Swiss National Bank Buys 40,700 Shares of DTE Energy Company $DTE

Swiss National Bank grew its position in shares of DTE Energy Company (NYSE:DTE) by 7.2% in the first quarter, HoldingsChannel reports. The firm owned 609,500 shares of the utilities provider’s stock after buying an additional 40,700 shares during the quarter. Swiss National Bank’s holdings in DTE Energy were worth $89,121,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Millennium Management LLC grew its holdings in DTE Energy by 227.4% during the 4th quarter. Millennium Management LLC now owns 2,729,226 shares of the utilities provider’s stock valued at $352,016,000 after buying an additional 1,895,631 shares in the last quarter. Balyasny Asset Management L.P. bought a new position in shares of DTE Energy during the 4th quarter valued at approximately $139,423,000. Cohen & Steers Inc. purchased a new position in shares of DTE Energy in the fourth quarter valued at $125,604,000. Vanguard Group Inc. grew its holdings in shares of DTE Energy by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 26,305,533 shares of the utilities provider’s stock valued at $3,392,888,000 after purchasing an additional 766,499 shares in the last quarter. Finally, Raymond James Financial Inc. increased its position in DTE Energy by 176.5% in the second quarter. Raymond James Financial Inc. now owns 1,015,208 shares of the utilities provider’s stock worth $134,474,000 after purchasing an additional 648,007 shares during the last quarter. 76.06% of the stock is owned by institutional investors.

DTE Energy Price Performance

Shares of DTE stock opened at $145.91 on Tuesday. The company has a market capitalization of $30.35 billion, a P/E ratio of 24.04, a P/E/G ratio of 3.24 and a beta of 0.38. The company’s 50-day simple moving average is $147.07 and its two-hundred day simple moving average is $143.85. DTE Energy Company has a one year low of $126.23 and a one year high of $155.74. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.95 and a quick ratio of 0.69.

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). 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 quarter in the prior year, the company posted $2.10 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, equities analysts anticipate that DTE Energy Company will post 7.71 EPS for the current year.

DTE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Monday, September 21st will be given a $1.165 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.2%. DTE Energy’s payout ratio is presently 76.77%.

Insider Activity

In other DTE Energy news, VP Lisa A. Muschong sold 1,000 shares of DTE Energy stock in a transaction 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 transaction, the vice president directly owned 6,233 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of DTE Energy from a “hold” rating to a “sell” rating in a report on Sunday, May 3rd. Truist Financial dropped their price target on DTE Energy from $165.00 to $158.00 and set a “buy” rating for the company in a research report on Monday, May 18th. Wells Fargo & Company reiterated an “overweight” rating and issued a $165.00 price target on shares of DTE Energy in a research report on Monday, June 15th. TD Cowen began coverage on DTE Energy in a research note on Tuesday, July 7th. They set a “hold” rating and a $166.00 price objective on the stock. Finally, Bank of America restated a “buy” rating on shares of DTE Energy in a research report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $158.69.

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.