O Shaughnessy Asset Management LLC Lowers Stake in DTE Energy Company $DTE

O Shaughnessy Asset Management LLC cut its position in shares of DTE Energy Company (NYSE:DTE) by 9.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 55,436 shares of the utilities provider’s stock after selling 6,044 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in DTE Energy were worth $7,150,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of DTE Energy by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 26,305,533 shares of the utilities provider’s stock worth $3,392,888,000 after buying an additional 766,499 shares in the last quarter. Capital Research Global Investors grew its holdings 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 worth $1,605,539,000 after buying an additional 379,443 shares in the last quarter. State Street Corp grew its holdings in shares of DTE Energy by 2.3% during the third quarter. State Street Corp now owns 10,806,278 shares of the utilities provider’s stock worth $1,540,000,000 after buying an additional 247,747 shares in the last quarter. Capital World Investors boosted its position in shares of DTE Energy by 5.9% in the third quarter. Capital World Investors now owns 9,851,237 shares of the utilities provider’s stock worth $1,393,260,000 after acquiring an additional 552,346 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of DTE Energy by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 5,592,670 shares of the utilities provider’s stock worth $718,668,000 after acquiring an additional 117,322 shares during the last quarter. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DTE has been the topic of several research analyst reports. Weiss Ratings raised shares of DTE Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 22nd. Morgan Stanley set a $146.00 target price on shares of DTE Energy in a research report on Thursday, May 21st. Mizuho set a $165.00 target price on shares of DTE Energy in a research report on Friday, May 1st. BMO Capital Markets decreased their target price on shares of DTE Energy from $157.00 to $148.00 and set a “market perform” rating on the stock in a research report on Thursday, March 26th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $170.00 target price on shares of DTE Energy in a research report on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, DTE Energy has a consensus rating of “Moderate Buy” and an average price target of $156.25.

DTE Energy Price Performance

DTE opened at $146.32 on Thursday. The company’s 50 day simple moving average is $145.18 and its 200 day simple moving average is $140.19. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.69 and a current ratio of 0.95. DTE Energy Company has a 1 year low of $126.23 and a 1 year high of $154.63. The stock has a market capitalization of $30.44 billion, a PE ratio of 24.10, a P/E/G ratio of 3.19 and a beta of 0.39.

DTE Energy (NYSE:DTE) last announced its quarterly earnings results on Thursday, April 30th. The utilities provider reported $1.95 earnings per share for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.03). The business had revenue of $5.14 billion for the quarter, compared to analyst estimates of $4.37 billion. DTE Energy had a net margin of 7.65% and a return on equity of 12.37%. During the same period last year, the firm earned $2.10 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, sell-side analysts expect that DTE Energy Company will post 7.71 EPS for the current year.

DTE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders 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 yield of 3.2%. The ex-dividend date of this dividend is Monday, June 22nd. DTE Energy’s payout ratio is 76.77%.

Insiders Place Their Bets

In other DTE Energy 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 transaction, the vice president directly owned 6,233 shares of the company’s stock, valued at $895,806.76. The trade was a 13.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.60% of the stock is currently owned by company insiders.

About DTE Energy

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.