DTE Energy Company $DTE Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC reduced its stake in DTE Energy Company (NYSE:DTE) by 18.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 74,530 shares of the utilities provider’s stock after selling 16,739 shares during the quarter. HighTower Advisors LLC’s holdings in DTE Energy were worth $9,613,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in DTE. Empowered Funds LLC increased its stake in DTE Energy by 200.7% during the 1st quarter. Empowered Funds LLC now owns 9,909 shares of the utilities provider’s stock worth $1,370,000 after buying an additional 6,614 shares during the period. Woodline Partners LP increased its stake in DTE Energy by 40.8% during the 1st quarter. Woodline Partners LP now owns 17,509 shares of the utilities provider’s stock worth $2,421,000 after buying an additional 5,072 shares during the period. Intech Investment Management LLC increased its stake in DTE Energy by 6.5% during the 1st quarter. Intech Investment Management LLC now owns 12,687 shares of the utilities provider’s stock worth $1,754,000 after buying an additional 773 shares during the period. Sivia Capital Partners LLC purchased a new stake in DTE Energy during the 2nd quarter worth approximately $203,000. Finally, Jump Financial LLC increased its stake in DTE Energy by 154.5% during the 2nd quarter. Jump Financial LLC now owns 12,677 shares of the utilities provider’s stock worth $1,679,000 after buying an additional 7,696 shares during the period. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at DTE Energy

In other DTE Energy news, VP Lisa A. Muschong sold 1,000 shares of the firm’s stock in a transaction 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 transaction, the vice president directly owned 6,233 shares of the company’s stock, valued at approximately $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 the SEC website. Insiders own 0.60% of the company’s stock.

DTE Energy Price Performance

Shares of NYSE:DTE opened at $145.30 on Tuesday. The company’s fifty day moving average price is $145.65 and its 200 day moving average price is $139.62. DTE Energy Company has a 12 month low of $126.23 and a 12 month high of $154.63. 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 firm has a market capitalization of $30.23 billion, a P/E ratio of 23.94, a P/E/G ratio of 3.17 and a beta of 0.41.

DTE Energy (NYSE:DTE) last announced its quarterly 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). DTE Energy had a return on equity of 12.37% and a net margin of 7.65%.The company had revenue of $5.14 billion for the quarter, compared to analyst estimates of $4.37 billion. During the same quarter in the prior year, the business earned $2.10 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, sell-side analysts predict that DTE Energy Company will post 7.71 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

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 given a dividend of $1.165 per share. This represents a $4.66 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Monday, June 22nd. DTE Energy’s dividend payout ratio (DPR) is presently 76.77%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company reaffirmed an “overweight” rating and set a $160.00 target price on shares of DTE Energy in a research note on Tuesday, April 21st. Barclays cut their target price 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 target price 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. Weiss Ratings raised shares of DTE Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday. Finally, Mizuho set a $165.00 price objective on shares of DTE Energy in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.25.

About DTE Energy

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.