Freestone Grove Partners LP Purchases New Holdings in DTE Energy Company $DTE

Posted by Francis Steltz on Aug 27th, 2026

Freestone Grove Partners LP purchased a new position in shares of DTE Energy Company (NYSE:DTE – Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 360,720 shares of the utilities provider’s stock, valued at approximately $54,963,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Caisse de depot et placement du Quebec bought a new position in DTE Energy in the 2nd quarter valued at $1,222,000. Gallagher Fiduciary Advisors LLC bought a new stake in shares of DTE Energy during the 2nd quarter worth $624,000. Pointe Capital Management LLC bought a new stake in shares of DTE Energy during the 2nd quarter worth $279,000. Odyssean LLC bought a new stake in shares of DTE Energy during the 2nd quarter worth $1,546,000. Finally, Man Group plc purchased a new position in shares of DTE Energy in the 2nd quarter worth about $5,169,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.

DTE Energy Price Performance

DTE opened at $137.61 on Thursday. The company has a market capitalization of $28.64 billion, a price-to-earnings ratio of 21.77, a PEG ratio of 2.96 and a beta of 0.38. The company has a quick ratio of 0.53, a current ratio of 0.80 and a debt-to-equity ratio of 2.13. The firm has a 50-day moving average price of $145.44 and a 200-day moving average price of $145.36. DTE Energy Company has a twelve month low of $126.23 and a twelve month high of $155.74.

DTE Energy (NYSE:DTE – Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.18. The company had revenue of $6.74 billion for the quarter, compared to analyst estimates of $3.36 billion. DTE Energy had a net margin of 8.00% and a return on equity of 12.19%. During the same quarter in the previous year, the firm posted $1.36 earnings per share. Equities analysts expect that DTE Energy Company will post 7.71 EPS for the current year.

DTE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Monday, September 21st will be issued a dividend of $1.165 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a $4.66 dividend on an annualized basis and a yield of 3.4%. DTE Energy’s payout ratio is presently 73.73%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on DTE shares. Morgan Stanley reduced their price target on shares of DTE Energy from $153.00 to $148.00 and set an “overweight” rating for the company in a research report on Friday, August 21st. JPMorgan Chase & Co. boosted their target price on shares of DTE Energy from $155.00 to $162.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Mizuho reduced their target price on shares of DTE Energy from $165.00 to $164.00 and set an “outperform” rating for the company in a research report on Wednesday, July 29th. Truist Financial decreased their price target on shares of DTE Energy from $166.00 to $160.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. Finally, Jefferies Financial Group set a $172.00 price target on shares of DTE Energy in a report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $158.46.

Check Out Our Latest Analysis on DTE

About DTE Energy

(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.