Sequoia Financial Advisors LLC increased its stake in DTE Energy Company (NYSE:DTE – Free Report) by 17.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,036 shares of the utilities provider’s stock after purchasing an additional 3,428 shares during the period. Sequoia Financial Advisors LLC’s holdings in DTE Energy were worth $3,368,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of DTE Energy by 3.0% in 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 during the last quarter. Capital Research Global Investors grew its holdings in shares of DTE Energy by 3.1% during the fourth quarter. Capital Research Global Investors now owns 12,447,948 shares of the utilities provider’s stock valued at $1,605,539,000 after buying an additional 379,443 shares during the last quarter. State Street Corp grew its holdings in shares of DTE Energy by 2.5% during the fourth quarter. State Street Corp now owns 11,078,346 shares of the utilities provider’s stock valued at $1,441,776,000 after buying an additional 272,068 shares during the last quarter. Geode Capital Management LLC increased its position in shares of DTE Energy by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 5,592,670 shares of the utilities provider’s stock valued at $718,668,000 after acquiring an additional 117,322 shares during the period. Finally, Janus Henderson Group PLC increased its position in shares of DTE Energy by 2.2% in the 4th quarter. Janus Henderson Group PLC now owns 3,044,198 shares of the utilities provider’s stock valued at $392,641,000 after acquiring an additional 65,080 shares during the period. Hedge funds and other institutional investors own 76.06% of the company’s stock.
Wall Street Analyst Weigh In
DTE has been the subject of a number of research reports. Barclays lowered their price target on DTE Energy from $156.00 to $154.00 and set an “equal weight” rating for the company in a research report on Monday, May 4th. TD Cowen initiated coverage on DTE Energy in a report on Tuesday, July 7th. They issued a “hold” rating and a $166.00 price objective on the stock. Truist Financial reduced their price objective on DTE Energy from $165.00 to $158.00 and set a “buy” rating for the company in a research note on Monday, May 18th. BMO Capital Markets decreased their target price on DTE Energy from $154.00 to $152.00 and set a “market perform” rating for the company in a report on Monday. Finally, Bank of America reiterated a “buy” rating on shares of DTE Energy in a research report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $158.15.
Insider Buying and Selling at DTE Energy
In other news, VP Lisa A. Muschong sold 1,000 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $143.72, for a total transaction of $143,720.00. Following the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.60% of the company’s stock.
DTE Energy Trading Up 0.2%
DTE Energy stock opened at $150.62 on Tuesday. The firm has a market cap of $31.33 billion, a PE ratio of 24.81, a P/E/G ratio of 3.28 and a beta of 0.38. DTE Energy Company has a 12 month low of $126.23 and a 12 month high of $155.74. The stock’s 50 day simple moving average is $146.52 and its two-hundred day simple moving average is $143.20. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 2.04.
DTE Energy (NYSE:DTE – Get Free Report) last posted its earnings results on Thursday, April 30th. The utilities provider reported $1.95 earnings per share 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 for the quarter, compared to analysts’ expectations of $4.37 billion. During the same period last year, the firm earned $2.10 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. Analysts anticipate that DTE Energy Company will post 7.71 earnings per share for the current year.
DTE Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Monday, September 21st will be given a $1.165 dividend. The ex-dividend date is Monday, September 21st. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.1%. DTE Energy’s dividend payout ratio is 76.77%.
DTE Energy 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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