a research report on Tuesday, July 7th. They set a “hold” rating and a $166.00 price objective for the company. JPMorgan Chase & Co. boosted their target price on shares of DTE Energy from $155.00 to $162.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. Mizuho decreased their price target on DTE Energy from $165.00 to $164.00 and set an “outperform” rating for the company in a report on Wednesday. Wall Street Zen lowered DTE Energy from a “hold” rating to a “sell” rating in a research report on Sunday, May 3rd. Finally, Barclays dropped their price objective on DTE Energy from $156.00 to $154.00 and set an “equal weight” rating on the stock in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, DTE Energy currently has a consensus rating of “Moderate Buy” and an average price target of $158.46.
Read Our Latest Stock Analysis on DTE
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.
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