DTE Energy Company $DTE Stock Position Reduced by First Trust Advisors LP

First Trust Advisors LP lessened its stake in DTE Energy Company (NYSE:DTE) by 25.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 555,690 shares of the utilities provider’s stock after selling 191,118 shares during the quarter. First Trust Advisors LP’s holdings in DTE Energy were worth $81,253,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of DTE. Millennium Management LLC raised its holdings in DTE Energy by 227.4% during the fourth quarter. Millennium Management LLC now owns 2,729,226 shares of the utilities provider’s stock valued at $352,016,000 after buying an additional 1,895,631 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in DTE Energy in the fourth quarter valued at about $139,423,000. Cohen & Steers Inc. acquired a new stake in DTE Energy in the 4th quarter valued at $125,604,000. Vanguard Group Inc. lifted its holdings in shares of DTE Energy by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 26,305,533 shares of the utilities provider’s stock valued at $3,392,888,000 after acquiring an additional 766,499 shares during the period. Finally, Raymond James Financial Inc. lifted its holdings in shares of DTE Energy by 176.5% during the second quarter. Raymond James Financial Inc. now owns 1,015,208 shares of the utilities provider’s stock valued at $134,474,000 after acquiring an additional 648,007 shares during the period. 76.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Lisa A. 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 sale, the vice president owned 6,233 shares in the company, valued at $895,806.76. This represents a 13.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Mizuho set a $165.00 target price on shares of DTE Energy in a research note on Friday, May 1st. Wells Fargo & Company reissued an “overweight” rating and issued a $165.00 price target on shares of DTE Energy in a report on Monday, June 15th. Weiss Ratings lowered DTE Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. TD Cowen began coverage on DTE Energy in a report on Tuesday, July 7th. They set a “hold” rating and a $166.00 price objective for the company. Finally, Jefferies Financial Group set a $172.00 price objective on shares of DTE Energy in a research note on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.38.

DTE Energy Stock Performance

Shares of DTE stock opened at $149.52 on Friday. The stock has a market cap of $31.11 billion, a PE ratio of 24.63, a price-to-earnings-growth ratio of 3.23 and a beta of 0.38. The stock has a 50-day moving average of $147.53 and a 200-day moving average of $144.26. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.95 and a quick ratio of 0.69. DTE Energy Company has a one year low of $126.23 and a one year high of $155.74.

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). The firm had revenue of $5.14 billion for 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 period in the previous year, the business earned $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, sell-side analysts expect that DTE Energy Company will post 7.71 earnings per share for the current year.

DTE Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Monday, September 21st will be issued a $1.165 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a $4.66 annualized dividend and a dividend yield of 3.1%. DTE Energy’s payout ratio is 76.77%.

About DTE Energy

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.