Jennison Associates LLC Sells 7,506 Shares of DTE Energy Company $DTE

Jennison Associates LLC decreased its stake in shares of DTE Energy Company (NYSE:DTE) by 2.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 347,792 shares of the utilities provider’s stock after selling 7,506 shares during the period. Jennison Associates LLC’s holdings in DTE Energy were worth $50,854,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Oregon Public Employees Retirement Fund raised its position in DTE Energy by 0.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 23,807 shares of the utilities provider’s stock valued at $3,481,000 after buying an additional 71 shares during the last quarter. Whittier Trust Co. boosted its holdings in DTE Energy by 3.5% during the 1st quarter. Whittier Trust Co. now owns 2,220 shares of the utilities provider’s stock worth $328,000 after acquiring an additional 75 shares during the last quarter. Segment Wealth Management LLC boosted its holdings in DTE Energy by 4.6% during the 4th quarter. Segment Wealth Management LLC now owns 1,744 shares of the utilities provider’s stock worth $225,000 after acquiring an additional 76 shares during the last quarter. Prosperity Consulting Group LLC grew its stake in shares of DTE Energy by 1.2% in the 1st quarter. Prosperity Consulting Group LLC now owns 6,342 shares of the utilities provider’s stock worth $927,000 after acquiring an additional 76 shares in the last quarter. Finally, HM Payson & Co. grew its stake in shares of DTE Energy by 23.6% in the 4th quarter. HM Payson & Co. now owns 419 shares of the utilities provider’s stock worth $54,000 after acquiring an additional 80 shares in the last quarter. Institutional investors own 76.06% of the company’s stock.

Insider Buying and Selling at DTE Energy

In other news, VP Lisa A. Muschong sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $143.72, for a total value of $143,720.00. Following the sale, the vice president owned 6,233 shares of the company’s stock, valued at $895,806.76. The trade was a 13.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.60% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on DTE. Weiss Ratings lowered shares of DTE Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. JPMorgan Chase & Co. boosted their price target on shares of DTE Energy from $155.00 to $162.00 and gave the stock a “neutral” rating in a report on Thursday. TD Cowen began coverage on shares of DTE Energy in a research report on Tuesday, July 7th. They issued a “hold” rating and a $166.00 price objective for the company. Morgan Stanley reiterated an “overweight” rating and issued a $150.00 price objective on shares of DTE Energy in a research note on Wednesday, June 24th. Finally, BMO Capital Markets dropped their target price on shares of DTE Energy from $154.00 to $152.00 and set a “market perform” rating on the stock in a research report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $158.69.

DTE Energy Stock Down 0.0%

Shares of NYSE DTE opened at $148.12 on Monday. 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 stock has a market capitalization of $30.81 billion, a PE ratio of 24.40, a P/E/G ratio of 3.24 and a beta of 0.38. DTE Energy Company has a one year low of $126.23 and a one year high of $155.74. The business’s fifty day moving average price is $147.00 and its 200-day moving average price is $143.74.

DTE Energy (NYSE:DTE) last announced its quarterly earnings data 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). DTE Energy had a return on equity of 12.37% and a net margin of 7.65%.The firm had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $4.37 billion. During the same period last year, the business posted $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. On average, equities research analysts anticipate that DTE Energy Company will post 7.71 EPS for the current year.

DTE Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Monday, September 21st will be paid a $1.165 dividend. The ex-dividend date is Monday, September 21st. This represents a $4.66 annualized dividend and a dividend yield of 3.1%. DTE Energy’s dividend payout ratio (DPR) is presently 76.77%.

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.