Havemeyer Place LP Takes Position in DTE Energy Company $DTE

Havemeyer Place LP purchased a new stake in shares of DTE Energy Company (NYSE:DTE) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,571 shares of the utilities provider’s stock, valued at approximately $848,000.

A number of other large investors also recently modified their holdings of the business. Laurel Wealth Advisors LLC bought a new position in DTE Energy during the fourth quarter valued at about $25,000. Torren Management LLC bought a new position in DTE Energy during the fourth quarter valued at about $26,000. Quest 10 Wealth Builders Inc. boosted its stake in DTE Energy by 754.2% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 205 shares of the utilities provider’s stock valued at $26,000 after buying an additional 181 shares in the last quarter. Elyxium Wealth LLC bought a new position in DTE Energy during the fourth quarter valued at about $29,000. Finally, Asset Dedication LLC boosted its stake in DTE Energy by 88.4% during the third quarter. Asset Dedication LLC now owns 228 shares of the utilities provider’s stock valued at $32,000 after buying an additional 107 shares in the last quarter. 76.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other DTE Energy news, VP Lisa A. Muschong sold 1,000 shares of the firm’s 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 completion of the sale, the vice president directly owned 6,233 shares in the company, valued at approximately $895,806.76. This trade represents a 13.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DTE. Truist Financial decreased their target price 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. JPMorgan Chase & Co. decreased their target price on DTE Energy from $160.00 to $155.00 and set a “neutral” rating for the company in a research note on Thursday, May 14th. Barclays decreased 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. BMO Capital Markets decreased their target price 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, Mizuho set a $165.00 target price on DTE Energy in a research note 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 given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $156.25.

DTE Energy Trading Down 1.7%

NYSE:DTE opened at $143.23 on Tuesday. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 2.04. DTE Energy Company has a 1-year low of $126.23 and a 1-year high of $154.63. The firm has a market capitalization of $29.80 billion, a price-to-earnings ratio of 23.60, a price-to-earnings-growth ratio of 3.18 and a beta of 0.39. The stock has a fifty day simple moving average of $145.15 and a 200 day simple moving average of $140.03.

DTE Energy (NYSE:DTE) last released its quarterly earnings results on Thursday, April 30th. The utilities provider reported $1.95 earnings per share for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.03). DTE Energy had a net margin of 7.65% and a return on equity of 12.37%. The company had revenue of $5.14 billion during the quarter, compared to analyst estimates of $4.37 billion. During the same quarter last year, the business earned $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. Sell-side analysts forecast that DTE Energy Company will post 7.71 earnings per share for the current 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. The ex-dividend date is Monday, June 22nd. This represents a $4.66 dividend on an annualized basis and a yield of 3.3%. DTE Energy’s dividend payout ratio (DPR) is presently 76.77%.

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.