Havemeyer Place LP Makes New $848,000 Investment in DTE Energy Company $DTE

Havemeyer Place LP acquired a new position in shares of DTE Energy Company (NYSE:DTE) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 6,571 shares of the utilities provider’s stock, valued at approximately $848,000.

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

DTE Energy Stock Down 1.7%

Shares of DTE stock opened at $143.23 on Tuesday. The stock’s 50 day simple moving average is $145.15 and its 200 day simple moving average is $140.03. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.69 and a current ratio of 0.95. 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 $29.80 billion, a price-to-earnings ratio of 23.60, a PEG ratio of 3.18 and a beta of 0.39.

DTE Energy (NYSE:DTE) last issued 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 company had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $4.37 billion. During the same period in the previous 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 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. Investors of record on Monday, June 22nd will be paid a $1.165 dividend. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, June 22nd. DTE Energy’s dividend payout ratio (DPR) is presently 76.77%.

Insider Buying and Selling at DTE Energy

In related news, VP Lisa A. Muschong sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $143.72, for a total value of $143,720.00. Following the transaction, the vice president directly owned 6,233 shares of the company’s stock, valued at approximately $895,806.76. This trade represents a 13.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their price target on DTE Energy from $160.00 to $155.00 and set a “neutral” rating for the company in a research note on Thursday, May 14th. Mizuho set a $165.00 price target on DTE Energy in a research note on Friday, May 1st. Wells Fargo & Company reaffirmed an “overweight” rating and set a $160.00 price target on shares of DTE Energy in a research note on Tuesday, April 21st. BMO Capital Markets cut their price target on 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. Finally, Barclays cut their price target on 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. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.25.

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.