Russell Investments Group Ltd. Sells 13,804 Shares of DTE Energy Company $DTE

Russell Investments Group Ltd. decreased its position in shares of DTE Energy Company (NYSE:DTE) by 7.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 180,819 shares of the utilities provider’s stock after selling 13,804 shares during the period. Russell Investments Group Ltd.’s holdings in DTE Energy were worth $25,571,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DTE. Clean Yield Group acquired a new stake in shares of DTE Energy in the 3rd quarter valued at $28,000. Global Wealth Strategies & Associates bought a new stake in shares of DTE Energy during the 3rd quarter worth $28,000. Cloud Capital Management LLC bought a new stake in shares of DTE Energy during the 3rd quarter worth $28,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in DTE Energy in the third quarter valued at about $31,000. Finally, Capital A Wealth Management LLC boosted its stake in DTE Energy by 5,775.0% in the second quarter. Capital A Wealth Management LLC now owns 235 shares of the utilities provider’s stock valued at $31,000 after buying an additional 231 shares in the last quarter. 76.06% of the stock is currently owned by institutional investors.

DTE Energy Trading Up 0.8%

Shares of DTE stock opened at $147.67 on Friday. DTE Energy Company has a 1-year low of $123.69 and a 1-year high of $154.63. The company has a current ratio of 0.80, a quick ratio of 0.55 and a debt-to-equity ratio of 1.93. The stock has a market cap of $30.68 billion, a price-to-earnings ratio of 21.03, a PEG ratio of 2.69 and a beta of 0.47. The stock has a 50-day moving average of $139.26 and a 200-day moving average of $137.12.

DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Tuesday, February 17th. The utilities provider reported $1.65 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $3.39 billion. During the same period in the previous year, the firm earned $1.51 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. On average, equities research analysts forecast that DTE Energy Company will post 7.18 earnings per share for the current year.

DTE Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.2%. DTE Energy’s payout ratio is 66.38%.

Wall Street Analyst Weigh In

DTE has been the subject of several research analyst reports. Morgan Stanley reissued an “overweight” rating and set a $153.00 target price on shares of DTE Energy in a research note on Friday, February 20th. Barclays reduced their price target on shares of DTE Energy from $148.00 to $141.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 15th. JPMorgan Chase & Co. decreased their price target on shares of DTE Energy from $151.00 to $145.00 and set a “neutral” rating on the stock in a report on Thursday, December 11th. Wells Fargo & Company dropped their price objective on shares of DTE Energy from $157.00 to $152.00 and set an “overweight” rating for the company in a research note on Tuesday, January 20th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of DTE Energy in a research report on Wednesday, January 21st. 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 stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.