ABC Arbitrage SA Has $304,000 Stock Holdings in DTE Energy Company $DTE

ABC Arbitrage SA decreased its holdings in shares of DTE Energy Company (NYSE:DTE) by 90.2% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 2,082 shares of the utilities provider’s stock after selling 19,132 shares during the quarter. ABC Arbitrage SA’s holdings in DTE Energy were worth $304,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Laurel Wealth Advisors LLC purchased a new stake in DTE Energy in the 4th quarter worth about $25,000. Key Financial Inc acquired a new stake in DTE Energy during the 1st quarter worth about $29,000. Torren Management LLC purchased a new position in DTE Energy during the 4th quarter valued at about $26,000. Quest 10 Wealth Builders Inc. grew its stake in DTE Energy by 754.2% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 205 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 181 shares in the last quarter. Finally, Elyxium Wealth LLC acquired a new position in shares of DTE Energy in the 4th quarter valued at about $29,000. 76.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DTE. Mizuho set a $165.00 price target on shares of DTE Energy in a research report on Friday, May 1st. Wall Street Zen downgraded shares of DTE Energy from a “hold” rating to a “sell” rating in a research report on Sunday, May 3rd. Jefferies Financial Group set a $172.00 price objective on shares of DTE Energy in a research note on Thursday, July 9th. Wells Fargo & Company reiterated an “overweight” rating and issued a $165.00 target price on shares of DTE Energy in a research report on Monday, June 15th. Finally, BMO Capital Markets cut their target price on shares of DTE Energy from $154.00 to $152.00 and set a “market perform” rating for the company in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $158.15.

Insider Activity at DTE Energy

In other news, VP Lisa A. Muschong sold 1,000 shares of the firm’s stock in a transaction 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 transaction, the vice president 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.60% of the stock is currently owned by company insiders.

DTE Energy Stock Down 1.0%

Shares of DTE Energy stock opened at $149.16 on Wednesday. The firm has a market cap of $31.03 billion, a price-to-earnings ratio of 24.57, a P/E/G ratio of 3.29 and a beta of 0.38. The stock has a 50-day simple moving average of $146.63 and a 200-day simple moving average of $143.34. DTE Energy Company has a 52-week low of $126.23 and a 52-week high of $155.74. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.95 and a quick ratio of 0.69.

DTE Energy (NYSE:DTE) last released its quarterly earnings data on Thursday, April 30th. The utilities provider reported $1.95 EPS for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.03). The firm had revenue of $5.14 billion during the quarter, compared to analyst estimates of $4.37 billion. DTE Energy had a return on equity of 12.37% and a net margin of 7.65%.During the same quarter in the prior year, the company posted $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. On average, equities research analysts expect that DTE Energy Company will post 7.71 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 Thursday, October 15th. Shareholders of record on Monday, September 21st will be given a $1.165 dividend. This represents a $4.66 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Monday, September 21st. DTE Energy’s payout ratio is currently 76.77%.

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.