Daiwa Securities Group Inc. Decreases Holdings in DTE Energy Company $DTE

Daiwa Securities Group Inc. cut its stake in shares of DTE Energy Company (NYSE:DTE) by 39.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 40,723 shares of the utilities provider’s stock after selling 26,704 shares during the period. Daiwa Securities Group Inc.’s holdings in DTE Energy were worth $5,252,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Laurel Wealth Advisors LLC purchased a new stake in DTE Energy during the 4th quarter valued at $25,000. Torren Management LLC purchased a new stake in shares of DTE Energy in the 4th quarter worth $26,000. Quest 10 Wealth Builders Inc. increased its stake in shares of DTE Energy by 754.2% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 205 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 181 shares in the last quarter. Elyxium Wealth LLC purchased a new stake in shares of DTE Energy in the 4th quarter worth $29,000. Finally, Asset Dedication LLC increased its stake in shares of DTE Energy by 88.4% in the 3rd quarter. Asset Dedication LLC now owns 228 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 107 shares in the last quarter. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

DTE Energy Trading Down 1.7%

Shares of DTE Energy stock opened at $143.23 on Tuesday. The company has a market capitalization of $29.80 billion, a P/E ratio of 23.60, a P/E/G ratio of 3.18 and a beta of 0.39. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.69 and a current ratio of 0.95. The company has a fifty day moving average of $145.15 and a 200 day moving average of $140.03. DTE Energy Company has a fifty-two week low of $126.23 and a fifty-two week high of $154.63.

DTE Energy (NYSE:DTE) last issued its 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 firm had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $4.37 billion. DTE Energy had a return on equity of 12.37% and a net margin of 7.65%.During the same period in the prior year, the company posted $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. On average, sell-side analysts anticipate that DTE Energy Company will post 7.71 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

The business also recently disclosed 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. This represents a $4.66 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, June 22nd. DTE Energy’s dividend payout ratio is 76.77%.

Insider Activity at DTE Energy

In other DTE Energy news, VP Lisa A. Muschong sold 1,000 shares of the stock in a transaction dated 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 transaction, the vice president owned 6,233 shares of the company’s stock, valued at $895,806.76. This represents a 13.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on DTE shares. Wall Street Zen lowered DTE Energy from a “hold” rating to a “sell” rating in a research note on Sunday, May 3rd. Truist Financial reduced their price objective on DTE Energy from $165.00 to $158.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Jefferies Financial Group restated a “buy” rating and issued a $170.00 price objective on shares of DTE Energy in a research note on Wednesday, April 8th. BMO Capital Markets reduced their price objective on DTE Energy from $157.00 to $148.00 and set a “market perform” rating for the company in a research note on Thursday, March 26th. Finally, Bank of America restated a “buy” rating on shares of DTE Energy in a research note on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently 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.