Robeco Institutional Asset Management B.V. Sells 147,895 Shares of DTE Energy Company $DTE

Robeco Institutional Asset Management B.V. trimmed its position in DTE Energy Company (NYSE:DTEFree Report) by 65.7% in the 3rd quarter, Holdings Channel reports. The firm owned 77,225 shares of the utilities provider’s stock after selling 147,895 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in DTE Energy were worth $10,922,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DTE. Integrated Wealth Concepts LLC boosted its stake in DTE Energy by 14.8% during the first quarter. Integrated Wealth Concepts LLC now owns 4,981 shares of the utilities provider’s stock valued at $689,000 after buying an additional 641 shares during the period. Arete Wealth Advisors LLC purchased a new position in shares of DTE Energy during the first quarter worth about $201,000. Empowered Funds LLC increased its position in shares of DTE Energy by 200.7% in the first quarter. Empowered Funds LLC now owns 9,909 shares of the utilities provider’s stock worth $1,370,000 after purchasing an additional 6,614 shares during the last quarter. Woodline Partners LP raised its stake in DTE Energy by 40.8% in the first quarter. Woodline Partners LP now owns 17,509 shares of the utilities provider’s stock valued at $2,421,000 after purchasing an additional 5,072 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in DTE Energy by 2.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 792,339 shares of the utilities provider’s stock valued at $109,557,000 after purchasing an additional 15,207 shares during the last quarter. Institutional investors own 76.06% of the company’s stock.

DTE Energy Stock Performance

NYSE:DTE opened at $129.90 on Friday. The company has a quick ratio of 0.68, a current ratio of 1.15 and a debt-to-equity ratio of 2.01. The firm’s fifty day simple moving average is $132.49 and its 200 day simple moving average is $135.81. The stock has a market cap of $26.98 billion, a P/E ratio of 19.50, a price-to-earnings-growth ratio of 2.38 and a beta of 0.49. DTE Energy Company has a twelve month low of $116.30 and a twelve month high of $143.79.

DTE Energy (NYSE:DTEGet Free Report) last posted its earnings results on Thursday, October 30th. The utilities provider reported $2.25 EPS for the quarter, topping the consensus estimate of $2.10 by $0.15. The firm had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.23 billion. DTE Energy had a net margin of 9.34% and a return on equity of 12.63%. During the same period last year, the company posted $2.22 EPS. DTE Energy has set its FY 2025 guidance at 7.090-7.230 EPS and its FY 2026 guidance at 7.590-7.730 EPS. As a group, research analysts predict that DTE Energy Company will post 7.18 EPS for the current year.

DTE Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 15th will be issued a dividend of $1.165 per share. This is a positive change from DTE Energy’s previous quarterly dividend of $1.09. The ex-dividend date is Monday, December 15th. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.6%. DTE Energy’s dividend payout ratio (DPR) is currently 69.97%.

Analyst Ratings Changes

Several research firms have recently weighed in on DTE. JPMorgan Chase & Co. lowered their price objective on shares of DTE Energy from $151.00 to $145.00 and set a “neutral” rating on the stock in a research report on Thursday, December 11th. Bank of America lifted their price target on DTE Energy from $153.00 to $154.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. BMO Capital Markets reduced their price objective on DTE Energy from $151.00 to $148.00 and set a “market perform” rating on the stock in a research report on Wednesday, December 24th. Wall Street Zen raised DTE Energy from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Wells Fargo & Company raised DTE Energy to a “strong-buy” rating in a research note on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, DTE Energy presently has an average rating of “Moderate Buy” and an average target price of $148.33.

Read Our Latest Analysis on DTE Energy

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DTE Energy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for DTE Energy (NYSE:DTE)

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