127,692 Shares in DTE Energy Company $DTE Purchased by Beck Bode LLC

Beck Bode LLC purchased a new position in shares of DTE Energy Company (NYSE:DTE) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 127,692 shares of the utilities provider’s stock, valued at approximately $16,470,000. DTE Energy makes up about 2.7% of Beck Bode LLC’s portfolio, making the stock its 20th largest position.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. AE Wealth Management LLC boosted its holdings in DTE Energy by 5.0% in the 3rd quarter. AE Wealth Management LLC now owns 118,521 shares of the utilities provider’s stock valued at $16,762,000 after purchasing an additional 5,658 shares in the last quarter. Quantitative Investment Management LLC purchased a new stake in DTE Energy in the 3rd quarter valued at approximately $1,348,000. First Trust Advisors LP boosted its holdings in DTE Energy by 11.0% in the 3rd quarter. First Trust Advisors LP now owns 805,251 shares of the utilities provider’s stock valued at $113,887,000 after purchasing an additional 79,956 shares in the last quarter. TD Asset Management Inc boosted its holdings in DTE Energy by 2.9% in the 3rd quarter. TD Asset Management Inc now owns 240,696 shares of the utilities provider’s stock valued at $34,042,000 after purchasing an additional 6,779 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in DTE Energy by 1.3% in the 3rd quarter. Victory Capital Management Inc. now owns 362,270 shares of the utilities provider’s stock valued at $51,236,000 after purchasing an additional 4,590 shares in the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

DTE Energy Price Performance

DTE stock opened at $145.30 on Friday. The firm has a 50 day moving average of $145.70 and a 200-day moving average of $139.49. DTE Energy Company has a 12-month low of $126.23 and a 12-month high of $154.63. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 2.04. The company has a market cap of $30.23 billion, a price-to-earnings ratio of 23.94, a PEG ratio of 3.17 and a beta of 0.41.

DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Thursday, April 30th. The utilities provider reported $1.95 earnings per share (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 company had revenue of $5.14 billion for the quarter, compared to analyst estimates of $4.37 billion. During the same quarter in the previous year, the business posted $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 business also recently declared 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. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Monday, June 22nd. DTE Energy’s dividend payout ratio (DPR) is presently 76.77%.

Insider Activity

In other news, VP Lisa A. Muschong sold 1,000 shares of DTE Energy stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $143.72, for a total transaction of $143,720.00. Following the completion of the sale, the vice president directly owned 6,233 shares in the company, valued at approximately $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 accessible through the SEC website. Insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

DTE has been the topic of a number of analyst reports. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $160.00 price objective on shares of DTE Energy in a report on Tuesday, April 21st. Citigroup lifted their price objective on DTE Energy from $158.00 to $168.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. Truist Financial lowered their price objective on DTE Energy from $165.00 to $158.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Bank of America reaffirmed a “buy” rating on shares of DTE Energy in a report on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. lowered their price objective on DTE Energy from $160.00 to $155.00 and set a “neutral” rating on the stock in a report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $156.25.

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.