DTE Energy Company $DTE Shares Sold by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC lessened its position in DTE Energy Company (NYSE:DTE) by 9.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 55,436 shares of the utilities provider’s stock after selling 6,044 shares during the period. O Shaughnessy Asset Management LLC’s holdings in DTE Energy were worth $7,150,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in DTE. Vanguard Group Inc. increased its holdings in shares of DTE Energy by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 26,305,533 shares of the utilities provider’s stock valued at $3,392,888,000 after purchasing an additional 766,499 shares in the last quarter. Millennium Management LLC increased its holdings in shares of DTE Energy by 810.6% in the 3rd quarter. Millennium Management LLC now owns 833,595 shares of the utilities provider’s stock valued at $117,895,000 after purchasing an additional 742,056 shares in the last quarter. Raymond James Financial Inc. increased its holdings in shares of DTE Energy by 176.5% in the 2nd quarter. Raymond James Financial Inc. now owns 1,015,208 shares of the utilities provider’s stock valued at $134,474,000 after purchasing an additional 648,007 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of DTE Energy by 12.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 5,571,081 shares of the utilities provider’s stock valued at $788,004,000 after purchasing an additional 602,602 shares in the last quarter. Finally, Capital World Investors increased its holdings in shares of DTE Energy by 5.9% in the 3rd quarter. Capital World Investors now owns 9,851,237 shares of the utilities provider’s stock valued at $1,393,260,000 after purchasing an additional 552,346 shares in the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of DTE Energy from a “hold” rating to a “sell” rating in a report on Sunday, May 3rd. Weiss Ratings upgraded shares of DTE Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 22nd. Argus upgraded shares of DTE Energy to a “strong-buy” rating in a report on Thursday, February 26th. BMO Capital Markets cut their price target on shares of DTE Energy from $157.00 to $148.00 and set a “market perform” rating for the company in a report on Thursday, March 26th. Finally, Truist Financial cut their price target on shares of DTE Energy from $165.00 to $158.00 and set a “buy” rating for the company in a report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $156.25.

Insider Activity at DTE Energy

In other news, VP Lisa A. Muschong sold 1,000 shares of DTE Energy stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $143.72, for a total transaction of $143,720.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.60% of the stock is currently owned by company insiders.

DTE Energy Stock Performance

NYSE:DTE opened at $146.32 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 2.04. The firm has a 50-day moving average price of $145.18 and a two-hundred day moving average price of $140.19. DTE Energy Company has a twelve month low of $126.23 and a twelve month high of $154.63. The company has a market capitalization of $30.44 billion, a P/E ratio of 24.10, a price-to-earnings-growth ratio of 3.19 and a beta of 0.39.

DTE Energy (NYSE:DTE) last posted its earnings results on Thursday, April 30th. The utilities provider reported $1.95 earnings per share 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 business had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $4.37 billion. During the same quarter last year, the business posted $2.10 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, research analysts expect that DTE Energy Company will post 7.71 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

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 issued 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 payout ratio is 76.77%.

DTE Energy Company 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.