Reaves W H & Co. Inc. Has $53.85 Million Stock Position in DTE Energy Company $DTE

Reaves W H & Co. Inc. reduced its position in DTE Energy Company (NYSE:DTE) by 28.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 417,526 shares of the utilities provider’s stock after selling 169,168 shares during the period. DTE Energy accounts for approximately 0.9% of Reaves W H & Co. Inc.’s investment portfolio, making the stock its 29th largest holding. Reaves W H & Co. Inc.’s holdings in DTE Energy were worth $53,853,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in DTE. Vanguard Group Inc. increased its stake in shares of DTE Energy by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 26,305,533 shares of the utilities provider’s stock valued at $3,392,888,000 after buying an additional 766,499 shares during the period. Millennium Management LLC increased its stake in shares of DTE Energy by 810.6% in the 3rd quarter. Millennium Management LLC now owns 833,595 shares of the utilities provider’s stock valued at $117,895,000 after buying an additional 742,056 shares during the period. Raymond James Financial Inc. increased its stake in shares of DTE Energy by 176.5% in the 2nd quarter. Raymond James Financial Inc. now owns 1,015,208 shares of the utilities provider’s stock valued at $134,474,000 after buying an additional 648,007 shares during the period. Ameriprise Financial Inc. increased its stake in shares of DTE Energy by 12.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 5,571,081 shares of the utilities provider’s stock valued at $788,004,000 after buying an additional 602,602 shares during the period. Finally, Capital World Investors increased its stake in shares of DTE Energy by 5.9% in the 3rd quarter. Capital World Investors now owns 9,851,237 shares of the utilities provider’s stock valued at $1,393,260,000 after buying an additional 552,346 shares during the period. 76.06% of the stock is owned by institutional investors and hedge funds.

DTE Energy News Summary

Here are the key news stories impacting DTE Energy this week:

• Positive Sentiment: DTE Energy and LG Energy Solution Vertech announced a supply agreement for 6 GWh of battery energy storage systems across eight Michigan projects, a major step that could improve grid reliability and expand DTE’s clean-energy footprint. Article Title
• Positive Sentiment: Multiple reports highlighted DTE’s $1.6 billion battery storage investment in Michigan, which could strengthen its infrastructure and position the utility to benefit from rising electricity demand. Article Title
• Positive Sentiment: Coverage also noted that data center demand, including OpenAI’s power needs, is increasing long-term growth opportunities for DTE as utilities with grid capacity and generation assets become more valuable. Article Title
• Neutral Sentiment: Analysts also pointed to DTE as a beneficiary of broader clean-energy and wind-power adoption, but this is more of an industry tailwind than a company-specific catalyst. Article Title
• Neutral Sentiment: Several local and market reports echoed the same battery-storage theme, reinforcing investor interest but adding little new beyond the initial partnership and spending announcement. Article Title

DTE Energy Stock Down 0.0%

NYSE:DTE opened at $142.82 on Monday. DTE Energy Company has a 12-month low of $126.23 and a 12-month high of $154.63. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 2.04. The firm has a market capitalization of $29.71 billion, a P/E ratio of 23.53, a P/E/G ratio of 3.12 and a beta of 0.39. The stock’s fifty day simple moving average is $145.27 and its 200-day simple moving average is $139.85.

DTE Energy (NYSE:DTE) last posted its quarterly 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). 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 during the quarter, compared to the consensus estimate 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. Equities research analysts expect that DTE Energy Company will post 7.71 earnings per share for the current year.

DTE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 22nd will be issued a dividend of $1.165 per share. The ex-dividend date is Monday, June 22nd. This represents a $4.66 annualized dividend and a yield of 3.3%. DTE Energy’s payout ratio is currently 76.77%.

Analysts Set New Price Targets

DTE has been the subject of several research reports. Weiss Ratings raised DTE Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 22nd. JPMorgan Chase & Co. reduced their price target on DTE Energy from $160.00 to $155.00 and set a “neutral” rating on the stock in a research report on Thursday, May 14th. Jefferies Financial Group restated a “buy” rating and issued a $170.00 price target on shares of DTE Energy in a research report on Wednesday, April 8th. Truist Financial reduced their price target on DTE Energy from $165.00 to $158.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $160.00 price target on shares of DTE Energy in a research report on Tuesday, April 21st. One equities research 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $156.25.

Insiders Place Their Bets

In other DTE Energy 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 directly owned 6,233 shares in the company, valued at approximately $895,806.76. The trade was a 13.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.60% of the company’s stock.

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.