Cohen & Steers Inc. Takes $125.60 Million Position in DTE Energy Company $DTE

Cohen & Steers Inc. acquired a new stake in shares of DTE Energy Company (NYSE:DTE) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 973,829 shares of the utilities provider’s stock, valued at approximately $125,604,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Laurel Wealth Advisors LLC acquired a new stake in DTE Energy in the fourth quarter valued at approximately $25,000. Torren Management LLC acquired a new stake in DTE Energy in the fourth quarter valued at approximately $26,000. Quest 10 Wealth Builders Inc. boosted its stake in DTE Energy by 754.2% in 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 in the last quarter. Elyxium Wealth LLC acquired a new stake in DTE Energy in the fourth quarter valued at approximately $29,000. Finally, Asset Dedication LLC boosted its stake in DTE Energy by 88.4% in the third quarter. Asset Dedication LLC now owns 228 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 107 shares in the last quarter. 76.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DTE has been the subject of several recent analyst reports. Barclays lowered their target price on shares of DTE Energy from $156.00 to $154.00 and set an “equal weight” rating for the company in a research note on Monday, May 4th. Citigroup raised their target price on shares of DTE Energy from $158.00 to $168.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. 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. Wells Fargo & Company restated an “overweight” rating and set a $160.00 price target on shares of DTE Energy in a research note on Tuesday, April 21st. Finally, Weiss Ratings upgraded shares of DTE Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 22nd. One investment 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $156.25.

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 dated Thursday, May 14th. The stock was sold at an average price of $143.72, for a total transaction of $143,720.00. Following the completion of the transaction, the vice president owned 6,233 shares in the company, valued at approximately $895,806.76. This trade represents a 13.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.60% of the company’s stock.

DTE Energy Price Performance

Shares of DTE opened at $147.37 on Friday. The firm has a market capitalization of $30.66 billion, a PE ratio of 24.28, a price-to-earnings-growth ratio of 3.18 and a beta of 0.39. 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 1-year low of $126.23 and a 1-year high of $154.63. The company’s fifty day moving average price is $145.18 and its 200-day moving average price is $140.31.

DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Thursday, April 30th. The utilities provider reported $1.95 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.03). The business had revenue of $5.14 billion during the quarter, compared to analysts’ expectations 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 previous year, the company posted $2.10 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. On average, equities research analysts predict that DTE Energy Company will post 7.71 EPS for the current year.

DTE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 22nd will be paid a dividend of $1.165 per share. The ex-dividend date is Monday, June 22nd. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.2%. DTE Energy’s dividend payout ratio (DPR) is presently 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.