DTE Energy Company $DTE Shares Sold by Korea Investment CORP

Korea Investment CORP cut its stake in shares of DTE Energy Company (NYSE:DTE) by 10.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 157,128 shares of the utilities provider’s stock after selling 17,909 shares during the quarter. Korea Investment CORP owned 0.08% of DTE Energy worth $22,223,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of DTE. First Trust Advisors LP boosted its position in shares of DTE Energy by 11.0% in the 3rd quarter. First Trust Advisors LP now owns 805,251 shares of the utilities provider’s stock valued at $113,887,000 after purchasing an additional 79,956 shares during the period. Modern Wealth Management LLC raised its holdings in DTE Energy by 0.6% during the 3rd quarter. Modern Wealth Management LLC now owns 13,431 shares of the utilities provider’s stock worth $1,900,000 after buying an additional 85 shares during the period. Orion Porfolio Solutions LLC lifted its stake in DTE Energy by 5.8% during the third quarter. Orion Porfolio Solutions LLC now owns 6,613 shares of the utilities provider’s stock valued at $935,000 after buying an additional 364 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in DTE Energy by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 780,827 shares of the utilities provider’s stock valued at $110,428,000 after buying an additional 6,335 shares in the last quarter. Finally, Cresset Asset Management LLC boosted its holdings in shares of DTE Energy by 22.1% in the third quarter. Cresset Asset Management LLC now owns 12,670 shares of the utilities provider’s stock worth $1,806,000 after buying an additional 2,293 shares during the period. 76.06% of the stock is currently owned by institutional investors and hedge funds.

DTE Energy Trading Down 0.7%

NYSE:DTE opened at $147.85 on Wednesday. The stock has a market cap of $30.72 billion, a PE ratio of 21.06, a price-to-earnings-growth ratio of 2.74 and a beta of 0.47. DTE Energy Company has a fifty-two week low of $123.69 and a fifty-two week high of $154.63. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.80 and a quick ratio of 0.55. The stock’s 50-day moving average is $138.54 and its two-hundred day moving average is $136.98.

DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Tuesday, February 17th. The utilities provider reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.13. The business had revenue of $4.43 billion during the quarter, compared to analyst estimates of $3.39 billion. DTE Energy had a net margin of 9.24% and a return on equity of 12.72%. During the same period in the prior year, the firm earned $1.51 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, equities research analysts forecast that DTE Energy Company will post 7.18 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 16th will be given a $1.165 dividend. The ex-dividend date is Monday, March 16th. This represents a $4.66 dividend on an annualized basis and a yield of 3.2%. DTE Energy’s dividend payout ratio is presently 66.38%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Citigroup lifted their target price on shares of DTE Energy from $158.00 to $168.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. JPMorgan Chase & Co. reduced their price target on shares of DTE Energy from $151.00 to $145.00 and set a “neutral” rating for the company in a research report on Thursday, December 11th. Wells Fargo & Company decreased their price objective on shares of DTE Energy from $157.00 to $152.00 and set an “overweight” rating for the company in a research note on Tuesday, January 20th. Mizuho lifted their price objective on shares of DTE Energy from $144.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 18th. Finally, Morgan Stanley reissued an “overweight” rating and set a $153.00 target price on shares of DTE Energy in a research note on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $151.31.

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.