Janney Montgomery Scott LLC Sells 7,215 Shares of DTE Energy Company $DTE

Janney Montgomery Scott LLC decreased its position in shares of DTE Energy Company (NYSE:DTE) by 13.6% during the 1st quarter, HoldingsChannel reports. The fund owned 45,715 shares of the utilities provider’s stock after selling 7,215 shares during the period. Janney Montgomery Scott LLC’s holdings in DTE Energy were worth $6,684,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Millennium Management LLC increased its holdings in DTE Energy by 227.4% in the 4th quarter. Millennium Management LLC now owns 2,729,226 shares of the utilities provider’s stock worth $352,016,000 after purchasing an additional 1,895,631 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of DTE Energy during the fourth quarter valued at about $139,423,000. Cohen & Steers Inc. acquired a new stake in shares of DTE Energy during the fourth quarter valued at about $125,604,000. Vanguard Group Inc. grew its holdings in shares of DTE Energy by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 26,305,533 shares of the utilities provider’s stock worth $3,392,888,000 after purchasing an additional 766,499 shares during the last quarter. Finally, Raymond James Financial Inc. grew its holdings in shares of DTE Energy by 176.5% during the second quarter. Raymond James Financial Inc. now owns 1,015,208 shares of the utilities provider’s stock worth $134,474,000 after purchasing an additional 648,007 shares during the last quarter. Institutional investors own 76.06% of the company’s stock.

DTE Energy Price Performance

Shares of DTE opened at $153.90 on Friday. DTE Energy Company has a 1 year low of $126.23 and a 1 year high of $155.06. 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 company has a market capitalization of $32.02 billion, a price-to-earnings ratio of 25.35, a price-to-earnings-growth ratio of 3.36 and a beta of 0.38. The business has a 50-day moving average of $146.15 and a 200-day moving average of $142.16.

DTE Energy (NYSE:DTE) last announced its 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 company had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $4.37 billion. DTE Energy had a net margin of 7.65% and a return on equity of 12.37%. During the same quarter in the previous year, the company earned $2.10 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, equities research analysts anticipate that DTE Energy Company will post 7.71 earnings per share for the current year.

DTE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Monday, September 21st will be paid a $1.165 dividend. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, September 21st. DTE Energy’s dividend payout ratio is currently 76.77%.

Analysts Set New Price Targets

DTE has been the subject of several recent research reports. Barclays lowered their price objective 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. Wall Street Zen lowered shares of DTE Energy from a “hold” rating to a “sell” rating in a report on Sunday, May 3rd. Mizuho set a $165.00 price target on shares of DTE Energy in a research report on Friday, May 1st. Truist Financial dropped their price target on shares of DTE Energy from $165.00 to $158.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Finally, Bank of America reiterated a “buy” rating on shares of DTE Energy in a report on Wednesday, April 22nd. One research 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 a consensus target price of $157.00.

Insider Activity at DTE Energy

In other news, VP Lisa A. Muschong sold 1,000 shares of the stock in a transaction on 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. This represents a 13.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.60% of the company’s stock.

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.