Allstate Corp Has $1.97 Million Position in DTE Energy Company $DTE

Key Points

• Allstate Corp nearly doubled its stake in DTE Energy during the fourth quarter, buying an additional 7,597 shares to bring its total to 15,239 shares worth about $1.97 million.
• DTE Energy reported mixed quarterly results, missing EPS estimates at $1.95 versus $1.98 expected, but posting stronger-than-expected revenue of $5.14 billion. The company also guided FY 2026 EPS at 7.590-7.730.
• Investor attention is focused on DTE’s $1.6 billion battery-storage investment in Michigan, a move aimed at supporting grid reliability and clean-energy goals, though it may চাপ near-term earnings and leverage due to the large capital outlay.

Allstate Corp increased its holdings in shares of DTE Energy Company (NYSE:DTE - Free Report) by 99.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,239 shares of the utilities provider's stock after acquiring an additional 7,597 shares during the quarter. Allstate Corp's holdings in DTE Energy were worth $1,966,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. AE Wealth Management LLC grew its position in shares of DTE Energy by 5.0% in the third quarter. AE Wealth Management LLC now owns 118,521 shares of the utilities provider's stock valued at $16,762,000 after purchasing an additional 5,658 shares in the last quarter. Quantitative Investment Management LLC purchased a new position in shares of DTE Energy in the third quarter valued at $1,348,000. First Trust Advisors LP grew its position in shares of DTE Energy by 11.0% in the third quarter. First Trust Advisors LP now owns 805,251 shares of the utilities provider's stock valued at $113,887,000 after purchasing an additional 79,956 shares in the last quarter. TD Asset Management Inc grew its position in shares of DTE Energy by 2.9% in the third quarter. TD Asset Management Inc now owns 240,696 shares of the utilities provider's stock valued at $34,042,000 after purchasing an additional 6,779 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of DTE Energy by 1.3% in the third quarter. Victory Capital Management Inc. now owns 362,270 shares of the utilities provider's stock valued at $51,236,000 after purchasing an additional 4,590 shares in the last quarter. 76.06% of the stock is owned by institutional investors and hedge funds.

DTE Energy Price Performance

NYSE:DTE opened at $143.28 on Friday. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.69 and a current ratio of 0.95. The stock has a fifty day moving average of $145.35 and a 200 day moving average of $139.82. DTE Energy Company has a 52-week low of $126.23 and a 52-week high of $154.63. The firm has a market capitalization of $29.81 billion, a price-to-earnings ratio of 23.60, a P/E/G ratio of 3.17 and a beta of 0.41.

DTE Energy (NYSE:DTE - Get Free Report) last issued its quarterly earnings results 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). DTE Energy had a return on equity of 12.37% and a net margin of 7.65%.The firm had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $4.37 billion. During the same period last year, the firm earned $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. On average, research analysts expect that DTE Energy Company will post 7.71 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 22nd will be paid a dividend of $1.165 per share. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $4.66 annualized dividend and a yield of 3.3%. DTE Energy's payout ratio is 76.77%.

Trending Headlines about DTE Energy

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

• Positive Sentiment: DTE unveiled a $1.6 billion investment in Michigan battery energy storage systems, partnering with LG Energy Solution Vertech to build out eight projects that total 6 GWh. The deal supports grid reliability, clean-energy goals, and domestic manufacturing, which could improve long-term utility asset growth. Article Title
• Positive Sentiment: The project is being highlighted as a major boost for Michigan-made battery production in Holland and West Michigan, with local economic benefits and potential support from data-center-driven power demand on DTE’s grid. That could strengthen investor confidence in future regulated infrastructure spending. Article Title
• Positive Sentiment: Broader clean-energy interest is also keeping DTE in focus alongside other utility and wind stocks as investors look for beneficiaries of rising demand for low-carbon power and grid storage. Article Title
• Neutral Sentiment: LG Energy Solution’s stock jumped after landing the U.S. battery-storage contract, underscoring the importance of the partnership, but the move mainly reflects enthusiasm for the supplier rather than a direct financial update from DTE. Article Title
• Negative Sentiment: Despite the strategic benefits, the announcement also highlights a very large capital commitment, which can pressure near-term earnings, cash flow, and leverage metrics for a utility already carrying meaningful debt. Article Title

Insider Transactions at DTE Energy

In other DTE Energy news, VP Lisa A. Muschong sold 1,000 shares of DTE Energy 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 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 document filed with the SEC, which is available at this hyperlink. 0.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DTE. Argus upgraded DTE Energy to a "strong-buy" rating in a research report on Thursday, February 26th. Weiss Ratings upgraded DTE Energy from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, May 22nd. Truist Financial reduced their price target on DTE Energy from $165.00 to $158.00 and set a "buy" rating for the company in a research report on Monday, May 18th. Bank of America reiterated a "buy" rating on shares of DTE Energy in a research report on Wednesday, April 22nd. Finally, Mizuho set a $165.00 price objective on DTE Energy in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $156.25.

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.

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