DTE Energy Company $DTE Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. grew its stake in shares of DTE Energy Company (NYSE:DTE) by 12.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,250 shares of the utilities provider’s stock after acquiring an additional 6,728 shares during the quarter. PNC Financial Services Group Inc.’s holdings in DTE Energy were worth $7,771,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of DTE. Empowered Funds LLC increased its holdings in shares of DTE Energy by 200.7% during the first quarter. Empowered Funds LLC now owns 9,909 shares of the utilities provider’s stock valued at $1,370,000 after acquiring an additional 6,614 shares in the last quarter. Woodline Partners LP increased its holdings in shares of DTE Energy by 40.8% during the first quarter. Woodline Partners LP now owns 17,509 shares of the utilities provider’s stock valued at $2,421,000 after acquiring an additional 5,072 shares in the last quarter. Intech Investment Management LLC increased its holdings in shares of DTE Energy by 6.5% during the first quarter. Intech Investment Management LLC now owns 12,687 shares of the utilities provider’s stock valued at $1,754,000 after acquiring an additional 773 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of DTE Energy during the second quarter valued at about $203,000. Finally, Jump Financial LLC increased its holdings in shares of DTE Energy by 154.5% during the second quarter. Jump Financial LLC now owns 12,677 shares of the utilities provider’s stock valued at $1,679,000 after acquiring an additional 7,696 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Stock Down 0.0%

NYSE DTE opened at $145.30 on Monday. The business has a fifty day moving average price of $145.70 and a 200 day moving average price of $139.53. DTE Energy Company has a one year low of $126.23 and a one year high of $154.63. 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 market cap of $30.23 billion, a P/E ratio of 23.94, a P/E/G ratio of 3.17 and a beta of 0.41.

DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Thursday, April 30th. The utilities provider reported $1.95 EPS 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 analyst estimates of $4.37 billion. During the same period in the prior year, the company posted $2.10 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. Research analysts anticipate that DTE Energy Company will post 7.71 EPS for the current fiscal year.

DTE Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Bank of America restated a “buy” rating on shares of DTE Energy in a report on Wednesday, April 22nd. Citigroup upped their target price on DTE Energy from $158.00 to $168.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. Morgan Stanley set a $146.00 target price on DTE Energy in a research report on Thursday. Truist Financial dropped their target price on DTE Energy from $165.00 to $158.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Finally, JPMorgan Chase & Co. dropped their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, DTE Energy presently has a consensus rating of “Moderate Buy” and an average price target of $156.25.

Insiders Place Their Bets

In other DTE Energy news, VP Lisa A. Muschong sold 1,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $143.72, for a total value of $143,720.00. Following the transaction, the vice president directly owned 6,233 shares in the company, valued at $895,806.76. The trade was a 13.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.60% of the stock is owned by insiders.

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.