Legal & General Group Plc Has $178.24 Million Stock Holdings in DTE Energy Company $DTE

Legal & General Group Plc cut its holdings in DTE Energy Company (NYSE:DTE) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,381,945 shares of the utilities provider’s stock after selling 15,842 shares during the quarter. Legal & General Group Plc’s holdings in DTE Energy were worth $178,243,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at DTE Energy

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

DTE Energy Price Performance

DTE Energy stock opened at $145.22 on Thursday. The firm has a market capitalization of $30.21 billion, a P/E ratio of 23.92, a PEG ratio of 3.16 and a beta of 0.41. DTE Energy Company has a 1 year low of $126.23 and a 1 year high of $154.63. The business has a 50-day moving average of $145.47 and a 200-day moving average of $139.77. 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) last posted its earnings results on Thursday, April 30th. The utilities provider reported $1.95 earnings per share (EPS) 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 analyst estimates of $4.37 billion. DTE Energy had a return on equity of 12.37% and a net margin of 7.65%.During the same quarter in the previous year, the firm posted $2.10 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. On average, equities analysts anticipate that DTE Energy Company will post 7.71 EPS for the current year.

DTE Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 22nd will be issued a dividend of $1.165 per share. This represents a $4.66 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Monday, June 22nd. DTE Energy’s payout ratio is 76.77%.

Analyst Ratings Changes

DTE has been the subject of a number of research reports. Barclays lowered their target price on DTE Energy from $156.00 to $154.00 and set an “equal weight” rating for the company in a research note on Monday, May 4th. Weiss Ratings upgraded DTE Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 22nd. Truist Financial decreased their price target on DTE Energy from $165.00 to $158.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Wells Fargo & Company reiterated an “overweight” rating and issued a $160.00 price target on shares of DTE Energy in a report on Tuesday, April 21st. Finally, Citigroup raised their price target on DTE Energy from $158.00 to $168.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $156.25.

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.