DTE Energy Company $DTE Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA lowered its holdings in shares of DTE Energy Company (NYSE:DTE) by 4.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 91,611 shares of the utilities provider’s stock after selling 4,705 shares during the period. Leeward Investments LLC MA’s holdings in DTE Energy were worth $11,816,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Allworth Financial LP raised its position in DTE Energy by 61.5% during the fourth quarter. Allworth Financial LP now owns 8,990 shares of the utilities provider’s stock worth $1,160,000 after acquiring an additional 3,425 shares during the last quarter. Ameritas Advisory Services LLC raised its position in DTE Energy by 5,366.7% during the fourth quarter. Ameritas Advisory Services LLC now owns 4,100 shares of the utilities provider’s stock worth $529,000 after acquiring an additional 4,025 shares during the last quarter. Independent Advisor Alliance raised its position in DTE Energy by 38.5% during the fourth quarter. Independent Advisor Alliance now owns 13,970 shares of the utilities provider’s stock worth $1,802,000 after acquiring an additional 3,882 shares during the last quarter. HighPoint Advisor Group LLC raised its position in DTE Energy by 1.3% during the fourth quarter. HighPoint Advisor Group LLC now owns 15,400 shares of the utilities provider’s stock worth $1,986,000 after acquiring an additional 203 shares during the last quarter. Finally, ABC Arbitrage SA acquired a new position in DTE Energy during the fourth quarter worth about $2,736,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Stock Performance

NYSE:DTE opened at $143.77 on Friday. The firm has a 50 day simple moving average of $146.42 and a 200-day simple moving average of $139.33. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.95 and a quick ratio of 0.69. The firm has a market cap of $29.91 billion, a PE ratio of 23.68, a P/E/G ratio of 3.10 and a beta of 0.41. DTE Energy Company has a 1-year low of $126.23 and a 1-year high of $154.63.

DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Thursday, April 30th. The utilities provider reported $1.95 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm earned $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. On average, equities analysts expect 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 Wednesday, July 15th. Investors 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 yield of 3.2%. DTE Energy’s dividend payout ratio is 76.77%.

Analysts Set New Price Targets

DTE has been the subject of a number of research reports. Weiss Ratings cut shares of DTE Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 7th. Morgan Stanley cut their price objective on shares of DTE Energy from $156.00 to $155.00 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. Barclays cut their price objective on shares of DTE Energy from $156.00 to $154.00 and set an “equal weight” rating for the company in a research report on Monday, May 4th. Wells Fargo & Company reissued an “overweight” rating and issued a $160.00 price objective on shares of DTE Energy in a research report on Tuesday, April 21st. Finally, Citigroup boosted their price objective on shares of DTE Energy from $158.00 to $168.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $157.58.

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.