Franklin Resources Inc. Raises Stock Holdings in DTE Energy Company $DTE

Franklin Resources Inc. raised its stake in shares of DTE Energy Company (NYSE:DTE) by 2.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,549,640 shares of the utilities provider’s stock after acquiring an additional 37,584 shares during the period. Franklin Resources Inc.’s holdings in DTE Energy were worth $199,873,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Laurel Wealth Advisors LLC purchased a new position in shares of DTE Energy during the 4th quarter valued at 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 valued at $26,000 after buying an additional 181 shares during the last quarter. Torren Management LLC purchased a new position in shares of DTE Energy during the 4th quarter valued at about $26,000. Elyxium Wealth LLC purchased a new position in shares of DTE Energy during the 4th quarter valued at 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 valued at $32,000 after buying an additional 107 shares during the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

Insider Activity at DTE Energy

In other news, VP Lisa A. Muschong sold 1,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $143.72, for a total transaction of $143,720.00. Following the sale, the vice president directly owned 6,233 shares in the company, valued at $895,806.76. This trade represents a 13.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is owned by company insiders.

DTE Energy Price Performance

NYSE:DTE opened at $145.77 on Wednesday. DTE Energy Company has a 52 week low of $126.23 and a 52 week high of $154.63. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 2.04. The stock has a market capitalization of $30.33 billion, a PE ratio of 24.02, a price-to-earnings-growth ratio of 3.12 and a beta of 0.39. The stock’s 50-day moving average price is $145.17 and its 200-day moving average price is $140.11.

DTE Energy (NYSE:DTE) last posted its earnings results on Thursday, April 30th. The utilities provider reported $1.95 EPS 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 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 business earned $2.10 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, equities analysts expect that DTE Energy Company will post 7.71 EPS for the current fiscal year.

DTE Energy Announces Dividend

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

Analyst Upgrades and Downgrades

DTE has been the subject of a number of recent research reports. Jefferies Financial Group reiterated a “buy” rating and set a $170.00 price objective on shares of DTE Energy in a research note on Wednesday, April 8th. Barclays reduced 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. Argus upgraded DTE Energy to a “strong-buy” rating in a research note on Thursday, February 26th. Truist Financial reduced their price objective on 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 research note on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.