RWC Asset Management LLP Has $8.74 Million Stock Position in DTE Energy Company $DTE

RWC Asset Management LLP lowered its position in shares of DTE Energy Company (NYSE:DTEFree Report) by 8.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 67,751 shares of the utilities provider’s stock after selling 5,887 shares during the quarter. RWC Asset Management LLP’s holdings in DTE Energy were worth $8,739,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of DTE. Vanguard Group Inc. lifted its holdings in shares of DTE Energy by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 26,305,533 shares of the utilities provider’s stock worth $3,392,888,000 after buying an additional 766,499 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of DTE Energy by 810.6% during the third quarter. Millennium Management LLC now owns 833,595 shares of the utilities provider’s stock worth $117,895,000 after buying an additional 742,056 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in shares of DTE Energy by 176.5% during the second quarter. Raymond James Financial Inc. now owns 1,015,208 shares of the utilities provider’s stock worth $134,474,000 after buying an additional 648,007 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of DTE Energy by 12.1% during the third quarter. Ameriprise Financial Inc. now owns 5,571,081 shares of the utilities provider’s stock worth $788,004,000 after buying an additional 602,602 shares in the last quarter. Finally, Capital World Investors lifted its holdings in shares of DTE Energy by 5.9% during the third quarter. Capital World Investors now owns 9,851,237 shares of the utilities provider’s stock worth $1,393,260,000 after buying an additional 552,346 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Stock Up 0.0%

Shares of NYSE DTE opened at $145.80 on Monday. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 2.04. The company has a market cap of $30.33 billion, a price-to-earnings ratio of 24.02, a PEG ratio of 3.18 and a beta of 0.39. DTE Energy Company has a 12 month low of $126.23 and a 12 month high of $154.63. The stock has a 50-day moving average price of $145.17 and a two-hundred day moving average price of $139.99.

DTE Energy (NYSE:DTEGet Free Report) last issued 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). The business had revenue of $5.14 billion for the quarter, compared to analyst estimates of $4.37 billion. DTE Energy had a return on equity of 12.37% and a net margin of 7.65%.During the same period in the previous year, the firm posted $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, analysts forecast that DTE Energy Company will post 7.71 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 22nd will be paid a dividend of $1.165 per share. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $4.66 annualized dividend and a yield of 3.2%. DTE Energy’s payout ratio is presently 76.77%.

Analyst Ratings Changes

DTE has been the subject of a number of research reports. Weiss Ratings raised DTE Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 22nd. JPMorgan Chase & Co. dropped their price target on DTE Energy from $160.00 to $155.00 and set a “neutral” rating for the company in a research note on Thursday, May 14th. BMO Capital Markets dropped 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. Jefferies Financial Group reaffirmed a “buy” rating and issued a $170.00 price target on shares of DTE Energy in a research note on Wednesday, April 8th. Finally, Argus raised DTE Energy to a “strong-buy” rating in a research note on Thursday, February 26th. One equities research 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 company. Based on data from MarketBeat, DTE Energy has a consensus rating of “Moderate Buy” and a consensus target price of $156.25.

Get Our Latest Stock Report on DTE Energy

Insider Buying and Selling

In other DTE Energy news, VP Lisa A. Muschong sold 1,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $143.72, for a total transaction of $143,720.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.60% of the company’s stock.

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.

Further Reading

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

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