DTE Energy Company $DTE Shares Sold by Legal & General Group Plc

Legal & General Group Plc lessened its stake in DTE Energy Company (NYSE:DTE) by 0.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,397,787 shares of the utilities provider’s stock after selling 9,895 shares during the period. Legal & General Group Plc’s holdings in DTE Energy were worth $197,689,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in DTE. Vanguard Group Inc. boosted its stake in DTE Energy by 4.2% during the 2nd quarter. Vanguard Group Inc. now owns 25,964,872 shares of the utilities provider’s stock valued at $3,439,307,000 after acquiring an additional 1,042,589 shares during the last quarter. State Street Corp increased its position in shares of DTE Energy by 2.2% in the 2nd quarter. State Street Corp now owns 10,558,531 shares of the utilities provider’s stock worth $1,409,833,000 after purchasing an additional 222,353 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of DTE Energy by 3.0% in the 2nd quarter. Geode Capital Management LLC now owns 5,250,341 shares of the utilities provider’s stock valued at $692,535,000 after purchasing an additional 154,594 shares in the last quarter. Invesco Ltd. raised its stake in shares of DTE Energy by 1.3% in the 2nd quarter. Invesco Ltd. now owns 2,387,012 shares of the utilities provider’s stock valued at $316,184,000 after purchasing an additional 31,635 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of DTE Energy by 0.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,327,535 shares of the utilities provider’s stock worth $175,845,000 after purchasing an additional 11,428 shares during the last quarter. 76.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on DTE shares. Barclays decreased their price target on DTE Energy from $148.00 to $141.00 and set an “equal weight” rating for the company in a research note on Thursday, January 15th. Mizuho increased their target price on DTE Energy from $144.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, February 18th. JPMorgan Chase & Co. decreased their target price on DTE Energy from $151.00 to $145.00 and set a “neutral” rating for the company in a research report on Thursday, December 11th. Morgan Stanley reiterated an “overweight” rating and issued a $153.00 price target on shares of DTE Energy in a report on Friday, February 20th. Finally, Jefferies Financial Group boosted their price target on DTE Energy from $150.00 to $153.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, DTE Energy presently has an average rating of “Moderate Buy” and a consensus target price of $151.31.

DTE Energy Trading Up 0.8%

NYSE DTE opened at $147.67 on Friday. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.55 and a current ratio of 0.80. DTE Energy Company has a one year low of $123.69 and a one year high of $154.63. The company has a 50-day simple moving average of $139.26 and a 200-day simple moving average of $137.12. The firm has a market capitalization of $30.68 billion, a PE ratio of 21.03, a price-to-earnings-growth ratio of 2.69 and a beta of 0.47.

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

DTE Energy Announces Dividend

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

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.