Pinnacle Associates Ltd. Has $1.73 Million Stake in DTE Energy Company $DTE

Pinnacle Associates Ltd. increased its stake in shares of DTE Energy Company (NYSE:DTE) by 112.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,228 shares of the utilities provider’s stock after buying an additional 6,470 shares during the quarter. Pinnacle Associates Ltd.’s holdings in DTE Energy were worth $1,729,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in DTE. Vanguard Group Inc. raised its holdings in DTE Energy by 4.2% in the 2nd quarter. Vanguard Group Inc. now owns 25,964,872 shares of the utilities provider’s stock valued at $3,439,307,000 after acquiring an additional 1,042,589 shares in the last quarter. Raymond James Financial Inc. grew its holdings 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 purchasing an additional 648,007 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of DTE Energy by 22.0% in the third quarter. JPMorgan Chase & Co. now owns 1,256,284 shares of the utilities provider’s stock worth $177,676,000 after purchasing an additional 226,647 shares during the period. State Street Corp raised its stake in DTE Energy by 2.2% in the second quarter. State Street Corp now owns 10,558,531 shares of the utilities provider’s stock valued at $1,409,833,000 after purchasing an additional 222,353 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its stake in DTE Energy by 18.8% in the second quarter. Panagora Asset Management Inc. now owns 1,186,434 shares of the utilities provider’s stock valued at $157,155,000 after purchasing an additional 187,875 shares in the last quarter. Institutional investors own 76.06% of the company’s stock.

DTE Energy Stock Performance

NYSE DTE opened at $146.50 on Thursday. The firm’s fifty day moving average price is $138.89 and its two-hundred day moving average price is $137.05. The stock has a market cap of $30.44 billion, a PE ratio of 20.87, a PEG ratio of 2.71 and a beta of 0.47. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.55 and a current ratio of 0.80. DTE Energy Company has a fifty-two week low of $123.69 and a fifty-two week high of $154.63.

DTE Energy (NYSE:DTE) last announced its quarterly earnings results on Tuesday, February 17th. The utilities provider reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.13. DTE Energy had a return on equity of 12.72% and a net margin of 9.24%.The company had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $3.39 billion. During the same period in the prior year, the company earned $1.51 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. On average, equities analysts expect that DTE Energy Company will post 7.18 EPS for the current fiscal year.

DTE Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 16th will be given a $1.165 dividend. The ex-dividend date is Monday, March 16th. This represents a $4.66 annualized dividend and a yield of 3.2%. DTE Energy’s dividend payout ratio (DPR) is currently 66.38%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on DTE shares. Mizuho increased their price objective on shares of DTE Energy from $144.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 18th. Citigroup boosted their target price on shares of DTE Energy from $158.00 to $168.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. Wall Street Zen downgraded shares of DTE Energy from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. BMO Capital Markets reiterated a “market perform” rating and set a $157.00 price target on shares of DTE Energy in a research report on Thursday, February 19th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $153.00 price objective on shares of DTE Energy in a research note on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, DTE Energy currently has an average rating of “Moderate Buy” and an average price target of $151.31.

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.