Panagora Asset Management Inc. lessened its holdings in DTE Energy Company (NYSE:DTE – Free Report) by 32.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 803,129 shares of the utilities provider’s stock after selling 386,908 shares during the quarter. Panagora Asset Management Inc.’s holdings in DTE Energy were worth $103,588,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Laurel Wealth Advisors LLC purchased a new stake in shares of DTE Energy during the 4th quarter worth $25,000. Quest 10 Wealth Builders Inc. raised its stake in DTE Energy by 754.2% during the 4th 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 acquired a new stake in DTE Energy during the 4th quarter worth $26,000. Elyxium Wealth LLC acquired a new stake in DTE Energy during the 4th quarter worth $29,000. Finally, Asset Dedication LLC raised its stake in DTE Energy by 88.4% during the 3rd 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. Hedge funds and other institutional investors own 76.06% of the company’s stock.
Insider Buying and Selling
In other DTE Energy 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 transaction, the vice president directly owned 6,233 shares in the company, valued at approximately $895,806.76. The trade was a 13.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.60% of the company’s stock.
DTE Energy Trading Down 0.0%
DTE Energy (NYSE:DTE – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The utilities provider reported $1.95 EPS for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.03). The business had revenue of $5.14 billion during 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 quarter in the prior year, the firm posted $2.10 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. Analysts expect that DTE Energy Company will post 7.71 earnings per share for the current year.
DTE Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 22nd will be paid a $1.165 dividend. The ex-dividend date is Monday, June 22nd. This represents a $4.66 dividend on an annualized basis and a yield of 3.2%. DTE Energy’s payout ratio is currently 76.77%.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the stock. Wall Street Zen lowered shares of DTE Energy from a “hold” rating to a “sell” rating in a research note on Sunday, May 3rd. Citigroup lifted their price target on shares of DTE Energy from $158.00 to $168.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Barclays cut their price target on shares of 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. BMO Capital Markets cut their price target on shares of DTE Energy from $157.00 to $148.00 and set a “market perform” rating on the stock in a research note on Thursday, March 26th. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $160.00 price objective on shares of DTE Energy in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, DTE Energy currently has an average rating of “Moderate Buy” and a consensus target price of $156.25.
Get Our Latest Stock Report on DTE Energy
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.
Featured Stories
- Five stocks we like better than DTE Energy
- 3 ETFs Giving Ready-Made Access to the Discounted International Small-Cap Space
- What to Expect From Q2 Earnings as Tech Strength Broadens
- Viasat’s Orbiting Profits: Space Force Jackpot?
- Robinhood Wants a Bigger Role in IPOs—Here’s Why It Matters
Want to see what other hedge funds are holding DTE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DTE Energy Company (NYSE:DTE – Free Report).
Receive News & Ratings for DTE Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DTE Energy and related companies with MarketBeat.com's FREE daily email newsletter.
