DTE Energy Company $DTE Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. cut its stake in DTE Energy Company (NYSE:DTE) by 5.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 483,011 shares of the utilities provider’s stock after selling 25,734 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in DTE Energy were worth $68,312,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of 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 purchasing an additional 1,042,589 shares in the last quarter. State Street Corp grew its position in DTE Energy by 2.2% during the second quarter. State Street Corp now owns 10,558,531 shares of the utilities provider’s stock valued at $1,409,833,000 after buying an additional 222,353 shares during the period. Geode Capital Management LLC increased its holdings in DTE Energy by 3.0% in the second quarter. Geode Capital Management LLC now owns 5,250,341 shares of the utilities provider’s stock valued at $692,535,000 after buying an additional 154,594 shares in the last quarter. Invesco Ltd. increased its holdings in DTE Energy by 1.3% in the second quarter. Invesco Ltd. now owns 2,387,012 shares of the utilities provider’s stock valued at $316,184,000 after buying an additional 31,635 shares in the last quarter. Finally, Legal & General Group Plc raised its position in shares of DTE Energy by 8.1% in the second quarter. Legal & General Group Plc now owns 1,407,682 shares of the utilities provider’s stock worth $186,462,000 after acquiring an additional 105,952 shares during the period. Hedge funds and other institutional investors own 76.06% of the company’s stock.

DTE Energy Stock Performance

NYSE DTE opened at $133.86 on Thursday. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.15 and a quick ratio of 0.68. The stock’s 50 day simple moving average is $132.39 and its 200-day simple moving average is $135.85. The company has a market cap of $27.80 billion, a PE ratio of 20.10, a price-to-earnings-growth ratio of 2.42 and a beta of 0.49. DTE Energy Company has a 1-year low of $116.30 and a 1-year high of $143.79.

DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Thursday, October 30th. The utilities provider reported $2.25 EPS for the quarter, beating the consensus estimate of $2.10 by $0.15. The firm had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.23 billion. DTE Energy had a return on equity of 12.63% and a net margin of 9.34%.During the same period in the prior year, the company earned $2.22 EPS. DTE Energy has set its FY 2025 guidance at 7.090-7.230 EPS and its FY 2026 guidance at 7.590-7.730 EPS. As a group, equities research analysts anticipate that DTE Energy Company will post 7.18 EPS for the current fiscal year.

DTE Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be paid a $1.165 dividend. This is an increase from DTE Energy’s previous quarterly dividend of $1.09. This represents a $4.66 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, December 15th. DTE Energy’s payout ratio is 69.97%.

Wall Street Analysts Forecast Growth

DTE has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut their price target on DTE Energy from $151.00 to $145.00 and set a “neutral” rating for the company in a research note on Thursday, December 11th. Barclays raised their price objective on DTE Energy from $138.00 to $148.00 and gave the company an “equal weight” rating in a report on Tuesday, October 14th. Wall Street Zen upgraded DTE Energy from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. Scotiabank decreased their target price on DTE Energy from $147.00 to $146.00 and set a “sector perform” rating on the stock in a research report on Friday, October 31st. Finally, BMO Capital Markets dropped their price target on shares of DTE Energy from $151.00 to $148.00 and set a “market perform” rating on the stock in a research note on Wednesday, December 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, DTE Energy has a consensus rating of “Moderate Buy” and a consensus target price of $148.33.

DTE Energy 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.