Rockefeller Capital Management L.P. Raises Holdings in DTE Energy Company $DTE

Rockefeller Capital Management L.P. raised its stake in shares of DTE Energy Company (NYSE:DTE) by 14.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,512 shares of the utilities provider’s stock after buying an additional 3,658 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in DTE Energy were worth $3,807,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Laurel Wealth Advisors LLC purchased a new stake in shares of DTE Energy in the fourth quarter valued at $25,000. Quest 10 Wealth Builders Inc. boosted its stake in shares of DTE Energy by 754.2% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 205 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 181 shares during the last quarter. Torren Management LLC purchased a new stake in DTE Energy during the 4th quarter worth about $26,000. Elyxium Wealth LLC acquired a new position in DTE Energy in the 4th quarter valued at about $29,000. Finally, Asset Dedication LLC raised its stake in DTE Energy by 88.4% in the 3rd quarter. Asset Dedication LLC now owns 228 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 107 shares during the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

DTE Energy Stock Up 1.2%

Shares of NYSE:DTE opened at $154.65 on Friday. The stock’s 50-day moving average price is $145.39 and its two-hundred day moving average price is $141.36. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 2.04. DTE Energy Company has a 12-month low of $126.23 and a 12-month high of $154.90. The firm has a market cap of $32.17 billion, a price-to-earnings ratio of 25.48, a PEG ratio of 3.37 and a beta of 0.39.

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 analysts’ consensus estimates of $1.98 by ($0.03). The company had revenue of $5.14 billion for the quarter, compared to analyst estimates of $4.37 billion. DTE Energy had a net margin of 7.65% and a return on equity of 12.37%. During the same period in the prior year, the company earned $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. On average, research analysts forecast that DTE Energy Company will post 7.71 EPS for the current year.

DTE Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Monday, September 21st will be paid a dividend of $1.165 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a $4.66 dividend on an annualized basis and a yield of 3.0%. DTE Energy’s dividend payout ratio (DPR) is currently 76.77%.

Analysts Set New Price Targets

A number of research firms have issued reports on DTE. Truist Financial reduced their target price on shares of DTE Energy from $165.00 to $158.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Mizuho set a $165.00 price objective on shares of DTE Energy in a research report on Friday, May 1st. Jefferies Financial Group reissued a “buy” rating and set a $170.00 price objective on shares of DTE Energy in a research note on Wednesday, April 8th. Wall Street Zen lowered shares of DTE Energy from a “hold” rating to a “sell” rating in a research report on Sunday, May 3rd. Finally, BMO Capital Markets lowered their target price on shares of DTE Energy from $157.00 to $148.00 and set a “market perform” rating for the company in a research note on Thursday, March 26th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.

Insider Buying and Selling at DTE Energy

In other DTE Energy news, VP Lisa A. Muschong sold 1,000 shares of DTE Energy 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 transaction, the vice president owned 6,233 shares in the company, valued at $895,806.76. This trade represents a 13.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.60% of the stock is currently owned by company 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.