7,952 Shares in DTE Energy Company $DTE Purchased by AXQ Capital LP

AXQ Capital LP purchased a new position in DTE Energy Company (NYSE:DTE) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 7,952 shares of the utilities provider’s stock, valued at approximately $1,026,000.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in DTE Energy by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 26,305,533 shares of the utilities provider’s stock worth $3,392,888,000 after purchasing an additional 766,499 shares during the last quarter. State Street Corp increased its position in DTE Energy by 2.3% in the third quarter. State Street Corp now owns 10,806,278 shares of the utilities provider’s stock worth $1,540,000,000 after purchasing an additional 247,747 shares during the last quarter. Capital World Investors increased its position in DTE Energy by 5.9% in the third quarter. Capital World Investors now owns 9,851,237 shares of the utilities provider’s stock worth $1,393,260,000 after purchasing an additional 552,346 shares during the last quarter. Geode Capital Management LLC increased its position in DTE Energy by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 5,592,670 shares of the utilities provider’s stock worth $718,668,000 after purchasing an additional 117,322 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in DTE Energy by 12.1% during the third quarter. Ameriprise Financial Inc. now owns 5,571,081 shares of the utilities provider’s stock worth $788,004,000 after buying an additional 602,602 shares during the period. 76.06% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Lisa A. Muschong sold 1,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $143.72, for a total transaction of $143,720.00. Following the transaction, the vice president owned 6,233 shares in the company, valued at $895,806.76. This represents a 13.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.60% of the stock is currently owned by company insiders.

DTE Energy Stock Performance

Shares of DTE Energy stock opened at $142.62 on Wednesday. The company has a market capitalization of $29.67 billion, a PE ratio of 23.50, a P/E/G ratio of 3.05 and a beta of 0.39. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.69 and a current ratio of 0.95. The company has a 50-day simple moving average of $145.12 and a two-hundred day simple moving average of $139.85. DTE Energy Company has a one year low of $126.23 and a one year high of $154.63.

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

DTE Energy Dividend Announcement

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

Analyst Ratings Changes

Several research firms have commented on DTE. Truist Financial dropped their price objective on shares of DTE Energy from $165.00 to $158.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Mizuho set a $165.00 price objective on shares of DTE Energy in a research note on Friday, May 1st. JPMorgan Chase & Co. dropped their price objective on shares of DTE Energy from $160.00 to $155.00 and set a “neutral” rating for the company in a research note on Thursday, May 14th. Jefferies Financial Group reaffirmed a “buy” rating and set a $170.00 price objective on shares of DTE Energy in a research note on Wednesday, April 8th. Finally, Barclays lowered their target price on shares of 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. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, DTE Energy has a consensus rating of “Moderate Buy” and a consensus price target of $156.25.

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.