DTE Energy Company $DTE Holdings Raised by Janus Henderson Group PLC

Janus Henderson Group PLC increased its stake in DTE Energy Company (NYSE:DTE) by 1.3% in the 1st quarter, HoldingsChannel.com reports. The firm owned 3,084,544 shares of the utilities provider’s stock after buying an additional 40,346 shares during the quarter. Janus Henderson Group PLC’s holdings in DTE Energy were worth $451,022,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of DTE. Vanguard Group Inc. lifted its stake in shares of DTE Energy by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 26,305,533 shares of the utilities provider’s stock worth $3,392,888,000 after acquiring an additional 766,499 shares during the period. Capital Research Global Investors increased its stake in shares of DTE Energy by 3.1% during the fourth quarter. Capital Research Global Investors now owns 12,447,948 shares of the utilities provider’s stock valued at $1,605,539,000 after acquiring an additional 379,443 shares during the period. State Street Corp increased its stake in shares of DTE Energy by 2.5% during the fourth quarter. State Street Corp now owns 11,078,346 shares of the utilities provider’s stock valued at $1,441,776,000 after acquiring an additional 272,068 shares during the period. Geode Capital Management LLC raised its holdings in DTE Energy by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 5,592,670 shares of the utilities provider’s stock worth $718,668,000 after purchasing an additional 117,322 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in DTE Energy by 227.4% during the fourth quarter. Millennium Management LLC now owns 2,729,226 shares of the utilities provider’s stock worth $352,016,000 after purchasing an additional 1,895,631 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Stock Down 1.2%

Shares of NYSE:DTE opened at $141.73 on Friday. The firm has a 50 day simple moving average of $147.66 and a 200 day simple moving average of $144.80. 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 2.13, a quick ratio of 0.69 and a current ratio of 0.80. The company has a market cap of $29.49 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 3.13 and a beta of 0.38.

DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.18. The firm had revenue of $6.74 billion for the quarter, compared to analysts’ expectations of $3.36 billion. DTE Energy had a net margin of 8.00% and a return on equity of 12.19%. During the same period in the previous year, the company posted $1.36 EPS. As a group, research analysts expect that DTE Energy Company will post 7.71 earnings per share for the current year.

DTE Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Monday, September 21st will be paid a $1.165 dividend. This represents a $4.66 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Monday, September 21st. DTE Energy’s dividend payout ratio is currently 76.77%.

Analyst Ratings Changes

A number of equities analysts have issued reports on DTE shares. BMO Capital Markets increased their price target on DTE Energy from $148.00 to $150.00 and gave the company a “market perform” rating in a research note on Wednesday. Bank of America restated a “buy” rating on shares of DTE Energy in a report on Wednesday, April 22nd. Jefferies Financial Group set a $172.00 target price on DTE Energy in a report on Thursday, July 9th. TD Cowen initiated coverage on shares of DTE Energy in a research report on Tuesday, July 7th. They issued a “hold” rating and a $166.00 price target on the stock. Finally, Weiss Ratings raised shares of DTE Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $158.46.

Insider Transactions at DTE Energy

In other DTE Energy news, VP Lisa A. Muschong sold 1,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

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.