International Assets Investment Management LLC Sells 4,032 Shares of DTE Energy Company $DTE

International Assets Investment Management LLC cut its holdings in shares of DTE Energy Company (NYSE:DTE) by 73.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,426 shares of the utilities provider’s stock after selling 4,032 shares during the period. International Assets Investment Management LLC’s holdings in DTE Energy were worth $174,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Choreo LLC raised its holdings in DTE Energy by 1.9% during the 3rd quarter. Choreo LLC now owns 8,667 shares of the utilities provider’s stock worth $1,056,000 after buying an additional 162 shares during the period. D.A. Davidson & CO. boosted its holdings in shares of DTE Energy by 2.2% in the third quarter. D.A. Davidson & CO. now owns 5,415 shares of the utilities provider’s stock valued at $660,000 after buying an additional 114 shares during the period. North Dakota State Investment Board increased its position in shares of DTE Energy by 3.2% during the third quarter. North Dakota State Investment Board now owns 6,360 shares of the utilities provider’s stock worth $775,000 after acquiring an additional 199 shares in the last quarter. Sigma Investment Counselors Inc. increased its position in shares of DTE Energy by 38.0% during the third quarter. Sigma Investment Counselors Inc. now owns 9,837 shares of the utilities provider’s stock worth $1,198,000 after acquiring an additional 2,711 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its holdings in shares of DTE Energy by 2.9% during the third quarter. Asset Management One Co. Ltd. now owns 113,482 shares of the utilities provider’s stock worth $13,822,000 after acquiring an additional 3,228 shares during the period. 76.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Vice Chairman Trevor Lauer sold 5,000 shares of DTE Energy stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $135.71, for a total transaction of $678,550.00. Following the completion of the sale, the insider owned 73,122 shares of the company’s stock, valued at approximately $9,923,386.62. The trade was a 6.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DTE. JPMorgan Chase & Co. upped their target price on shares of DTE Energy from $155.00 to $162.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Jefferies Financial Group set a $152.00 target price on shares of DTE Energy in a research report on Friday, October 23rd. HSBC began coverage on shares of DTE Energy in a research note on Thursday, October 22nd. They issued a “hold” rating and a $135.00 price target on the stock. Barclays lowered their target price on DTE Energy from $154.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Friday, October 16th. Finally, BMO Capital Markets upped their target price on DTE Energy from $134.00 to $139.00 and gave the stock a “market perform” rating in a report on Friday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $148.92.

DTE Energy News Summary

Here are the key news stories impacting DTE Energy this week:

• Positive Sentiment: Quarterly results beat expectations: DTE reported third-quarter earnings of $2.30 per share, above the $2.13 consensus, while revenue of $3.73 billion also topped estimates. Earnings per share were up from $2.01 a year earlier. DTE Energy’s Q3 earnings beat estimates
• Positive Sentiment: $3 billion sale to support utility growth: DTE agreed to sell its DTE Vantage non-utility business to investors advised by J.P. Morgan Asset Management, with closing expected in the first half of 2027. The proceeds are intended to support DTE’s expanded utility investment plan, reported at about $44 billion, including spending on reliability and generation. The shift could sharpen the company’s focus on regulated utilities, though it also means giving up Vantage’s earnings contribution. DTE Energy to sell its non-utility business for about $3 billion
• Positive Sentiment: Dividend raised: DTE declared a quarterly dividend of $1.245 per share, a 6.9% increase from the previous payment. The annualized dividend is $4.98 per share. DTE Energy declares quarterly dividend
• Neutral Sentiment: Wind project proposed: DTE is proposing a 254-megawatt wind farm in two Bay County townships. It could add to the company’s renewable-generation pipeline, but development will depend on approvals and project execution. DTE proposes 254-megawatt wind farm
• Negative Sentiment: Legal challenge over political spending rules: DTE and Consumers Energy sued to block Michigan’s voter-approved Proposal 2, which restricts utility political contributions. The case creates legal and public-policy uncertainty; its immediate financial effect is unclear. DTE and Consumers sue to block political-spending proposal

DTE Energy Stock Performance

NYSE:DTE traded up $0.36 during mid-day trading on Friday, hitting $135.23. The stock had a trading volume of 1,758,551 shares, compared to its average volume of 1,281,405. DTE Energy Company has a twelve month low of $119.68 and a twelve month high of $155.74. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.53 and a current ratio of 0.80. The stock has a market cap of $28.14 billion, a price-to-earnings ratio of 20.61, a PEG ratio of 2.79 and a beta of 0.35. The company’s 50 day simple moving average is $130.16 and its 200 day simple moving average is $140.85.

DTE Energy (NYSE:DTE) last released its quarterly earnings data on Thursday, November 5th. The utilities provider reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.13 by $0.17. DTE Energy had a return on equity of 12.19% and a net margin of 8.00%. The firm had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same quarter in the prior year, the company earned $2.01 earnings per share. On average, equities research analysts forecast that DTE Energy Company will post 7.70 earnings per share for the current year.

DTE Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Monday, December 21st will be given a $1.2450 dividend. The ex-dividend date of this dividend is Monday, December 21st. This is a boost from DTE Energy’s previous quarterly dividend of $1.1650. This represents a $4.98 annualized dividend and a dividend yield of 3.7%. DTE Energy’s payout ratio is currently 73.73%.

DTE Energy Company Profile

DTE Energy is a Detroit-based energy company whose core businesses are regulated electric and natural gas utilities in Michigan. Through DTE Electric, it generates, transmits and distributes electricity, while DTE Gas provides natural gas service to customers across the state.

The company also operates non-utility businesses, including energy marketing and trading and industrial energy services. These businesses develop energy solutions such as recovering energy from industrial processes and waste, alongside the company’s investments in renewable energy generation.

DTE Energy traces its roots to Detroit Edison, founded in 1886.