Securian Asset Management Inc. Lowers Position in DTE Energy Company $DTE

Securian Asset Management Inc. trimmed its position in shares of DTE Energy Company (NYSE:DTE) by 43.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,647 shares of the utilities provider’s stock after selling 4,275 shares during the quarter. Securian Asset Management Inc.’s holdings in DTE Energy were worth $728,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in DTE. Vanguard Group Inc. raised its holdings in shares of DTE Energy by 3.0% in the fourth 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 during the last quarter. Millennium Management LLC boosted its holdings in DTE Energy by 810.6% during the third quarter. Millennium Management LLC now owns 833,595 shares of the utilities provider’s stock worth $117,895,000 after purchasing an additional 742,056 shares during the last quarter. Raymond James Financial Inc. grew its position in 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 worth $134,474,000 after purchasing an additional 648,007 shares in the last quarter. Ameriprise Financial Inc. increased its stake in 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 buying an additional 602,602 shares during the last quarter. Finally, Capital World Investors increased its stake in 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 buying an additional 552,346 shares during the last quarter. Institutional investors own 76.06% of the company’s stock.

DTE Energy Stock Performance

Shares of DTE stock opened at $143.77 on Friday. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.69 and a current ratio of 0.95. The firm has a market cap of $29.91 billion, a price-to-earnings ratio of 23.68, a P/E/G ratio of 3.10 and a beta of 0.41. DTE Energy Company has a 52 week low of $126.23 and a 52 week high of $154.63. The firm’s 50-day simple moving average is $146.42 and its two-hundred day simple moving average is $139.33.

DTE Energy (NYSE:DTE) last issued its quarterly earnings results on Thursday, April 30th. The utilities provider reported $1.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.03). The company had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $4.37 billion. DTE Energy had a return on equity of 12.37% and a net margin of 7.65%.During the same quarter in the previous year, the business earned $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, equities analysts forecast that DTE Energy Company will post 7.71 earnings per share for the current year.

DTE Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 22nd will be given a $1.165 dividend. This represents a $4.66 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Monday, June 22nd. DTE Energy’s dividend payout ratio (DPR) is currently 76.77%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Weiss Ratings downgraded DTE Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 7th. Truist Financial started coverage on DTE Energy in a report on Monday, April 20th. They issued a “buy” rating and a $165.00 target price for the company. Bank of America reaffirmed a “buy” rating on shares of DTE Energy in a research report on Wednesday, April 22nd. BMO Capital Markets dropped their price target on DTE Energy from $157.00 to $148.00 and set a “market perform” rating on the stock in a report on Thursday, March 26th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $170.00 price objective on shares of DTE Energy in a research report on Wednesday, April 8th. Two 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $157.58.

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.