Lisa Muschong Sells 1,000 Shares of DTE Energy (NYSE:DTE) Stock

DTE Energy Company (NYSE:DTE) VP Lisa Muschong sold 1,000 shares of the company’s 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 completion of the transaction, 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 legal filing with the SEC, which is accessible through this link.

DTE Energy Stock Performance

DTE Energy stock opened at $139.92 on Friday. The firm has a market capitalization of $29.11 billion, a P/E ratio of 23.05, a PEG ratio of 3.05 and a beta of 0.41. The stock has a fifty day moving average price of $146.21 and a 200 day moving average price of $139.33. DTE Energy Company has a 52 week low of $126.23 and a 52 week high of $154.63. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 2.04.

DTE Energy (NYSE:DTE) last released its earnings results on Thursday, April 30th. The utilities provider reported $1.95 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.03). The business had revenue of $5.14 billion during the quarter, compared to analyst estimates of $4.37 billion. DTE Energy had a net margin of 7.65% and a return on equity of 12.37%. During the same quarter in the previous year, the company posted $2.10 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. Equities research analysts anticipate that DTE Energy Company will post 7.71 earnings per share for the current year.

DTE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, June 22nd will be paid a $1.165 dividend. This represents a $4.66 annualized dividend and a yield of 3.3%. The ex-dividend date is Monday, June 22nd. DTE Energy’s dividend payout ratio is presently 76.77%.

Wall Street Analysts Forecast Growth

DTE has been the subject of several research analyst reports. JPMorgan Chase & Co. dropped their price target on DTE Energy from $160.00 to $155.00 and set a “neutral” rating for the company in a research note on Thursday. Jefferies Financial Group restated a “buy” rating and set a $170.00 price target on shares of DTE Energy in a research note on Wednesday, April 8th. Wall Street Zen lowered DTE Energy from a “hold” rating to a “sell” rating in a research note on Sunday, May 3rd. Morgan Stanley dropped their price target on DTE Energy from $156.00 to $155.00 and set an “overweight” rating for the company in a research note on Tuesday, April 21st. Finally, Barclays dropped their price target on DTE Energy from $156.00 to $154.00 and set an “equal weight” rating for the company in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $157.58.

Institutional Investors Weigh In On DTE Energy

Several institutional investors and hedge funds have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund boosted its holdings in DTE Energy by 0.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 23,807 shares of the utilities provider’s stock valued at $3,481,000 after purchasing an additional 71 shares during the last quarter. Concurrent Investment Advisors LLC boosted its holdings in DTE Energy by 1.4% in the third quarter. Concurrent Investment Advisors LLC now owns 5,451 shares of the utilities provider’s stock valued at $771,000 after purchasing an additional 75 shares during the last quarter. Whittier Trust Co. boosted its holdings in DTE Energy by 3.5% in the first quarter. Whittier Trust Co. now owns 2,220 shares of the utilities provider’s stock valued at $328,000 after purchasing an additional 75 shares during the last quarter. Segment Wealth Management LLC boosted its holdings in DTE Energy by 4.6% in the fourth quarter. Segment Wealth Management LLC now owns 1,744 shares of the utilities provider’s stock valued at $225,000 after purchasing an additional 76 shares during the last quarter. Finally, Prosperity Consulting Group LLC boosted its holdings in DTE Energy by 1.2% in the first quarter. Prosperity Consulting Group LLC now owns 6,342 shares of the utilities provider’s stock valued at $927,000 after purchasing an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

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.