ProShare Advisors LLC Has $6.57 Million Stake in DTE Energy Company $DTE

ProShare Advisors LLC grew its stake in DTE Energy Company (NYSE:DTE) by 9.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,928 shares of the utilities provider’s stock after purchasing an additional 4,279 shares during the period. ProShare Advisors LLC’s holdings in DTE Energy were worth $6,569,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Laurel Wealth Advisors LLC acquired a new stake in DTE Energy in the 4th quarter worth $25,000. Quest 10 Wealth Builders Inc. grew its position in DTE Energy by 754.2% in 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 during the last quarter. Torren Management LLC acquired a new stake in DTE Energy in the 4th quarter worth $26,000. Cloud Capital Management LLC acquired a new stake in DTE Energy in the 3rd quarter worth $28,000. Finally, Elyxium Wealth LLC acquired a new stake in DTE Energy in the 4th quarter worth $29,000. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on DTE shares. Mizuho set a $165.00 price target on shares of DTE Energy in a research report on Friday, May 1st. Bank of America reiterated a “buy” rating on shares of DTE Energy in a research report on Wednesday, April 22nd. Barclays decreased their target price on shares of DTE Energy from $156.00 to $154.00 and set an “equal weight” rating on the stock in a research report on Monday, May 4th. Argus upgraded shares of DTE Energy to a “strong-buy” rating in a research report on Thursday, February 26th. Finally, Truist Financial decreased their target price on shares of DTE Energy from $165.00 to $158.00 and set a “buy” rating on the stock in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.25.

Insider Buying and Selling

In other DTE Energy news, VP Lisa A. Muschong sold 1,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were 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 in the company, valued at $895,806.76. The trade was a 13.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is currently owned by company insiders.

DTE Energy Price Performance

Shares of DTE Energy stock opened at $145.30 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’s 50-day simple moving average is $145.70 and its 200-day simple moving average is $139.49. DTE Energy Company has a twelve month low of $126.23 and a twelve month high of $154.63. The firm has a market cap of $30.23 billion, a P/E ratio of 23.94, a price-to-earnings-growth ratio of 3.14 and a beta of 0.41.

DTE Energy (NYSE:DTE) last issued 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 analyst estimates of $4.37 billion. During the same quarter last year, the firm 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 EPS 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. Shareholders of record on Monday, June 22nd will be given a $1.165 dividend. The ex-dividend date is Monday, June 22nd. This represents a $4.66 dividend on an annualized basis and a 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.