The Manufacturers Life Insurance Company lessened its holdings in shares of DTE Energy Company (NYSE:DTE – Free Report) by 1.7% in the first quarter, HoldingsChannel.com reports. The firm owned 406,217 shares of the utilities provider’s stock after selling 7,093 shares during the period. The Manufacturers Life Insurance Company’s holdings in DTE Energy were worth $59,397,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Laurel Wealth Advisors LLC bought a new position in shares of DTE Energy in the fourth quarter valued at $25,000. Quest 10 Wealth Builders Inc. increased its position in shares of DTE Energy by 754.2% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 205 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 181 shares in the last quarter. Torren Management LLC bought a new stake in shares of DTE Energy during the fourth quarter worth about $26,000. Elyxium Wealth LLC acquired a new stake in shares of DTE Energy in the 4th quarter worth about $29,000. Finally, Key Financial Inc acquired a new stake in shares of DTE Energy in the 1st quarter worth about $29,000. Institutional investors and hedge funds own 76.06% of the company’s stock.
Analysts Set New Price Targets
DTE has been the topic of several recent research reports. Morgan Stanley reiterated an “overweight” rating on shares of DTE Energy in a research note on Wednesday, July 22nd. Jefferies Financial Group set a $172.00 price objective on DTE Energy in a research note on Thursday, July 9th. BMO Capital Markets increased their price objective on DTE Energy from $148.00 to $150.00 and gave the stock a “market perform” rating in a research note on Wednesday. Weiss Ratings upgraded DTE Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday. Finally, Wall Street Zen cut DTE Energy from a “hold” rating to a “sell” rating in a research report on Sunday, May 3rd. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, DTE Energy currently has an average rating of “Moderate Buy” and an average price target of $158.46.
DTE Energy Stock Performance
Shares of DTE stock opened at $143.44 on Thursday. 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 50-day moving average of $147.70 and a 200-day moving average of $144.71. DTE Energy Company has a one year low of $126.23 and a one year high of $155.74. The company has a market cap 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 (NYSE:DTE – Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.18. DTE Energy had a net margin of 8.00% and a return on equity of 12.16%. The business had revenue of $6.74 billion for the quarter, compared to analysts’ expectations of $3.36 billion. During the same period in the previous year, the company earned $1.36 earnings per share. Equities research analysts forecast that DTE Energy Company will post 7.71 EPS for the current fiscal year.
DTE Energy Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Monday, September 21st will be paid a $1.165 dividend. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Monday, September 21st. DTE Energy’s payout ratio is presently 76.77%.
Trending Headlines about DTE Energy
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
Insider Activity
In other news, VP Lisa A. Muschong sold 1,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the vice president directly owned 6,233 shares of the company’s stock, valued at $895,806.76. This represents a 13.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.60% of the stock is currently owned by corporate insiders.
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.
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