DTE Energy Company $DTE Stock Sold by International Assets Investment Management LLC

International Assets Investment Management LLC cut its position in DTE Energy Company (NYSE:DTE) by 73.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,426 shares of the utilities provider’s stock after selling 4,032 shares during the quarter. International Assets Investment Management LLC’s holdings in DTE Energy were worth $174,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Choreo LLC boosted its position in shares of DTE Energy by 1.9% in the third quarter. Choreo LLC now owns 8,667 shares of the utilities provider’s stock valued at $1,056,000 after acquiring an additional 162 shares during the period. D.A. Davidson & CO. grew its stake in shares of DTE Energy by 2.2% in the third quarter. D.A. Davidson & CO. now owns 5,415 shares of the utilities provider’s stock valued at $660,000 after acquiring an additional 114 shares in the last quarter. North Dakota State Investment Board increased its position in DTE Energy by 3.2% during the third quarter. North Dakota State Investment Board now owns 6,360 shares of the utilities provider’s stock worth $775,000 after acquiring an additional 199 shares during the period. Sigma Investment Counselors Inc. increased its position in DTE Energy by 38.0% during the third quarter. Sigma Investment Counselors Inc. now owns 9,837 shares of the utilities provider’s stock worth $1,198,000 after acquiring an additional 2,711 shares during the period. Finally, Asset Management One Co. Ltd. raised its stake in DTE Energy by 2.9% in the 3rd quarter. Asset Management One Co. Ltd. now owns 113,482 shares of the utilities provider’s stock worth $13,822,000 after purchasing an additional 3,228 shares in the last quarter. 76.06% of the stock is owned by institutional investors and hedge funds.

DTE Energy Price Performance

DTE stock traded up $0.36 during mid-day trading on Friday, hitting $135.23. The stock had a trading volume of 1,758,551 shares, compared to its average volume of 1,281,405. The company has a current ratio of 0.80, a quick ratio of 0.53 and a debt-to-equity ratio of 2.13. DTE Energy Company has a 52 week low of $119.68 and a 52 week high of $155.74. The firm has a market capitalization of $28.14 billion, a P/E ratio of 20.61, a P/E/G ratio of 2.79 and a beta of 0.35. The firm has a fifty day simple moving average of $130.16 and a 200 day simple moving average of $140.85.

DTE Energy (NYSE:DTE) last issued its quarterly earnings results on Thursday, November 5th. The utilities provider reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.13 by $0.17. The company had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.61 billion. DTE Energy had a net margin of 8.00% and a return on equity of 12.19%. During the same quarter in the prior year, the firm posted $2.01 EPS. As a group, research analysts forecast that DTE Energy Company will post 7.70 EPS for the current year.

DTE Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Monday, December 21st will be given a dividend of $1.2450 per share. This is an increase from DTE Energy’s previous quarterly dividend of $1.1650. This represents a $4.98 annualized dividend and a yield of 3.7%. The ex-dividend date is Monday, December 21st. DTE Energy’s dividend payout ratio (DPR) is presently 73.73%.

Insider Buying and Selling

In other DTE Energy news, Vice Chairman Trevor Lauer sold 5,000 shares of the company’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $135.71, for a total transaction of $678,550.00. Following the completion of the sale, the insider directly owned 73,122 shares in the company, valued at $9,923,386.62. This represents a 6.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

DTE has been the subject of a number of recent research reports. Jefferies Financial Group set a $152.00 price objective on shares of DTE Energy in a report on Friday, October 23rd. JPMorgan Chase & Co. increased their target price on shares of DTE Energy from $155.00 to $162.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. BMO Capital Markets raised their target price on shares of DTE Energy from $134.00 to $139.00 and gave the stock a “market perform” rating in a report on Friday, October 16th. Mizuho dropped their price target on shares of DTE Energy from $152.00 to $136.00 and set an “outperform” rating for the company in a research report on Monday, September 28th. Finally, Weiss Ratings cut DTE Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, DTE Energy currently has an average rating of “Moderate Buy” and a consensus target price of $148.92.

Trending Headlines about DTE Energy

Here are the key news stories impacting DTE Energy this week:

• Positive Sentiment: Quarterly results beat expectations: DTE reported third-quarter earnings of $2.30 per share, above the $2.13 consensus, while revenue of $3.73 billion also topped estimates. Earnings per share were up from $2.01 a year earlier. DTE Energy’s Q3 earnings beat estimates
• Positive Sentiment: $3 billion sale to support utility growth: DTE agreed to sell its DTE Vantage non-utility business to investors advised by J.P. Morgan Asset Management, with closing expected in the first half of 2027. The proceeds are intended to support DTE’s expanded utility investment plan, reported at about $44 billion, including spending on reliability and generation. The shift could sharpen the company’s focus on regulated utilities, though it also means giving up Vantage’s earnings contribution. DTE Energy to sell its non-utility business for about $3 billion
• Positive Sentiment: Dividend raised: DTE declared a quarterly dividend of $1.245 per share, a 6.9% increase from the previous payment. The annualized dividend is $4.98 per share. DTE Energy declares quarterly dividend
• Neutral Sentiment: Wind project proposed: DTE is proposing a 254-megawatt wind farm in two Bay County townships. It could add to the company’s renewable-generation pipeline, but development will depend on approvals and project execution. DTE proposes 254-megawatt wind farm
• Negative Sentiment: Legal challenge over political spending rules: DTE and Consumers Energy sued to block Michigan’s voter-approved Proposal 2, which restricts utility political contributions. The case creates legal and public-policy uncertainty; its immediate financial effect is unclear. DTE and Consumers sue to block political-spending proposal

About DTE Energy

DTE Energy is a Detroit-based energy company whose core businesses are regulated electric and natural gas utilities in Michigan. Through DTE Electric, it generates, transmits and distributes electricity, while DTE Gas provides natural gas service to customers across the state.

The company also operates non-utility businesses, including energy marketing and trading and industrial energy services. These businesses develop energy solutions such as recovering energy from industrial processes and waste, alongside the company’s investments in renewable energy generation.

DTE Energy traces its roots to Detroit Edison, founded in 1886.