DTE Energy Company $DTE Shares Sold by Swiss National Bank

Swiss National Bank cut its stake in shares of DTE Energy Company (NYSE:DTE) by 4.8% during the third quarter, Holdings Channel reports. The firm owned 598,200 shares of the utilities provider’s stock after selling 30,000 shares during the quarter. Swiss National Bank’s holdings in DTE Energy were worth $84,603,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of DTE. Empowered Funds LLC lifted its stake in DTE Energy by 200.7% during the first quarter. Empowered Funds LLC now owns 9,909 shares of the utilities provider’s stock valued at $1,370,000 after buying an additional 6,614 shares in the last quarter. Woodline Partners LP boosted its holdings in shares of DTE Energy by 40.8% in the first quarter. Woodline Partners LP now owns 17,509 shares of the utilities provider’s stock worth $2,421,000 after buying an additional 5,072 shares during the period. Intech Investment Management LLC increased its position in shares of DTE Energy by 6.5% in the first quarter. Intech Investment Management LLC now owns 12,687 shares of the utilities provider’s stock worth $1,754,000 after acquiring an additional 773 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of DTE Energy in the 2nd quarter valued at approximately $203,000. Finally, Atlantic Union Bankshares Corp acquired a new position in DTE Energy in the 2nd quarter worth approximately $53,000. 76.06% of the stock is owned by hedge funds and other institutional investors.

DTE Energy Price Performance

Shares of NYSE:DTE opened at $147.85 on Wednesday. The firm has a market cap of $30.72 billion, a price-to-earnings ratio of 21.06, a P/E/G ratio of 2.74 and a beta of 0.47. DTE Energy Company has a 1 year low of $123.69 and a 1 year high of $154.63. The company has a current ratio of 0.80, a quick ratio of 0.55 and a debt-to-equity ratio of 1.93. The business has a fifty day simple moving average of $138.54 and a 200 day simple moving average of $136.98.

DTE Energy (NYSE:DTE) last issued its earnings results 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 return on equity of 12.72% and a net margin of 9.24%.The company had revenue of $4.43 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same period in the prior year, the firm posted $1.51 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, sell-side analysts predict that DTE Energy Company will post 7.18 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on DTE shares. Mizuho increased their target price on DTE Energy from $144.00 to $155.00 and gave the company an “outperform” rating in a report on Wednesday, February 18th. BMO Capital Markets reissued a “market perform” rating and issued a $157.00 price objective on shares of DTE Energy in a research note on Thursday, February 19th. Morgan Stanley reaffirmed an “overweight” rating and set a $153.00 target price on shares of DTE Energy in a research note on Friday, February 20th. Wells Fargo & Company reduced their price target on shares of DTE Energy from $157.00 to $152.00 and set an “overweight” rating for the company in a research report on Tuesday, January 20th. Finally, JPMorgan Chase & Co. decreased their price target on shares of DTE Energy from $151.00 to $145.00 and set a “neutral” rating for the company in a report on Thursday, December 11th. 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $151.31.

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.