Goldman Sachs Group Inc. Trims Stake in DTE Energy Company $DTE

Goldman Sachs Group Inc. lessened its position in DTE Energy Company (NYSE:DTE) by 1.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,120,231 shares of the utilities provider’s stock after selling 17,454 shares during the quarter. Goldman Sachs Group Inc.’s holdings in DTE Energy were worth $144,487,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in DTE. Vanguard Group Inc. lifted its stake 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. Millennium Management LLC raised its holdings in shares of DTE Energy by 810.6% in the third quarter. Millennium Management LLC now owns 833,595 shares of the utilities provider’s stock worth $117,895,000 after buying an additional 742,056 shares during the period. Raymond James Financial Inc. lifted its stake 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 acquiring an additional 648,007 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of DTE Energy by 12.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 5,571,081 shares of the utilities provider’s stock worth $788,004,000 after acquiring an additional 602,602 shares during the last quarter. Finally, Capital World Investors boosted its holdings in DTE Energy by 5.9% during the 3rd quarter. Capital World Investors now owns 9,851,237 shares of the utilities provider’s stock valued at $1,393,260,000 after acquiring an additional 552,346 shares during the period. 76.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. JPMorgan Chase & Co. cut their price objective on DTE Energy from $160.00 to $155.00 and set a “neutral” rating on the stock in a research report on Thursday, May 14th. Bank of America restated a “buy” rating on shares of DTE Energy in a report on Wednesday, April 22nd. BMO Capital Markets reduced their price target on shares of DTE Energy from $157.00 to $148.00 and set a “market perform” rating on the stock in a research note on Thursday, March 26th. Mizuho set a $165.00 price objective on shares of DTE Energy in a report on Friday, May 1st. Finally, Wall Street Zen cut shares of DTE Energy from a “hold” rating to a “sell” rating in a research report on Sunday, May 3rd. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, DTE Energy currently has an average rating of “Moderate Buy” and a consensus price target of $156.25.

Insider Buying and Selling at DTE Energy

In other news, VP Lisa A. Muschong sold 1,000 shares of the stock in a transaction that occurred on 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 directly owned 6,233 shares in the company, valued at approximately $895,806.76. This trade represents a 13.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.60% of the company’s stock.

DTE Energy Price Performance

DTE opened at $145.80 on Monday. DTE Energy Company has a 12-month low of $126.23 and a 12-month 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. The business’s fifty day simple moving average is $145.17 and its 200-day simple moving average is $139.99. The company has a market capitalization of $30.33 billion, a price-to-earnings ratio of 24.02, a PEG ratio of 3.18 and a beta of 0.39.

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

DTE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 22nd will be issued a $1.165 dividend. The ex-dividend date is Monday, June 22nd. This represents a $4.66 annualized dividend and a dividend yield of 3.2%. DTE Energy’s payout ratio is currently 76.77%.

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.