Capital Research Global Investors lifted its stake in DTE Energy Company (NYSE:DTE – Free Report) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,447,948 shares of the utilities provider’s stock after acquiring an additional 379,443 shares during the quarter. Capital Research Global Investors owned approximately 0.06% of DTE Energy worth $1,605,539,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of DTE. Laurel Wealth Advisors LLC bought a new stake in DTE Energy during the fourth quarter worth about $25,000. Quest 10 Wealth Builders Inc. raised its holdings in 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 DTE Energy during the fourth quarter worth about $26,000. Elyxium Wealth LLC bought a new stake in DTE Energy during the fourth quarter worth about $29,000. Finally, Asset Dedication LLC raised its holdings in DTE Energy by 88.4% during the third quarter. Asset Dedication LLC now owns 228 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 107 shares in the last quarter. Institutional investors own 76.06% of the company’s stock.
Insider Activity at DTE Energy
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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.60% of the company’s stock.
DTE Energy Price Performance
DTE Energy (NYSE:DTE – Get Free Report) last posted its earnings results 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 during the quarter, compared to analyst estimates of $4.37 billion. During the same period in the previous year, the company posted $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. On average, analysts predict that DTE Energy Company will post 7.71 EPS for the current year.
DTE Energy Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 22nd will be given a $1.165 dividend. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $4.66 annualized dividend and a dividend yield of 3.2%. DTE Energy’s dividend payout ratio is presently 76.77%.
Analyst Upgrades and Downgrades
DTE has been the topic of several analyst reports. Wall Street Zen lowered DTE Energy from a “hold” rating to a “sell” rating in a report on Sunday, May 3rd. JPMorgan Chase & Co. dropped their target price on DTE Energy from $160.00 to $155.00 and set a “neutral” rating on the stock in a report on Thursday, May 14th. Bank of America reiterated a “buy” rating on shares of DTE Energy in a report on Wednesday, April 22nd. Truist Financial dropped their target price on DTE Energy from $165.00 to $158.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Finally, Weiss Ratings upgraded DTE Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $156.25.
Check Out Our Latest Stock Report on DTE Energy
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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