DTE Energy Company $DTE Shares Acquired by Soroban Capital Partners LP

Soroban Capital Partners LP lifted its stake in DTE Energy Company (NYSE:DTE) by 2.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,038,473 shares of the utilities provider’s stock after buying an additional 39,963 shares during the quarter. DTE Energy makes up 0.6% of Soroban Capital Partners LP’s holdings, making the stock its 15th largest position. Soroban Capital Partners LP’s holdings in DTE Energy were worth $298,066,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Millennium Management LLC raised its position 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 valued at $352,016,000 after acquiring an additional 1,895,631 shares in the last quarter. Balyasny Asset Management L.P. purchased a new stake in DTE Energy in the 4th quarter worth approximately $139,423,000. Cohen & Steers Inc. purchased a new stake in DTE Energy in the 4th quarter worth approximately $125,604,000. Vanguard Group Inc. grew its stake in shares of DTE Energy by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 26,305,533 shares of the utilities provider’s stock worth $3,392,888,000 after purchasing an additional 766,499 shares during the period. Finally, Raymond James Financial Inc. grew its stake in shares of DTE Energy by 176.5% during the 2nd quarter. Raymond James Financial Inc. now owns 1,015,208 shares of the utilities provider’s stock worth $134,474,000 after purchasing an additional 648,007 shares during the period. Hedge funds and other institutional investors own 76.06% of the company’s stock.

Insider Buying and Selling at DTE Energy

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

Analysts Set New Price Targets

A number of research firms have weighed in on DTE. Truist Financial cut their price objective on shares of DTE Energy from $165.00 to $158.00 and set a “buy” rating for the company in a report on Monday, May 18th. Wall Street Zen cut DTE Energy from a “hold” rating to a “sell” rating in a research report on Sunday, May 3rd. TD Cowen started coverage on DTE Energy in a research note on Tuesday, July 7th. They issued a “hold” rating and a $166.00 price target for the company. Bank of America reaffirmed a “buy” rating on shares of DTE Energy in a report on Wednesday, April 22nd. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $165.00 price target on shares of DTE Energy in a research report on Monday, June 15th. One investment 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’s stock. Based on data from MarketBeat, DTE Energy has an average rating of “Moderate Buy” and an average target price of $158.38.

DTE Energy Price Performance

Shares of NYSE DTE opened at $146.98 on Tuesday. The firm has a market cap of $30.58 billion, a PE ratio of 24.21, a PEG ratio of 3.26 and a beta of 0.38. The firm has a fifty day moving average of $147.64 and a 200 day moving average of $144.49. 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 one year low of $126.23 and a one year high of $155.74.

DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Thursday, April 30th. The utilities provider reported $1.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.03). The company had revenue of $5.14 billion for the quarter, compared to analysts’ expectations 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 in the previous year, the business earned $2.10 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, research analysts predict that DTE Energy Company will post 7.71 EPS for the current fiscal year.

DTE Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Monday, September 21st will be given a dividend of $1.165 per share. This represents a $4.66 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Monday, September 21st. DTE Energy’s dividend payout ratio is 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.