DTE Energy Company $DTE Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its stake in shares of DTE Energy Company (NYSE:DTE) by 56.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 133,855 shares of the utilities provider’s stock after selling 172,531 shares during the period. SG Americas Securities LLC’s holdings in DTE Energy were worth $19,572,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Allegheny Financial Group acquired a new stake in DTE Energy during the 1st quarter worth about $222,000. Hsbc Holdings PLC increased its holdings in shares of DTE Energy by 11.1% in the fourth quarter. Hsbc Holdings PLC now owns 387,409 shares of the utilities provider’s stock valued at $49,983,000 after purchasing an additional 38,668 shares during the period. Rockefeller Capital Management L.P. raised its stake in shares of DTE Energy by 14.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 29,512 shares of the utilities provider’s stock worth $3,807,000 after purchasing an additional 3,658 shares during the last quarter. Downshift Financial LLC acquired a new stake in shares of DTE Energy during the fourth quarter worth about $221,000. Finally, Corient Private Wealth LLC boosted its position in DTE Energy by 1.6% in the fourth quarter. Corient Private Wealth LLC now owns 48,670 shares of the utilities provider’s stock valued at $6,283,000 after buying an additional 790 shares during the last quarter. 76.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on DTE. BMO Capital Markets reduced their price target on shares of DTE Energy from $157.00 to $148.00 and set a “market perform” rating for the company in a research report on Thursday, March 26th. Mizuho set a $165.00 price objective on shares of DTE Energy in a research note on Friday, May 1st. JPMorgan Chase & Co. decreased their target price on shares of DTE Energy from $160.00 to $155.00 and set a “neutral” rating for the company in a research report on Thursday, May 14th. Wall Street Zen downgraded DTE Energy from a “hold” rating to a “sell” rating in a research report on Sunday, May 3rd. Finally, Bank of America reiterated a “buy” rating on shares of DTE Energy in a research note on Wednesday, April 22nd. One equities research 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $157.00.

Insider Activity

In other news, VP Lisa A. Muschong sold 1,000 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $143.72, for a total transaction of $143,720.00. Following the sale, the vice president directly owned 6,233 shares of the company’s stock, valued at $895,806.76. This represents a 13.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.60% of the stock is currently owned by insiders.

DTE Energy Price Performance

Shares of NYSE DTE opened at $152.87 on Friday. The stock has a market capitalization of $31.80 billion, a price-to-earnings ratio of 25.18, a PEG ratio of 3.30 and a beta of 0.39. DTE Energy Company has a 12 month low of $126.23 and a 12 month high of $154.63. The firm’s 50 day simple moving average is $145.24 and its 200-day simple moving average is $141.26. 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 posted its earnings results on Thursday, April 30th. The utilities provider reported $1.95 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.03). DTE Energy had a net margin of 7.65% and a return on equity of 12.37%. The firm had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $4.37 billion. 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. Analysts expect that DTE Energy Company will post 7.71 EPS for the current year.

DTE Energy Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Monday, September 21st. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.0%. DTE Energy’s dividend payout ratio is 76.77%.

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.