Pacer Advisors Inc. Has $2.48 Million Stock Position in DTE Energy Company $DTE

Pacer Advisors Inc. lowered its stake in DTE Energy Company (NYSE:DTE) by 36.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,504 shares of the utilities provider’s stock after selling 10,158 shares during the quarter. Pacer Advisors Inc.’s holdings in DTE Energy were worth $2,476,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Keybank National Association OH lifted its position in DTE Energy by 1.6% in the 2nd quarter. Keybank National Association OH now owns 4,525 shares of the utilities provider’s stock valued at $599,000 after acquiring an additional 72 shares in the last quarter. Atria Investments Inc lifted its holdings in shares of DTE Energy by 0.6% in the second quarter. Atria Investments Inc now owns 11,354 shares of the utilities provider’s stock valued at $1,504,000 after purchasing an additional 72 shares in the last quarter. Bernard Wealth Management Corp. boosted its position in shares of DTE Energy by 0.8% during the third quarter. Bernard Wealth Management Corp. now owns 11,075 shares of the utilities provider’s stock worth $1,566,000 after buying an additional 84 shares during the period. Crestwood Advisors Group LLC grew its holdings in shares of DTE Energy by 5.1% during the second quarter. Crestwood Advisors Group LLC now owns 1,767 shares of the utilities provider’s stock worth $234,000 after buying an additional 86 shares in the last quarter. Finally, PFG Investments LLC grew its holdings in shares of DTE Energy by 1.2% during the second quarter. PFG Investments LLC now owns 8,335 shares of the utilities provider’s stock worth $1,104,000 after buying an additional 101 shares in the last quarter. Institutional investors own 76.06% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on DTE shares. Morgan Stanley set a $138.00 price target on DTE Energy in a research report on Tuesday, December 16th. Scotiabank decreased their target price on shares of DTE Energy from $147.00 to $146.00 and set a “sector perform” rating for the company in a research report on Friday, October 31st. JPMorgan Chase & Co. lowered their price target on shares of DTE Energy from $151.00 to $145.00 and set a “neutral” rating on the stock in a research note on Thursday, December 11th. Barclays increased their price objective on shares of DTE Energy from $138.00 to $148.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 14th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of DTE Energy in a report on Wednesday, October 8th. 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $148.33.

DTE Energy Stock Performance

Shares of DTE opened at $129.80 on Wednesday. The company has a market cap of $26.96 billion, a PE ratio of 19.49, a price-to-earnings-growth ratio of 2.54 and a beta of 0.47. The firm has a 50-day moving average of $134.18 and a 200-day moving average of $136.03. DTE Energy Company has a one year low of $116.30 and a one year high of $143.79. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.15 and a quick ratio of 0.68.

DTE Energy (NYSE:DTE) last issued its earnings results on Thursday, October 30th. The utilities provider reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.15. The business had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.23 billion. DTE Energy had a net margin of 9.34% and a return on equity of 12.63%. During the same period last year, the business posted $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 analysts forecast that DTE Energy Company will post 7.18 earnings per share for the current year.

DTE Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 15th will be issued a dividend of $1.165 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $4.66 annualized dividend and a yield of 3.6%. This is a positive change from DTE Energy’s previous quarterly dividend of $1.09. DTE Energy’s payout ratio is 69.97%.

About DTE Energy

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.