Energy Income Partners LLC Increases Stock Holdings in DTE Energy Company $DTE

Energy Income Partners LLC increased its stake in shares of DTE Energy Company (NYSE:DTEFree Report) by 2.5% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 582,435 shares of the utilities provider’s stock after acquiring an additional 14,028 shares during the quarter. DTE Energy accounts for 1.4% of Energy Income Partners LLC’s portfolio, making the stock its 26th biggest position. Energy Income Partners LLC’s holdings in DTE Energy were worth $85,164,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Oregon Public Employees Retirement Fund lifted its stake in DTE Energy by 0.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 23,807 shares of the utilities provider’s stock valued at $3,481,000 after acquiring an additional 71 shares in the last quarter. Whittier Trust Co. boosted its holdings in DTE Energy by 3.5% during the 1st quarter. Whittier Trust Co. now owns 2,220 shares of the utilities provider’s stock worth $328,000 after acquiring an additional 75 shares during the last quarter. Segment Wealth Management LLC grew its stake in shares of DTE Energy by 4.6% in the 4th quarter. Segment Wealth Management LLC now owns 1,744 shares of the utilities provider’s stock worth $225,000 after acquiring an additional 76 shares in the last quarter. Prosperity Consulting Group LLC grew its stake in shares of DTE Energy by 1.2% in the 1st quarter. Prosperity Consulting Group LLC now owns 6,342 shares of the utilities provider’s stock worth $927,000 after acquiring an additional 76 shares in the last quarter. Finally, HM Payson & Co. raised its holdings in shares of DTE Energy by 23.6% in the fourth quarter. HM Payson & Co. now owns 419 shares of the utilities provider’s stock valued at $54,000 after purchasing an additional 80 shares during the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at DTE Energy

In other news, VP Lisa A. Muschong sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $143.72, for a total transaction of $143,720.00. Following the completion of the sale, the vice president owned 6,233 shares in the company, valued at $895,806.76. This trade represents a 13.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.60% of the stock is owned by corporate insiders.

DTE Energy Trading Down 1.7%

Shares of DTE Energy stock opened at $146.98 on Tuesday. The firm has a market cap of $30.58 billion, a PE ratio of 24.21, a P/E/G ratio of 3.26 and a beta of 0.38. DTE Energy Company has a 1 year low of $126.23 and a 1 year high of $155.74. 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 stock has a fifty day moving average price of $147.64 and a 200-day moving average price of $144.49.

DTE Energy (NYSE:DTEGet Free Report) last posted its quarterly 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). The company had revenue of $5.14 billion for the quarter, compared to the consensus estimate 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 previous year, the company posted $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. Equities research analysts anticipate that DTE Energy Company will post 7.71 EPS for the current year.

DTE Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Monday, September 21st will be given a dividend of $1.165 per share. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Monday, September 21st. DTE Energy’s dividend payout ratio is currently 76.77%.

Analysts Set New Price Targets

A number of research firms recently weighed in on DTE. Barclays dropped 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 report on Monday, May 4th. Jefferies Financial Group set a $172.00 price objective on shares of DTE Energy in a research report on Thursday, July 9th. Mizuho set a $165.00 price objective on shares of DTE Energy in a research note on Friday, May 1st. Wall Street Zen cut shares of DTE Energy from a “hold” rating to a “sell” rating in a research report on Sunday, May 3rd. Finally, Bank of America restated a “buy” rating on shares of DTE Energy in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $158.38.

View Our Latest Analysis on DTE

DTE Energy Company 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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