Xponance Inc. Reduces Stock Holdings in DTE Energy Company $DTE

Xponance Inc. lowered its holdings in shares of DTE Energy Company (NYSE:DTE) by 12.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,411 shares of the utilities provider’s stock after selling 4,401 shares during the quarter. Xponance Inc.’s holdings in DTE Energy were worth $4,584,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in DTE Energy by 4.2% during the second quarter. Vanguard Group Inc. now owns 25,964,872 shares of the utilities provider’s stock valued at $3,439,307,000 after buying an additional 1,042,589 shares during the period. Raymond James Financial Inc. boosted its stake in shares of DTE Energy by 176.5% during the 2nd quarter. Raymond James Financial Inc. now owns 1,015,208 shares of the utilities provider’s stock worth $134,474,000 after acquiring an additional 648,007 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of DTE Energy by 22.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,256,284 shares of the utilities provider’s stock worth $177,676,000 after acquiring an additional 226,647 shares during the last quarter. State Street Corp grew its position in shares of DTE Energy by 2.2% during the 2nd quarter. State Street Corp now owns 10,558,531 shares of the utilities provider’s stock valued at $1,409,833,000 after acquiring an additional 222,353 shares during the period. Finally, Panagora Asset Management Inc. grew its position in shares of DTE Energy by 18.8% during the 2nd quarter. Panagora Asset Management Inc. now owns 1,186,434 shares of the utilities provider’s stock valued at $157,155,000 after acquiring an additional 187,875 shares during the period. Institutional investors own 76.06% of the company’s stock.

DTE Energy Stock Performance

Shares of NYSE DTE opened at $148.01 on Monday. The company has a market cap of $30.76 billion, a P/E ratio of 21.08, a P/E/G ratio of 2.72 and a beta of 0.47. DTE Energy Company has a 52-week low of $123.69 and a 52-week high of $154.63. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.55 and a current ratio of 0.80. The firm’s fifty day moving average is $135.76 and its two-hundred day moving average is $136.52.

DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Tuesday, February 17th. The utilities provider reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.13. The firm had revenue of $4.43 billion during the quarter, compared to analyst estimates of $3.39 billion. DTE Energy had a return on equity of 12.72% and a net margin of 9.24%.During the same quarter last year, the business posted $1.51 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, analysts anticipate that DTE Energy Company will post 7.18 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Monday, March 16th will be given a dividend of $1.165 per share. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Monday, March 16th. DTE Energy’s dividend payout ratio is currently 66.38%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DTE. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of DTE Energy in a research report on Wednesday, January 21st. UBS Group decreased their target price on shares of DTE Energy from $155.00 to $151.00 and set a “buy” rating on the stock in a research note on Wednesday, December 17th. Bank of America lifted their price target on shares of DTE Energy from $153.00 to $154.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Barclays dropped their price target on shares of DTE Energy from $148.00 to $141.00 and set an “equal weight” rating for the company in a research report on Thursday, January 15th. Finally, Wall Street Zen upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. Ten research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, DTE Energy presently has a consensus rating of “Moderate Buy” and an average price target of $151.31.

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.